REGISTERED NUMBER:
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Universal Medicine UK |
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Unaudited Financial Statements for the Year Ended 31 December 2015 |
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REGISTERED NUMBER:
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Universal Medicine UK |
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Unaudited Financial Statements for the Year Ended 31 December 2015 |
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Universal Medicine UK (Registered number: 06598012)
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Contents of the Financial Statements
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for the Year Ended 31 December 2015
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Page
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Company Information
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1
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Abridged Statement of Financial Position
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2
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Notes to the Financial Statements
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4
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Universal Medicine UK
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Company Information
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for the Year Ended 31 December 2015
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DIRECTOR:
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REGISTERED OFFICE:
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REGISTERED NUMBER:
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ACCOUNTANTS:
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Chartered Accountants
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4 King Square
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Bridgwater
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Somerset
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TA6 3YF
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BANKERS:
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25 Cheap Street
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Frome
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Somerset
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BA11 1BW
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Universal Medicine UK (Registered number: 06598012)
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Abridged Statement of Financial Position
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31 December 2015
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31.12.15
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31.12.14
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Notes
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£
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£
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£
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£
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FIXED ASSETS
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Tangible assets
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4
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CURRENT ASSETS
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Stocks
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Debtors: amounts falling due within one year
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Cash at bank
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CREDITORS
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Amounts falling due within one year
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NET CURRENT LIABILITIES
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(
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(
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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(
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(
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RESERVES
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Income and expenditure account
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(
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(
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(
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(
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The director acknowledges her 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 surplus or deficit 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 Comprehensive Income has not been delivered.
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Universal Medicine UK (Registered number: 06598012)
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Abridged Statement of Financial Position - continued
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31 December 2015
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The financial statements were approved by the director on
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Universal Medicine UK (Registered number: 06598012)
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Notes to the Financial Statements
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for the Year Ended 31 December 2015
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1.
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STATUTORY INFORMATION
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Universal Medicine UK is a
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company's registered number and registered office address can be found on the Company Information page.
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2.
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STATEMENT OF COMPLIANCE
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3.
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ACCOUNTING POLICIES
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Basis of preparing the financial statements
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These financial statements for the year ended 31 December 2015 are the first financial statements that comply
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with FRS 102. The date of transition is 1 January 2014.
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The transition to FRS 102 has resulted in some changes to accounting policies to those previously used by the
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entity. The nature of these changes and their impact on opening equity and profit for the comparative year are
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explained in the financial statements.
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The financial statements have been prepared on a going concern basis, which assumes the continued support of
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the company's directors.
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Turnover
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Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets
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Plant and machinery etc
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33% on cost and 20% on cost
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Stocks
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Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax
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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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Foreign currencies
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Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
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Universal Medicine UK (Registered number: 06598012)
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Notes to the Financial Statements - continued
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for the Year Ended 31 December 2015
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4.
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TANGIBLE FIXED ASSETS
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Totals
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£
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COST
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At 1 January 2015
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Additions
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At 31 December 2015
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DEPRECIATION
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At 1 January 2015
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Charge for year
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At 31 December 2015
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NET BOOK VALUE
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At 31 December 2015
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At 31 December 2014
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5.
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LIMITED BY GUARANTEE
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The company is limited by guarantee and does not have a share capital. The liability of the members in the event
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of the company being liquidated is limited to one pound per member.
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