Cumberland Medical Services Ltd - Limited company - abbreviated

REGISTERED NUMBER: 02914419 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

FOR

CUMBERLAND MEDICAL SERVICES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

Mrs K S Olsen

Mrs S L Clark

Mr R J B McLoughlin

Mr W F McLoughlin

SECRETARY:

Mrs S L Clark

REGISTERED OFFICE:

121 Wellington Road South

Stockport

Cheshire

SK1 3TH

REGISTERED NUMBER:

02914419 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

2

289,664

290,467

CURRENT ASSETS

Stocks

2,208

5,528

Debtors

604,922

273,761

Cash at bank and in hand

56,932

282,333

664,062

561,622

CREDITORS

Amounts falling due within one year

49,775

95,613

NET CURRENT ASSETS

614,287

466,009

TOTAL ASSETS LESS CURRENT
LIABILITIES

903,951

756,476

CREDITORS

Amounts falling due after more than one
year

(190,000

)

(190,000

)

PROVISIONS FOR LIABILITIES

(2,507

)

(2,574

)

NET ASSETS

711,444

563,902

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

711,344

563,802

SHAREHOLDERS' FUNDS

711,444

563,902

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 17th December 2014 and were signed on its behalf
by:

Mrs S L Clark - 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 net invoiced services, excluding 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 & machinery

-

15% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

398,775

Additions

2,107

At 31st March 2014

400,882

DEPRECIATION

At 1st April 2013

108,308

Charge for year

2,910

At 31st March 2014

111,218

NET BOOK VALUE

At 31st March 2014

289,664

At 31st March 2013

290,467

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

76

Ordinary 'A'

£1

76

12

Ordinary 'B'

£1

12

Ordinary 'C'

£1

12

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2014 and

31st March 2013:

2014

2013

£

Mrs S L Clark

Balance outstanding at start of year

-

Amounts advanced

514,181

-

Amounts repaid

-

Balance outstanding at end of year

514,181

-

£350,000 was repaid to the company on 22nd December 2014.

Cumberland Medical Services Ltd - Limited company - abbreviated - 11.6

Cumberland Medical Services Ltd - Limited company - abbreviated - 11.6