Sovereign Medical Health Limited,Ltd - Accounts

Sovereign Medical Health Limited,Ltd - Accounts

SOVEREIGN MEDICAL HEALTH LIMITED - Company Information

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2013-03-01 true false Private Limited Company 04162132 2014-02-28 04162132 2013-03-01 2014-02-28 04162132 2013-02-28 04162132 2012-03-01 2013-02-28 04162132 uk-bus:Director1 2013-03-01 2014-02-28 04162132 uk-bus:OrdinaryShareClass1 2014-02-28 iso4217:GBP
Sovereign Medical Health Limited
For the year ended 28 February 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04162132
2
Contents Page
Sovereign Medical Health Limited
For the year ended 28 February 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Sovereign Medical Health Limited
As at 28 February 2014
04162132
Registered Number :
£
£
2014
Notes
2013
Current assets
Debtors
52,163
52,781
52,781
52,163
Creditors: amounts falling due within one year
(55,027)
(61,824)
(2,864)
(9,043)
Net current liabilities
Total assets less current liabilities
(9,043)
(2,864)
(9,043)
Net liabilities
(2,864)
Capital and reserves
Called up share capital
2
2
2
Profit and loss account
(9,045)
(2,866)
(9,043)
(2,864)
Shareholders funds
For the year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 26 November 2014
Adam Rubens Director
Signed on behalf of the board of directors
1 of 3
4
Notes to the Abbreviated Financial Statements
Sovereign Medical Health Limited
For the year ended 28 February 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website Cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate 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 foreign exchange differences are included to the profit and loss account.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
2 Share capital
Authorised
1,000 Class A shares of £1.00 each
Allotted called up and fully paid
2014
2013
£
£
2 Class A shares of £1.00 each
2
2
2
2
2 of 3
5
Notes to the Abbreviated Financial Statements
Sovereign Medical Health Limited
For the year ended 28 February 2014
3 of 3