Company Registration No. 06448715 (England and Wales)
HIGHTREE MEDICAL LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 DECEMBER 2014
HIGHTREE MEDICAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
HIGHTREE MEDICAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 DECEMBER 2014
30 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
44,622
47,595
Tangible assets
2
8,239
10,984
52,861
58,579
Current assets
Stocks
16,900
14,700
Debtors
13,478
10,184
Cash at bank and in hand
11,772
7,025
42,150
31,909
Creditors: amounts falling due within one year
(33,671)
(10,770)
Net current assets
8,479
21,139
Total assets less current liabilities
61,340
79,718
Creditors: amounts falling due after more than one year
(33,780)
(75,580)
Provisions for liabilities
(1,460)
(1,968)
26,100
2,170
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
25,100
1,170
Shareholders' funds
26,100
2,170
HIGHTREE MEDICAL LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 DECEMBER 2014
30 December 2014
- 2 -
For the financial year ended 30 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 5 September 2015
Dr S Trefzer
Director
Company Registration No. 06448715
HIGHTREE MEDICAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 DECEMBER 2014
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for medical services. The company is not registered for VAT.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% - Reducing balance basis
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 31 December 2013 & at 30 December 2014
59,488
38,060
97,548
Depreciation
At 31 December 2013
11,894
27,075
38,969
Charge for the year
2,972
2,746
5,718
At 30 December 2014
14,866
29,821
44,687
Net book value
At 30 December 2014
44,622
8,239
52,861
At 30 December 2013
47,595
10,984
58,579
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
HIGHTREE MEDICAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 DECEMBER 2014
- 4 -
4
Related party relationships and transactions
Other transactions
At the Balance Sheet date, the company owed Dr S Trefzer, the director, £23768 (2013 - £98). The loan was interest free and has no fixed date of repayment.