Abbreviated Company Accounts - MEDICAL COSMETICS LIMITED

MEDICAL COSMETICS LIMITED - Company Information

05363175 MEDICAL COSMETICS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 05363175 2015-04-01 2016-03-31 05363175 2016-03-31 05363175 2015-03-31 05363175 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05363175 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 05363175

MEDICAL COSMETICS LIMITED

Abbreviated Accounts

31 March 2016

MEDICAL COSMETICS LIMITED Registered Number 05363175

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	91,893	18,952
		91,893	18,952
Current assets
Stocks		13,500	12,186
Debtors		9,419	3,249
Cash at bank and in hand		12,959	22,053
		35,878	37,488
Creditors: amounts falling due within one year		(33,513)	(7,621)
Net current assets (liabilities)		2,365	29,867
Total assets less current liabilities		94,258	48,819
Provisions for liabilities		(2,603)	(2,603)
Total net assets (liabilities)		91,655	46,216
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		91,654	46,215
Shareholders' funds		91,655	46,216

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 31 December 2016

And signed on their behalf by:
Dr A Siddiqi, Director

MEDICAL COSMETICS LIMITED Registered Number 05363175

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

Tangible assets depreciation policy
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:

Plant and machinery 25% pa reducing balance
Fixtures, fittings & equipment 25% pa reducing balance

Other accounting policies
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2Tangible fixed assets

	£
Cost
At 1 April 2015	46,644
Additions	80,157
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	126,801
Depreciation
At 1 April 2015	27,692
Charge for the year	7,216
On disposals	-
At 31 March 2016	34,908
Net book values
At 31 March 2016	91,893
At 31 March 2015	18,952

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

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