ELITE MEDICAL (UK) LTD
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Notes to the Accounts |
for the year ended 30 April 2019
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2 |
Creditors: amounts falling due within one year |
2019 |
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2018 |
£ |
£ |
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Other creditors |
1,318 |
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1,137 |
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3 |
Other information |
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ELITE MEDICAL (UK) LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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Office1 First Floor 234 Soho Road |
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Handsworth |
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Birmingham |
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B21 9LR |