Lavender Medical Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 06828106 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017

FOR

LAVENDER MEDICAL LIMITED

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

R S Saab

SECRETARY:

S S Saab

REGISTERED OFFICE:

Unit 4, Niall House

24-26 Boulton Road

Stevenage

Hertfordshire

SG1 4QX

REGISTERED NUMBER:

06828106 (England and Wales)

ACCOUNTANTS:

C & H Associates

T/A Mobile Accountants

Chartered Management Accountants

206 Turners Hill

cheshunt

Hertfordshire

EN8 9DE

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the Registrar of Companies.

Respective Responsibilities of the Directors and Reporting Accountants

As described in the directors report, the director is responsible for the preparation of the financial statements in accordance

with applicable law and United Kingdom Accounting Standards. They consider the company is exempt from audit. Our

responsibilities are to prepare the financial statements on behalf of the director, based on the company's accounting records

and instruction from the directors.

Basis Of Opinion

We prepared the financial statements in accordance with best practice. We compared the financial statements with the

accounting records maintained by the company and made such limited enquiries of the company, as we considered

necessary for the preparation of these financial statements.

We have not carried out an audit in accordance with Auditing Standards. Accordingly, we do not express an audit opinion

on the financial statement. The financial statements are free from material misstatement whether by error, fraud or any

other irregularities.

Opinion

In our opinion:

(a) the financial statements are in agreement with accounting standards maintained by the companies act 2006 under part 15

as well as information provided by the directors.

(b) having regards only to, and on the basis of the information contained in those accounting records and instructions from

the directors, the financial statements have been drawn up in a manner consistent with the requirements on the Companies

Act 2006 and generally accepted accounting principles.

C & H Associates

T/A Mobile Accountants

Chartered Management Accountants

206 Turners Hill

cheshunt

Hertfordshire

EN8 9DE

Date: .............................................

FIXED ASSETS

Intangible assets

4

2,058

3,087

Tangible assets

5

89,085

85,459

91,143

88,546

CURRENT ASSETS

Stocks

737,444

665,431

Debtors

6

253,272

178,698

Cash at bank

33,745

19,200

1,024,461

863,329

CREDITORS

Amounts falling due within one year

7

275,628

218,692

NET CURRENT ASSETS

748,833

644,637

TOTAL ASSETS LESS CURRENT LIABILITIES

839,976

733,183

CREDITORS

Amounts falling due after more than one year

8

1,164,018

1,164,018

NET LIABILITIES

(324,042

)

(430,835

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(324,142

)

(430,935

)

SHAREHOLDERS' FUNDS

(324,042

)

(430,835

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 June 2017 and were signed by:

R S Saab - Director

1.	STATUTORY INFORMATION

Lavender Medical Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc

-

25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The company is trading on a going concern basis, the main source of financing for the company is a fixed repayable

loan that cannot be withdrawn for £1,164,018 (2015: £1,154,018)

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2016

and 31 March 2017

10,288

AMORTISATION

At 1 April 2016

7,201

Charge for year

1,029

At 31 March 2017

8,230

NET BOOK VALUE

At 31 March 2017

2,058

At 31 March 2016

3,087

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

389,763

Additions

65,910

At 31 March 2017

455,673

DEPRECIATION

At 1 April 2016

304,304

Charge for year

62,284

At 31 March 2017

366,588

NET BOOK VALUE

At 31 March 2017

89,085

At 31 March 2016

85,459

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

231,282

162,390

Other debtors

21,990

16,308

253,272

178,698

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

27,500

-

Trade creditors

155,307

138,760

Taxation and social security

54,464

49,969

Other creditors

38,357

29,963

275,628

218,692

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

1,164,018

1,164,018

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

1,164,018

1,164,018