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REGISTERED NUMBER:
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MEDTECH MARKETS LTD |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2017 |
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REGISTERED NUMBER:
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MEDTECH MARKETS LTD |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2017 |
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MEDTECH MARKETS LTD (REGISTERED NUMBER: 09218042) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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MEDTECH MARKETS LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 28TH FEBRUARY 2017 |
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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 |
923 Finchley Road |
London |
NW11 7PE |
MEDTECH MARKETS LTD (REGISTERED NUMBER: 09218042) |
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STATEMENT OF FINANCIAL POSITION |
28TH FEBRUARY 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 | 7 |
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Retained earnings | 8 | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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MEDTECH MARKETS LTD (REGISTERED NUMBER: 09218042) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28TH FEBRUARY 2017 |
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1. | STATUTORY INFORMATION |
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Medtech Markets Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Website | - |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Going concern |
The directors have undertaken not to withdraw their support from the company without ensuring alternative |
funding is in place. They will ensure that the company remains able to meet all its liabilities for the foreseeable |
future. For these reasons, the directors believe that it is correct to prepare these accounts on a going concern |
basis |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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MEDTECH MARKETS LTD (REGISTERED NUMBER: 09218042) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28TH FEBRUARY 2017 |
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4. | TANGIBLE FIXED ASSETS |
Website |
£ |
COST |
At 1st March 2016 |
and 28th February 2017 |
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DEPRECIATION |
At 1st March 2016 |
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Charge for year |
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At 28th February 2017 |
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NET BOOK VALUE |
At 28th February 2017 |
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At 29th February 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
VAT |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
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Directors' current accounts | 10,858 | 10,650 |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
MEDTECH MARKETS LTD (REGISTERED NUMBER: 09218042) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28TH FEBRUARY 2017 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1st March 2016 | ( |
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Deficit for the year | ( |
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At 28th February 2017 | ( |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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