Abbreviated Company Accounts - MEDIGROUP LTD

Registered Number 08356763

MEDIGROUP LTD

Abbreviated Accounts

31 March 2016

MEDIGROUP LTD Registered Number 08356763

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	1	1
Investments	3	100	100
		101	101
Current assets
Stocks		-	235,560
Debtors		-	847
Cash at bank and in hand		470	7,291
		470	243,698
Creditors: amounts falling due within one year		(4,612)	(242,068)
Net current assets (liabilities)		(4,142)	1,630
Total assets less current liabilities		(4,041)	1,731
Total net assets (liabilities)		(4,041)	1,731
Capital and reserves
Called up share capital		100	100
Profit and loss account		(4,141)	1,631
Shareholders' funds		(4,041)	1,731

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 20 December 2016

And signed on their behalf by:
Mr Rohit Mehta, Director

MEDIGROUP LTD Registered Number 08356763

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers

Intangible assets amortisation policy
Amortization
Intangible assets are ammortised to reflect their useful realizable value.
Asset class: Liscences
Amortisation method and rate:
ammortised over 10 years

Other accounting policies
Fixed asset investments
Fixed asset investments are stated at historical cost less provision for any diminution in value.

Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2Intangible fixed assets

	£
Cost
At 1 April 2015	3,636
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	3,636
Amortisation
At 1 April 2015	3,635
Charge for the year	-
On disposals	-
At 31 March 2016	3,635
Net book values
At 31 March 2016	1
At 31 March 2015	1

3Fixed assets Investments
Cost
At 1 April 2015 - 100
At 31 March 2016 - 100

Depreciation
At 1 April 2015 - 0
At 31 March 2016 - 0

Netbook Value
At 31 March 2016 - 100
At 31 March 2015 - 100