Laxmi Medical Ltd - Filleted accounts

LAXMI MEDICAL LIMITED - Company Information

Registered number

08902293

Laxmi Medical Ltd

Filleted Accounts

28 February 2017

Laxmi Medical Ltd
Registered number:		08902293
Balance Sheet
as at 28 February 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		860			1,290

Current assets
Cash at bank and in hand		132,716			71,283

Creditors: amounts falling due within one year	3	(36,352)			(33,765)

Net current assets			96,364			37,518

Net assets			97,224			38,808

Capital and reserves
Called up share capital			100			100
Profit and loss account			97,124			38,708

Shareholders' funds			97,224			38,808

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




0
Director
Approved by the board on 13 November 2017

Laxmi Medical Ltd
Notes to the Accounts
for the year ended 28 February 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years



2	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 March 2016				2,150
	At 28 February 2017				2,150

	Depreciation
	At 1 March 2016				860
	Charge for the year				430
	At 28 February 2017				1,290

	Net book value
	At 28 February 2017				860
	At 29 February 2016				1,290


3	Creditors: amounts falling due within one year		2017		2016
£				£

	Corporation tax		34,748		30,103
	Other taxes and social security costs		238		1,496
	Other creditors		1,366		2,166
			36,352		33,765


4	Other information

	Laxmi Medical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	4 Athelstan Road
	Exeter
	England
	EX1 1SB

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