MB_ORTHOPAEDICS_LIMITED - Accounts

MB ORTHOPAEDICS LIMITED - Company Information

Print Friendly Version

Company Registration No. SC433435 (Scotland)

MB ORTHOPAEDICS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

MB ORTHOPAEDICS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MB ORTHOPAEDICS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

115

230

Current assets

Debtors

67,395

77,314

Cash at bank and in hand

9,826

4,859

77,221

82,173

Creditors: amounts falling due within one year

(20,293)

(19,998)

Net current assets

56,928

62,175

Total assets less current liabilities

57,043

62,405

Capital and reserves

Called up share capital

100

Profit and loss account

56,943

62,305

Shareholders' funds

57,043

62,405

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 December 2016

Dr M Blyth

Director

Company Registration No. SC433435

MB ORTHOPAEDICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Straight-line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

460

Depreciation

At 1 April 2015

230

Charge for the year

115

At 31 March 2016

345

Net book value

At 31 March 2016

115

At 31 March 2015

230

MB ORTHOPAEDICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

96 Ordinary A shares of £1 each

1 Ordinary B share of £1 each

1 Ordinary C share of £1 each

1 Ordinary D share of £1 each

1 Ordinary E share of £1 each

100