MEDICAL WORLD LIMITED | |
UNAUDITED FINANCIAL STATEMENTS | |
FOR THE YEAR ENDED 31 JANUARY 2019 | |
MEDICAL WORLD LIMITED | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 JANUARY 2019 | |||
DIRECTORS | |||
L J Turner | |||
J M Turner | |||
SECRETARY | |||
L J Turner | |||
REGISTERED OFFICE | |||
9 Swan Lane Industrial Estate Swan Lane West Bromwich B70 0NU |
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COMPANY REGISTERED NUMBER | |||
02997316 | |||
BANKERS | |||
Lloyds Bank plc High Street West Bromwich West Midlands |
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ACCOUNTANTS | |||
Lyness Accountancy Practice Limited | |||
Chartered Certified Accountants | |||
78 Birmingham Street Oldbury West Midlands B69 4EB |
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page 1 | |
MEDICAL WORLD LIMITED | |||
FINANCIAL STATEMENTS | |||
FOR THE YEAR ENDED 31 JANUARY 2019 | |||
CONTENTS | |||
Pages | |||
3 | Statement of Financial Position | ||
4-7 | Notes to the Financial Statements | ||
page 2 | |
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Company registered number: |
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STATEMENT OF FINANCIAL POSITION AT |
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Note | 2019 | 2018 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Property, plant and equipment | 3 |
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CURRENT ASSETS | |||||
Inventories |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 6 | ( |
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NET ASSETS | £ |
£ |
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CAPITAL AND RESERVES | |||||
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS | £ |
£ |
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In approving these financial statements as directors of the company we hereby confirm the following: | |||
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
The financial statements were approved and authorised for issue by the board of directors on |
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Signed on behalf of the board of directors | |||
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The notes on pages 4-7 form part of these financial statements | |
page 3 | |
MEDICAL WORLD LIMITED | |||
NOTES TO THE ACCOUNTS | |||
FOR THE YEAR ENDED 31 JANUARY 2019 |
1. | SIGNIFICANT ACCOUNTING POLICIES | ||
1a. | Statement of compliance | |||
Medical World Limited, company number 02997316 is a private company limited by shares incorporated in |
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Registered office: | ||||
Swan Lane West Bromwich B70 0NU |
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1b. | Basis of accounting | |||
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1c. | Revenue recognition | |||
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1d. | Taxation | |||
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1e. | Property, plant and equipment | ||
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Plant and machinery |
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Vehicles |
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Fixtures and fittings |
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Equipment |
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1f. | Inventories | |||
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1g. | Short term debtors and creditors | |||
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The notes on pages 4-7 form part of these financial statements | |
page 4 | |
MEDICAL WORLD LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JANUARY 2019 |
1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) |
1h. | Interest bearing borrowings | |||
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1i. | Leased assets | |||
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1j. | Foreign currencies | |||
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1k. | Employee benefits | |||
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2. | DIRECTORS AND EMPLOYEES | ||
The average weekly number of employees during the year were as follows: | |||
2019 | 2018 | ||
No. | No. | ||
Average number of employees |
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The notes on pages 4-7 form part of these financial statements | |
page 5 | |
MEDICAL WORLD LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JANUARY 2019 |
3. | PROPERTY, PLANT AND EQUIPMENT | |||
Plant & | Fixtures & | |||
Machinery | Equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 February 2018 |
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Additions |
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At 31 January 2019 |
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Depreciation | ||||
At 1 February 2018 |
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For the year |
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At 31 January 2019 |
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Net Book Amounts | ||||
At 31 January 2019 |
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At 31 January 2018 |
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4. | DEBTORS | 2019 | 2018 |
£ | £ | ||
Trade debtors |
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Other debtors |
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£ |
£ |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
2019 | 2018 | ||
£ | £ | ||
Bank loans and overdrafts | 43,866 | 12,000 | |
Trade creditors |
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Other taxes and social security |
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Other creditors |
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Accruals and deferred income |
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£ |
£ |
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The notes on pages 4-7 form part of these financial statements | |
page 6 | |
MEDICAL WORLD LIMITED | |||
NOTES TO THE ACCOUNTS (CONT.) | |||
FOR THE YEAR ENDED 31 JANUARY 2019 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR | ||
2019 | 2018 | ||
£ | £ | ||
Bank loans and overdrafts |
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£ |
£ |
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Analysis of borrowings: | |||
Due within five years: | |||
within 1 year | |||
bank |
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within 1-2 years | |||
bank |
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within 2-5 years | |||
bank |
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£33,000 | £45,000 | ||
The notes on pages 4-7 form part of these financial statements | |
page 7 |