LASE Medical Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08019500 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

LASE MEDICAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L Ali-Khan

A Ali-Khan

REGISTERED OFFICE:

17 Telford Close

High Shincliffe

Co. Durham

DH1 2YJ

REGISTERED NUMBER:

08019500 (England and Wales)

ACCOUNTANTS:

Ribchesters

Chartered Accountants

67 Saddler Street

Durham City

DH1 3NP

FIXED ASSETS

Tangible assets

2

1,642

1,365

CURRENT ASSETS

Stocks

-

671

Debtors

701

3,610

Cash at bank

5,614

2,193

6,315

6,474

CREDITORS

Amounts falling due within one year

13,475

18,076

NET CURRENT LIABILITIES

(7,160

)

(11,602

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,518

)

(10,237

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(5,520

)

(10,239

)

SHAREHOLDERS' FUNDS

(5,518

)

(10,237

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 9 October 2014 and were signed on its behalf by:

A Ali-Khan - Director

L Ali-Khan - 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 April 2008).

Turnover

Turnover is derived from the principal activity of the company which is that of plastic surgery services.

Turnover is recognised when the company becomes entitled to it.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Computer equipment

-

33% 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

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

1,834

Additions

972

At 31 March 2014

2,806

DEPRECIATION

At 1 April 2013

469

Charge for year

695

At 31 March 2014

1,164

NET BOOK VALUE

At 31 March 2014

1,642

At 31 March 2013

1,365

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2