Abbreviated Company Accounts - MEDGLEN LIMITED

Abbreviated Company Accounts - MEDGLEN LIMITED


Registered Number 04403591

MEDGLEN LIMITED

Abbreviated Accounts

31 March 2014

MEDGLEN LIMITED Registered Number 04403591

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 33,333 38,333
Tangible assets 3 7,355 13,628
40,688 51,961
Current assets
Cash at bank and in hand 23,365 34,100
23,365 34,100
Net current assets (liabilities) 23,365 34,100
Total assets less current liabilities 64,053 86,061
Creditors: amounts falling due after more than one year (92,336) (102,773)
Total net assets (liabilities) (28,283) (16,712)
Capital and reserves
Called up share capital 100 100
Profit and loss account (28,383) (16,812)
Shareholders' funds (28,283) (16,712)
  • For the year ending 31 March 2014 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 15 December 2014

And signed on their behalf by:
B George, Director

MEDGLEN LIMITED Registered Number 04403591

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

2Intangible fixed assets
£
Cost
At 1 April 2013 47,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 47,500
Amortisation
At 1 April 2013 9,167
Charge for the year 5,000
On disposals -
At 31 March 2014 14,167
Net book values
At 31 March 2014 33,333
At 31 March 2013 38,333
3Tangible fixed assets
£
Cost
At 1 April 2013 25,564
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 25,564
Depreciation
At 1 April 2013 11,936
Charge for the year 6,273
On disposals -
At 31 March 2014 18,209
Net book values
At 31 March 2014 7,355
At 31 March 2013 13,628