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REGISTERED NUMBER:
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Bishop Medical Supplies Ltd |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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REGISTERED NUMBER:
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Bishop Medical Supplies Ltd |
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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 6 |
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Bishop Medical Supplies Ltd |
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Company Information |
for the Year Ended 31 December 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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22 Billet Street |
Taunton |
Somerset |
TA1 3NG |
Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Balance Sheet |
31 December 2016 |
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2016 | 2015 |
Notes | $ | $ | $ | $ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Other reserves | ( |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Balance Sheet - continued |
31 December 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Bishop Medical Supplies Ltd is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on the going concern basis, which assumes that the |
company will continue in operational existence for the foreseeable future. This assumption relies on |
the continued support of the company's parent undertaking. If the company were unable to continue in |
operational existence, adjustments would have to be made to reclassify fixed assets and long term |
liabilities as current assets and liabilities respectively and to make provision for additional costs |
which may arise. The company ceased to be resident on the 1st October 2011. |
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Preparation of consolidated financial statements |
The financial statements contain information about Bishop Medical Supplies Ltd as an individual |
company and do not contain consolidated financial information as the parent of a group. The company |
has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated |
financial statements. |
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Turnover |
Turnover represents the total invoice value of commissions receivable during the year. The turnover is |
wholly derived from activities outside the UK. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable |
profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into US dollars at the rates of exchange |
ruling at the balance sheet date. Transactions in foreign currencies are translated into US dollars at |
the average rate of exchange ruling during the year ended 31st December 2016. Exchange differences |
are taken into account in arriving at the operating result. |
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Investments |
Fixed asset investments are stated at cost. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
$ |
COST |
At 1 January 2016 |
and 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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4. | DEBTORS |
2016 | 2015 |
$ | $ |
Amounts falling due within one year: |
Trade debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
$ | $ |
Taxation and social security |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2016 | 2015 |
$ | $ |
Other creditors |
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7. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the shareholders. |