Pix Medical Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08869434 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Pix Medical Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S A Y Cuvelier

REGISTERED OFFICE:

22 Church Street

Steeple Bumpstead

Haverhill

Suffolk

CB9 7DG

REGISTERED NUMBER:

08869434 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

2

2,875

1,920

CURRENT ASSETS

Stocks

500

1,000

Debtors

21,665

-

Cash at bank

103,194

50,087

125,359

51,087

CREDITORS

Amounts falling due within one year

87,948

51,042

NET CURRENT ASSETS

37,411

45

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,286

1,965

PROVISIONS FOR LIABILITIES

575

384

NET ASSETS

39,711

1,581

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

39,611

1,481

SHAREHOLDERS' FUNDS

39,711

1,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 October 2016 and were signed by:

S A Y Cuvelier - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 20% reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

2,560

Additions

1,884

Disposals

(800

)

At 31 March 2016

3,644

DEPRECIATION

At 1 April 2015

640

Charge for year

449

Eliminated on disposal

(320

)

At 31 March 2016

769

NET BOOK VALUE

At 31 March 2016

2,875

At 31 March 2015

1,920

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100