Company Registration No. 07964163 (England and Wales)
NORTH EAST ORTHOPAEDIC SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
NORTH EAST ORTHOPAEDIC SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
NORTH EAST ORTHOPAEDIC SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
12,833
26,833
Tangible assets
2
2,886
3,876
15,719
30,709
Current assets
Debtors
6,550
3,304
Cash at bank and in hand
53,490
42,397
60,040
45,701
Creditors: amounts falling due within one year
(74,468)
(70,369)
Net current liabilities
(14,428)
(24,668)
Total assets less current liabilities
1,291
6,041
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
1,191
5,941
Shareholders' funds
1,291
6,041
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 9 December 2016
Mr B J Fourie
Director
Company Registration No. 07964163
NORTH EAST ORTHOPAEDIC SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
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 January 2015).
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 consultancy fees receivable.
consultancy fees receivable.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
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:
Computer equipment
20% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
70,000
4,948
74,948
Depreciation
At 1 April 2015
43,167
1,072
44,239
Charge for the year
14,000
990
14,990
At 31 March 2016
57,167
2,062
59,229
Net book value
At 31 March 2016
12,833
2,886
15,719
At 31 March 2015
26,833
3,876
30,709
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100