Abbreviated Company Accounts - MEDI - TEC LIMITED

MEDI - TEC LIMITED - Company Information

04107362 MEDI - TEC LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04107362 2015-04-01 2016-03-31 04107362 2016-03-31 04107362 2015-03-31 04107362 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04107362 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04107362

MEDI - TEC LIMITED

Abbreviated Accounts

31 March 2016

MEDI - TEC LIMITED Registered Number 04107362

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,164	3,640
		2,164	3,640
Current assets
Stocks		800	800
Debtors		13,195	18,513
Cash at bank and in hand		35,562	20,268
		49,557	39,581
Creditors: amounts falling due within one year		(10,884)	(12,962)
Net current assets (liabilities)		38,673	26,619
Total assets less current liabilities		40,837	30,259
Creditors: amounts falling due after more than one year		(63,775)	(63,775)
Accruals and deferred income		(384)	(767)
Total net assets (liabilities)		(23,322)	(34,283)
Capital and reserves
Called up share capital	3	2	2
Other reserves		3	3
Profit and loss account		(23,327)	(34,288)
Shareholders' funds		(23,322)	(34,283)

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 14 December 2016

And signed on their behalf by:
Gwyn H Jones, Director

MEDI - TEC LIMITED Registered Number 04107362

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% straight line
Fixtures, fittings and equipment - 25% straight line
Motor Vehicles - 25% reducing balance

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock
Stock is valued at the lower of cost and net realisable value.

Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Tangible fixed assets

	£
Cost
At 1 April 2015	16,608
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	16,608
Depreciation
At 1 April 2015	12,968
Charge for the year	1,476
On disposals	-
At 31 March 2016	14,444
Net book values
At 31 March 2016	2,164
At 31 March 2015	3,640

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2