POWER MED LTD - Filleted accounts

POWER MED LTD
Registered number:		07635850
Balance Sheet
as at 31 May 2017

Notes			2017			2016
£				£
Current assets
Debtors	2	475			-
Cash at bank and in hand		1,654			19,837
		2,129			19,837

Creditors: amounts falling due within one year	3	(750)			(2,034)

Net current assets			1,379			17,803

Net assets			1,379			17,803

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,378			17,802

Shareholder's funds			1,379			17,803

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.




Naila Hayat
Director
Approved by the board on 27 February 2018

POWER MED LTD
Notes to the Accounts
for the year ended 31 May 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.


2	Debtors	2017		2016
£			£

	Other debtors	475		-


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

	Trade creditors	750		750
	Corporation tax	-		1,284
		750		2,034


4	Other information

	POWER MED LTD is a private company limited by shares and incorporated in England. Its registered office is:
	7 Grange Road
	Harrow
	Middlesex
	HA1 2PP

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