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Abbreviated Unaudited Accounts for the Year Ended 30 September 2016 |
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Skidmore Medical Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 September 2016 |
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Skidmore Medical Limited |
Skidmore Medical Limited (Registered number: 05228178) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 September 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Skidmore Medical Limited |
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Company Information |
for the Year Ended 30 September 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Skidmore Medical Limited (Registered number: 05228178) |
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Abbreviated Balance Sheet |
30 September 2016 |
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30.9.16 | 30.9.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash in hand |
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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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( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
Skidmore Medical Limited (Registered number: 05228178) |
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Abbreviated Balance Sheet - continued |
30 September 2016 |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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Skidmore Medical Limited (Registered number: 05228178) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 September 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis which assumes the continued support of |
the company's bankers and director. |
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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 January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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The turnover shown in the profit and loss account represents amounts invoiced during the year, |
exclusive of Value Added Tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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All fixed assets are initially recorded at cost. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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 where transactions or events have occured at the date that will result in |
an obligation to pay more, or a right to pay less or to receive more tax, with the following |
exceptions: |
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Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of |
fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement |
assets, only to the extent that, at the balance sheet date, there is binding agreement to dispose of |
the assets concerned. |
However, no provision is made where, on the basis of all available evidence at the balance sheet |
date, it is more likely than not that the taxable gain will be rolled over into replacement assets and |
charged to tax only where the replacement assets are sold. |
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Deferred tax assets are recognised only to the extent that the directors consider that it is 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 an undiscounted basis at the tax rates that are expected to apply in the |
periods in which the timing differences reverse, based on the tax rates and laws enacted or |
substantively enacted at the balance sheet date. |
Skidmore Medical Limited (Registered number: 05228178) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 September 2016 |
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1. | ACCOUNTING POLICIES - continued |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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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. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2015 |
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Additions |
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Disposals | ( |
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At 30 September 2016 |
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DEPRECIATION |
At 1 October 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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At 30 September 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.16 | 30.9.15 |
value: | £ | £ |
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Ordinary | £1 |
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