Abbreviated Company Accounts - PHARM MEDICA LIMITED

Abbreviated Company Accounts - PHARM MEDICA LIMITED

PHARM MEDICA LIMITED - Company Information

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Registered Number 01594946

PHARM MEDICA LIMITED

Abbreviated Accounts

30 April 2014

PHARM MEDICA LIMITED Registered Number 01594946

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 6,277 9,264
Tangible assets 3 10,336 14,350
16,613 23,614
Current assets
Stocks 298,692 268,655
Debtors 501,755 529,415
Cash at bank and in hand 389,270 109,246
1,189,717 907,316
Creditors: amounts falling due within one year (959,176) (694,046)
Net current assets (liabilities) 230,541 213,270
Total assets less current liabilities 247,154 236,884
Creditors: amounts falling due after more than one year (46,103) (75,450)
Total net assets (liabilities) 201,051 161,434
Capital and reserves
Called up share capital 100 100
Profit and loss account 200,951 161,334
Shareholders' funds 201,051 161,434
  • For the year ending 30 April 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 30 January 2015

And signed on their behalf by:
Mr Dhimantkumar Dahyabhai Patel, Director

PHARM MEDICA LIMITED Registered Number 01594946

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. depreciation is provided at rates calculated to write off the cost less estimated value of each asset over its expected useful life , as follows:
land and building leasehold 5% cost
Fixtures fittings & equipment 20% reducing balance

2Intangible fixed assets
£
Cost
At 1 May 2013 59,729
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2014 59,729
Amortisation
At 1 May 2013 50,465
Charge for the year 2,987
On disposals -
At 30 April 2014 53,452
Net book values
At 30 April 2014 6,277
At 30 April 2013 9,264
3Tangible fixed assets
£
Cost
At 1 May 2013 166,931
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2014 166,931
Depreciation
At 1 May 2013 152,581
Charge for the year 4,014
On disposals -
At 30 April 2014 156,595
Net book values
At 30 April 2014 10,336
At 30 April 2013 14,350