Meridian Biotechnologies Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03307856 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

MERIDIAN BIOTECHNOLOGIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S P Smyth

S P Temple

J Thomson

SECRETARY:

Mrs S C Smyth

REGISTERED OFFICE:

Unit 6, Epsom Downs Metro Centre

Waterfield

Tadworth

Surrey

KT20 5LR

REGISTERED NUMBER:

03307856 (England and Wales)

ACCOUNTANTS:

Shipleys LLP

Chartered Accountants

3 Godalming Business Centre

Woolsack Way

Godalming

Surrey

GU7 1XW

FIXED ASSETS

Intangible assets

2

27,000

29,250

Tangible assets

3

29,588

19,219

56,588

48,469

CURRENT ASSETS

Stocks

165,550

86,161

Debtors

70,015

72,164

Cash at bank

131

2,021

235,696

160,346

CREDITORS

Amounts falling due within one year

145,682

89,073

NET CURRENT ASSETS

90,014

71,273

TOTAL ASSETS LESS CURRENT
LIABILITIES

146,602

119,742

CREDITORS

Amounts falling due after more than one
year

67,085

70,375

NET ASSETS

79,517

49,367

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

79,417

49,267

SHAREHOLDERS' FUNDS

79,517

49,367

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 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 20 December 2016 and were signed on its behalf
by:

S P Smyth - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

45,000

AMORTISATION

At 1 April 2015

15,750

Amortisation for year

2,250

At 31 March 2016

18,000

NET BOOK VALUE

At 31 March 2016

27,000

At 31 March 2015

29,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

26,641

Additions

20,890

At 31 March 2016

47,531

DEPRECIATION

At 1 April 2015

7,422

Charge for year

10,521

At 31 March 2016

17,943

NET BOOK VALUE

At 31 March 2016

29,588

At 31 March 2015

19,219

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100