GLEESON_MEDICAL_SERVICES_ - Accounts

GLEESON MEDICAL SERVICES LIMITED - Company Information

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Company Registration No. 09047942 (England and Wales)

GLEESON MEDICAL SERVICES LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

GLEESON MEDICAL SERVICES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

GLEESON MEDICAL SERVICES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

5,065

3,252

Current assets

Debtors

91,527

115,662

Cash at bank and in hand

75,411

55,473

166,938

171,135

Creditors: amounts falling due within one year

(70,805)

(55,882)

Net current assets

96,133

115,253

Total assets less current liabilities

101,198

118,505

Capital and reserves

Called up share capital

100

Profit and loss account

101,098

118,405

Shareholders' funds

101,198

118,505

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 22 February 2017

Mr R Gleeson

Director

Company Registration No. 09047942

GLEESON MEDICAL SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 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 medical services provided .medical services provided.

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

Fixed assets

Tangible assets

Cost

At 1 June 2015

4,336

Additions

3,501

At 31 May 2016

7,837

Depreciation

At 1 June 2015

1,084

Charge for the year

1,688

At 31 May 2016

2,772

Net book value

At 31 May 2016

5,065

At 31 May 2015

3,252

GLEESON MEDICAL SERVICES LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

75 A Ordinary shares of £1 each

5 B Ordinary shares of £1 each

20 C,D,E & F Ordinary shares of £1 each

100

The A and B Ordinary shares have equal voting rights of one vote per share . No voting rights are attributable to the other classes of Ordinary shares.Dividends may be paid to the holders of one or more classes of shares to the exclusion of the others.

Related party relationships and transactions

Director's Loan Account

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr R Gleeson -

3.00

58,757

26,718

801

58,757

27,519

58,757

26,718

801

58,757

27,519