Medical Solutions UK Limited - Abbreviated accounts 16.1

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2016

FOR

MEDICAL SOLUTIONS UK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B Tranter

Miss E J Walton

SECRETARY:

REGISTERED OFFICE:

Atticus House

2 The Windmills, Turk Street

Alton

Hampshire

GU34 1EF

REGISTERED NUMBER:

03766413

ACCOUNTANTS:

Fox & Co (Accountants) Ltd

Atticus House

2 The Windmills

Turk Street

Alton

Hampshire

GU34 1EF

FIXED ASSETS

Tangible assets

2

934,385

41,713

CURRENT ASSETS

Debtors

39,012

123,315

Cash at bank and in hand

2,028,598

2,100,509

2,067,610

2,223,824

CREDITORS

Amounts falling due within one year

270,340

198,441

NET CURRENT ASSETS

1,797,270

2,025,383

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,731,655

2,067,096

CAPITAL AND RESERVES

Called up share capital

3

60

Profit and loss account

2,731,595

2,067,036

SHAREHOLDERS' FUNDS

2,731,655

2,067,096

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

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

The directors acknowledge their 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 Board of Directors on 29 October 2016 and were signed on its behalf by:

B Tranter - 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 etc

-

25% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and amounts recognised in respect of impairment.

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

143,572

Additions

909,349

At 31 May 2016

1,052,921

DEPRECIATION

At 1 June 2015

101,859

Charge for year

16,677

At 31 May 2016

118,536

NET BOOK VALUE

At 31 May 2016

934,385

At 31 May 2015

41,713

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

60

Ordinary

£1

60