Abbreviated Company Accounts - MEDLOCK TECHNICAL LIMITED

Abbreviated Company Accounts - MEDLOCK TECHNICAL LIMITED

MEDLOCK TECHNICAL LIMITED - Company Information

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Registered Number 03639015

MEDLOCK TECHNICAL LIMITED

Abbreviated Accounts

30 September 2016

MEDLOCK TECHNICAL LIMITED Registered Number 03639015

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1 351
1 351
Current assets
Debtors 3,910 1,592
Cash at bank and in hand 13,875 10,088
17,785 11,680
Creditors: amounts falling due within one year (7,340) (11,689)
Net current assets (liabilities) 10,445 (9)
Total assets less current liabilities 10,446 342
Provisions for liabilities - (70)
Total net assets (liabilities) 10,446 272
Capital and reserves
Called up share capital 2 2
Profit and loss account 10,444 270
Shareholders' funds 10,446 272
  • For the year ending 30 September 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 26 June 2017

And signed on their behalf by:
R Medlock, Director

MEDLOCK TECHNICAL LIMITED Registered Number 03639015

Notes to the Abbreviated Accounts for the period ended 30 September 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 January 2015.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced for the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:
Equipment - 50% on cost

2Tangible fixed assets
£
Cost
At 1 October 2015 6,769
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2016 6,769
Depreciation
At 1 October 2015 6,418
Charge for the year 350
On disposals -
At 30 September 2016 6,768
Net book values
At 30 September 2016 1
At 30 September 2015 351