Registered number
03596334
Lindare Medical Limited
Abbreviated Accounts
31 March 2013
Lindare Medical Limited
Registered number: 03596334
Abbreviated Balance Sheet
as at 31 March 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 193,681 116,106
Current assets
Stocks 423,152 285,183
Debtors 219,659 234,662
Cash at bank and in hand 98,142 82,248
740,953 602,093
Creditors: amounts falling due within one year (392,013) (259,147)
Net current assets 348,940 342,946
Total assets less current liabilities 542,621 459,052
Creditors: amounts falling due after more than one year (8,219) (16,607)
Provisions for liabilities (21,720) (21,994)
Net assets 512,682 420,451
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 512,582 420,351
Shareholders' funds 512,682 420,451
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
M P Kyne
Director
Approved by the board on 16 October 2013
Lindare Medical Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2013
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 April 2008).
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 25% reducing balance
Motor vehicles 10% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 April 2012 226,953
Additions 137,188
At 31 March 2013 364,141
Depreciation
At 1 April 2012 110,847
Charge for the year 59,613
At 31 March 2013 170,460
Net book value
At 31 March 2013 193,681
At 31 March 2012 116,106
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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