IMEDIX_LIMITED - Accounts

IMEDIX LIMITED - Company Information

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Company Registration No. 08051021 (England and Wales)

IMEDIX LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

IMEDIX LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

IMEDIX LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

8,632

6,555

Current assets

Stocks

819,517

412,677

Debtors

59,601

128,359

Cash at bank and in hand

26,357

10,627

905,475

551,663

Creditors: amounts falling due within one year

(733,555)

(358,755)

Net current assets

171,920

192,908

Total assets less current liabilities

180,552

199,463

Creditors: amounts falling due after more than one year

(70,000)

180,552

129,463

Capital and reserves

Called up share capital

Profit and loss account

180,550

129,461

Shareholders' funds

180,552

129,463

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 January 2017

Mrs A Zafar

Director

Company Registration No. 08051021

IMEDIX LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Computer equipment

25% Reducing balance

Fixtures, fittings & equipment

25% Reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 May 2015

10,843

Additions

4,955

At 30 April 2016

15,798

Depreciation

At 1 May 2015

4,289

Charge for the year

2,877

At 30 April 2016

7,166

Net book value

At 30 April 2016

8,632

At 30 April 2015

6,555

IMEDIX LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 ordinary shares of £1 each