MK Medicals Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05382024 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2014

for

MK Medicals Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R A Simpson

Mrs R J Simpson

SECRETARY:

Mrs R J Simpson

REGISTERED OFFICE:

42 Pitt Street

Barnsley

South Yorkshire

S70 1BB

REGISTERED NUMBER:

05382024 (England and Wales)

ACCOUNTANTS:

Paul Howley & Co Limited

Chartered Certified Accountants

42 Pitt Street

Barnsley

South Yorkshire

S70 1BB

FIXED ASSETS

Tangible assets

2

5,352

7,531

CURRENT ASSETS

Debtors

20,324

19,694

Cash at bank

913

4,070

21,237

23,764

CREDITORS

Amounts falling due within one year

6,183

7,188

NET CURRENT ASSETS

15,054

16,576

TOTAL ASSETS LESS CURRENT LIABILITIES

20,406

24,107

PROVISIONS FOR LIABILITIES

1,071

1,506

NET ASSETS

19,335

22,601

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

19,235

22,501

SHAREHOLDERS' FUNDS

19,335

22,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 December 2014 and were signed on its behalf by:

R A Simpson - Director

Mrs R J Simpson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the sale of professional services net of value added tax.

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

-

33% on cost and 20% on reducing balance

Deferred tax

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

27,724

DEPRECIATION

At 1 April 2013

20,193

Charge for year

2,179

At 31 March 2014

22,372

NET BOOK VALUE

At 31 March 2014

5,352

At 31 March 2013

7,531

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100