REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 30 SEPTEMBER 2014 |
|
FOR |
|
ROSS WARK MEDICAL LTD. |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS |
|
FOR THE YEAR ENDED 30 SEPTEMBER 2014 |
|
FOR |
|
ROSS WARK MEDICAL LTD. |
ROSS WARK MEDICAL LTD. (REGISTERED NUMBER: SC247119) |
|
|
|
|
|
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2014 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 3 |
ROSS WARK MEDICAL LTD. |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2014 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
|
|
|
|
ROSS WARK MEDICAL LTD. (REGISTERED NUMBER: SC247119) |
|
ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2014 |
|
2014 | 2013 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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. |
|
|
|
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
ROSS WARK MEDICAL LTD. (REGISTERED NUMBER: SC247119) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2014 |
|
1. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis which assumes that the company will |
continue in operational existence for the foreseeable future. The company made a loss after taxation of £39,928 |
during the year ended 30 September 2014 (2013 : loss - £46,488) and at that date its current liabilities exceeded |
its current assets by £534,836 (2013 : £493,065). The company is thus dependent on the continuing financial |
support of its directors and other creditors and meets its day to day working capital requirements. The directors |
are confident of this continuing support and of the company's long term trading prospects and on this basis |
consider it appropriate to prepare the financial statements on the going concern basis. The financial statements |
do not include any adjustments that would result from withdrawal of financial support. |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
Turnover |
Turnover represents the amounts derived from the provision of goods and services which fall within the |
company's ordinary activities and is stated net of Value Added Tax. Revenue is recognised on despatch of goods. |
|
Intangible assets |
Intangible fixed assets consist of patent costs which are being written off evenly over their estimated useful life |
of fifteen years. |
|
Tangible fixed assets |
|
|
Improvements to property | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
|
Deferred tax |
The tax expense represents the sum of the corporation tax and deferred tax charge for the year. |
|
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is |
calculated using the tax rates that have been enacted or substantively enacted by the balance sheet date. |
|
Deferred tax is measured on differences between the carrying amounts of assets and liabilities in the accounts |
and the corresponding tax bases, as used in the computation of taxable profit. Deferred tax liabilities are |
generally recognised for all temporary timing differences that have originated but not reversed by the balance |
sheet date and are not recognised as permanent differences. Deferred tax assets are recognised to the extent that |
it is probable that taxable profits will be available in the future. Deferred tax is calculated at the average tax |
rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on |
tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is |
charged or credited in the profit and loss account, except when it relates to items charged or credited directly to |
equity, in which case the deferred tax is also dealt with in equity.' |
|
Product development |
Expenditure on research and development is written off in the year in which it is incurred . |
|
|
The amount stated for patents represents the cost of acquiring the patents. Amortisation is not provided except |
where the end of the useful economic life of the patent can be foreseen. |
ROSS WARK MEDICAL LTD. (REGISTERED NUMBER: SC247119) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2014 |
|
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2013 |
|
Additions |
|
At 30 September 2014 |
|
AMORTISATION |
Amortisation for year |
|
At 30 September 2014 |
|
NET BOOK VALUE |
|
At 30 September 2014 |
|
At 30 September 2013 |
|
|
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2013 |
|
Additions |
|
At 30 September 2014 |
|
DEPRECIATION |
At 1 October 2013 |
|
Charge for year |
|
At 30 September 2014 |
|
NET BOOK VALUE |
At 30 September 2014 |
|
At 30 September 2013 |
|
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2014 | 2013 |
value: | £ | £ |
|
A Share | £1 |
|
|
|
B Share | £1 |
|
|
103 | 103 |