REGISTERED NUMBER:
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Bishop Medical Supplies Ltd |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2014 |
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REGISTERED NUMBER:
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Bishop Medical Supplies Ltd |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2014 |
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Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 6 |
Bishop Medical Supplies Ltd |
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Company Information |
for the Year Ended 31 December 2014 |
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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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Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Abbreviated Balance Sheet |
31 December 2014 |
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2014 | 2013 |
Notes | $ | $ | $ | $ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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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 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Share premium |
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Profit and loss account |
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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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Abbreviated Balance Sheet - continued |
31 December 2014 |
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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 Abbreviated Accounts |
for the Year Ended 31 December 2014 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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 is intending to |
cease to be resident on the 1st October 2011. |
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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). |
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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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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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A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available |
evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the |
future reversal of the underlying timing differences can be deducted. |
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Deferred tax is measured on a non-discounted basis, at the average tax rates that are expected to apply in the |
periods in which the timing differences are expected to reverse, based on tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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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 2010. Exchange differences are taken into account in |
arriving at the operating result. |
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The exception to the above accounting policy is where a transaction is to be settled at a contracted rate, that |
rate shall be used. Where a transaction is covered by a related or matching forward contract, the rate of |
exchange specified in that contract maybe used. |
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Investments |
Fixed asset investments are stated at cost. |
Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2014 |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
$ |
COST |
At 1 January 2014 |
and 31 December 2014 | 1,454,639 |
NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Country of incorporation:
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Nature of business:
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Class of shares: | holding |
Ordinary | 85.00 |
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$ | $ |
Aggregate capital and reserves | 1,782,278 | 1,836,870 |
Profit for the year | 303,291 | 255,567 |
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Country of incorporation: Belarus |
Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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$ | $ |
Aggregate capital and reserves | 2,662,785 | 4,395,483 |
(Loss)/profit for the year | (870,127 | ) | 670,063 |
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3. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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The aggregate total of debtors falling due after more than one year is $
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Bishop Medical Supplies Ltd (Registered number: 03894113) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2014 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | $ | $ |
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Ordinary | £1 |
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5. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the shareholders. |