Polmed Ltd
|
Registered number: |
07321560
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
4,500 |
|
|
5,500 |
Tangible assets |
3 |
|
|
2,043 |
|
|
1,898 |
|
|
|
|
6,543 |
|
|
7,398 |
|
Current assets |
Debtors |
|
|
44,038 |
|
|
9,780 |
Cash at bank and in hand |
|
|
68,317 |
|
|
65,123 |
|
|
|
112,355 |
|
|
74,903 |
|
Creditors: amounts falling due within one year |
|
|
(26,718) |
|
|
(21,115) |
|
Net current assets |
|
|
|
85,637 |
|
|
53,788 |
|
Net assets |
|
|
|
92,180 |
|
|
61,186 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
92,179 |
|
|
61,185 |
|
Shareholder's funds |
|
|
|
92,180 |
|
|
61,186 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
P P Estemberg |
Director |
Approved by the board on 5 July 2016
|
|
Polmed Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
15% reducing balance
|
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
10,000 |
|
At 31 March 2016 |
10,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 April 2015 |
4,500 |
|
Provided during the year |
1,000 |
|
At 31 March 2016 |
5,500 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
4,500 |
|
At 31 March 2015 |
5,500 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
2,710 |
|
Additions |
577 |
|
At 31 March 2016 |
3,287 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
812 |
|
Charge for the year |
432 |
|
At 31 March 2016 |
1,244 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
2,043 |
|
At 31 March 2015 |
1,898 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
Mr P P Estemberg
|
|
Director's current account
|
- |
|
117,492 |
|
(88,874) |
|
28,618 |
|
|
|
- |
|
117,492 |
|
(88,874) |
|
28,618 |
|
|
|
|
|
|
|
|
|