Registered Number NI071724
MEDEQUIP LOGISTICS LTD
Abbreviated Accounts
28 February 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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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 |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.
The financial statements have been prepared under the historical cost convention, and on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The validity of the going concern assumption depends on the continuing support of the company's shareholder and bankers.
The bankers are happy to continue to provide facilities to the company. The company's shareholder has also confirmed his intention to continue to provide financial support to enable it to discharge its liabilities in the foreseeable future and in particular for at least the next twelve months. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.
The financial statements do not contain any adjustments that would result from a withdrawal of facilities by the company's bankers or of the shareholder's financial support.
Cash flow statement
The director has taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Motor Vehicles - 25% reducing balance
Equipment - 25% reducing balance
£ | |
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Cost | |
At 1 March 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 February 2015 |
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Depreciation | |
At 1 March 2014 |
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Charge for the year |
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On disposals |
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At 28 February 2015 |
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Net book values | |
At 28 February 2015 | 0 |
At 28 February 2014 | 3,664 |