REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 31ST MARCH 2015 |
|
FOR |
|
VERITY MEDICAL LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 31ST MARCH 2015 |
|
FOR |
|
VERITY MEDICAL LIMITED |
VERITY MEDICAL LIMITED (REGISTERED NUMBER: 03515848) |
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2015 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Abbreviated Balance Sheet | 1 |
|
Notes to the Abbreviated Accounts | 3 |
VERITY MEDICAL LIMITED (REGISTERED NUMBER: 03515848) |
|
ABBREVIATED BALANCE SHEET |
31ST MARCH 2015 |
|
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 3 |
|
|
Share premium |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
VERITY MEDICAL LIMITED (REGISTERED NUMBER: 03515848) |
|
ABBREVIATED BALANCE SHEET - continued |
31ST MARCH 2015 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
by: |
|
|
|
|
|
|
|
VERITY MEDICAL LIMITED (REGISTERED NUMBER: 03515848) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2015 |
|
|
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 revenue generated by the company's operating activities, excluding value added tax. |
|
Tangible fixed assets |
|
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods |
different from those in which they are included in the company's accounts. Deferred tax is provided in full on |
timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates |
that are expected to apply when the timing differences reverse, based on current tax rates and laws. |
|
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
|
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
|
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. |
VERITY MEDICAL LIMITED (REGISTERED NUMBER: 03515848) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2015 |
|
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2014 |
|
Additions |
|
At 31st March 2015 |
|
DEPRECIATION |
At 1st April 2014 |
|
Charge for year |
|
At 31st March 2015 |
|
NET BOOK VALUE |
At 31st March 2015 |
|
At 31st March 2014 |
|
|
3. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
|
Ordinary A | £1 |
|
|
|
Ordinary B | £1 |
|
|
53,556 | 53,556 |