Abbreviated Company Accounts - SOUTH YORKSHIRE OSTOMY SUPPLIES LTD

Abbreviated Company Accounts - SOUTH YORKSHIRE OSTOMY SUPPLIES LTD

SOUTH YORKSHIRE OSTOMY SUPPLIES LTD - Company Information

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Registered Number 08440789

SOUTH YORKSHIRE OSTOMY SUPPLIES LTD

Abbreviated Accounts

31 March 2016

SOUTH YORKSHIRE OSTOMY SUPPLIES LTD Registered Number 08440789

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,290 1,623
1,290 1,623
Current assets
Stocks 30,567 119,350
Debtors 375,145 304,895
Cash at bank and in hand 27,828 90,801
433,540 515,046
Creditors: amounts falling due within one year (275,134) (441,612)
Net current assets (liabilities) 158,406 73,434
Total assets less current liabilities 159,696 75,057
Creditors: amounts falling due after more than one year - (1,667)
Total net assets (liabilities) 159,696 73,390
Capital and reserves
Called up share capital 100 100
Profit and loss account 159,596 73,290
Shareholders' funds 159,696 73,390
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 December 2016

And signed on their behalf by:
B R JEFFCOCK, Director

SOUTH YORKSHIRE OSTOMY SUPPLIES LTD Registered Number 08440789

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 2,600
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 2,600
Depreciation
At 1 April 2015 977
Charge for the year 333
On disposals -
At 31 March 2016 1,310
Net book values
At 31 March 2016 1,290
At 31 March 2015 1,623