Soft Medical Touch Limited Small abbreviated accounts

SOFT MEDICAL TOUCH LIMITED - Company Information

FY Private Limited Company Company accounts 2016-10-28 2016-10-28 false true false false false false false false false false false false true true 2015-01-01 true xbrli:pure xbrli:shares iso4217:GBP 06703553 2015-01-01 2015-12-31 06703553 2015-12-31 06703553 2014-12-31 06703553 2014-12-31 06703553 uk-gaap:FixturesFittings 2015-01-01 2015-12-31 06703553 uk-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 06703553 uk-bus:Director1 2015-01-01 2015-12-31 06703553 uk-gaap:AllSubsidiaries 2015-01-01 2015-12-31 06703553 uk-bus:OrdinaryShareClass1 2015-12-31 06703553 uk-bus:OrdinaryShareClass1 2014-12-31 06703553 uk-lang:English 2015-01-01 2015-12-31 06703553 uk-curr:PoundSterling 2015-01-01 2015-12-31

Company Registration Number 06703553

Soft Medical Touch Limited

Unaudited Abbreviated Accounts

31 December 2015

Soft Medical Touch Limited

Abbreviated Balance Sheet

31 December 2015

	2015		2014
Note	£	£	£

Fixed Assets	2
Intangible assets		2,492	2,156
Tangible assets		100	391
		-------	-------
		2,592	2,547
		-------	-------

Current Assets

Stocks	2,595		1,785
Debtors	5,270		10,430
Cash at bank and in hand	34,741		23,163
	--------		--------
	42,606		35,378
Creditors: Amounts Falling due Within One Year	( 44,772)		( 36,974)
	--------		--------
Net Current Liabilities		( 2,166)	( 1,596)

	-------	-------
Total Assets Less Current Liabilities	426	951

Provisions for Liabilities		-	( 264)

		----	----
		426	687
		----	----

Capital and Reserves

Called up equity share capital	3	200	200
Profit and loss account		226	487
		----	----
Shareholders' Funds		426	687
		----	----

For the year ended 31st December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 29 September 2016 , and are signed on their behalf by:

Dr B R J Hertzog Director

Company Registration Number: 06703553

Soft Medical Touch Limited

Notes to the Abbreviated Accounts

Year Ended 31st December 2015

1. Accounting Policies

Accounting Convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the fair value of goods and services provided, excluding value added tax, during the year.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixed Assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings-20% Straight line basis per annum

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Deferred Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2. Fixed Assets

Intangible Assets	Tangible Assets	Total
£	£	£

Cost

At 1st January 2015	3,217	8,805	12,022
Additions	2,085	–	2,085
	-------	-------	--------
At 31st December 2015	5,302	8,805	14,107
	-------	-------	--------

Depreciation

At 1st January 2015	1,061	8,414	9,475
Charge for year	1,749	291	2,040
	-------	-------	--------
At 31st December 2015	2,810	8,705	11,515
	-------	-------	--------

Net Book Value

At 31st December 2015	2,492	100	2,592
	-------	----	-------

At 31st December 2014	2,156	391	2,547
	-------	----	-------

3. Share Capital

Allotted, called up and fully paid:

2015		2014
No.	£	No.	£

Ordinary shares of £ 1 each	200	200	200	200
	----	----	----	----