Lavender Medical Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06828106 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

LAVENDER MEDICAL LIMITED

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R S Saab

SECRETARY:

S S Saab

REGISTERED OFFICE:

Unit 28 Wedgewood Way

Stevenage

Hertfordshire

SG1 4QT

REGISTERED NUMBER:

06828106 (England and Wales)

ACCOUNTANTS:

C & H Associates

T/A Mobile Accountants

Chartered Management Accountants

206 Turners Hill

Cheshunt

Waltham Cross

Hertfordshire

EN8 9DE

The following reproduces the text of the report prepared for the director in respect

of the company's annual unaudited financial statements, from which the unaudited

abbreviated accounts (set out on pages two to five) have been prepared.

Respective Responsibilities of the Directors and Reporting Accountants

As described in the directors report, the director is responsible for the preparation

of the financial statements in accordance with applicable law and United Kingdom

Accounting Standards. They consider the company is exempt from audit. Our

responsibilities are to prepare the financial statements on behalf of the director,

based on the company's accounting records and instruction from the directors.

Basis Of Opinion

We prepared the financial statements in accordance with best practice. We compared

the financial statements with the accounting records maintained by the company and

made such limited enquiries of the company, as we considered necessary for the

preparation of these financial statements.

We have not carried out an audit in accordance with Auditing Standards. Accordingly,

we do not express an audit opinion on the financial statement. The financial

statements are free from material misstatement whether by error, fraud or any other

irregularities.

Opinion

In our opinion:

(a) the financial statements are in agreement with accounting standards maintained by

the companies act 2006 under part 15 as well as information provided by the

directors.

(b) having regards only to, and on the basis of the information contained in those

accounting records and instructions from the directors, the financial statements have

been drawn up in a manner consistent with the requirements on the Companies Act 2006

and generally accepted accounting principles.

C & H Associates

T/A Mobile Accountants

Chartered Management Accountants

206 Turners Hill

Cheshunt

Waltham Cross

Hertfordshire

EN8 9DE

Date: .............................................

FIXED ASSETS

Intangible assets

2

3,087

4,115

Tangible assets

3

85,459

90,792

88,546

94,907

CURRENT ASSETS

Stocks

665,431

565,026

Debtors

178,698

164,546

Cash at bank

19,200

59,357

863,329

788,929

CREDITORS

Amounts falling due within one year

218,692

214,976

NET CURRENT ASSETS

644,637

573,953

TOTAL ASSETS LESS CURRENT LIABILITIES

733,183

668,860

CREDITORS

Amounts falling due after more than one year

4

1,164,018

1,154,018

NET LIABILITIES

(430,835

)

(485,158

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(430,935

)

(485,258

)

SHAREHOLDERS' FUNDS

(430,835

)

(485,158

)

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 10 June 2016 and were signed by:

R S Saab - 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 cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions

payable to the company's pension scheme are charged to the profit and loss

account in the period to which they relate.

Going concern

The company is trading on a going concern basis, the main source of financing

for the company is a fixed repayable loan that cannot be withdrawn for

£1,164,018 (2015: £1,154,018)

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

10,288

AMORTISATION

At 1 April 2015

6,173

Amortisation for year

1,028

At 31 March 2016

7,201

NET BOOK VALUE

At 31 March 2016

3,087

At 31 March 2015

4,115

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

336,604

Additions

53,159

At 31 March 2016

389,763

DEPRECIATION

At 1 April 2015

245,812

Charge for year

58,492

At 31 March 2016

304,304

NET BOOK VALUE

At 31 March 2016

85,459

At 31 March 2015

90,792

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.16

31.3.15

£

£

Repayable by instalments

1,164,018

1,154,018

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

1

100

100

6.	DIRECTORS CURRENT ACCOUNTS

Included in the creditors figure is Directors current accounts balance of £9575

in the year ended 31/03/16. (£8201 in the year ended 31/03/15)