Registered Number 06863665

COMPANY MEDICAL LIMITED

Abbreviated Accounts

31 March 2013

COMPANY MEDICAL LIMITED Registered Number 06863665

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 2,525 1,370
Investments 3 9,391 9,705
11,916 11,075
Current assets
Debtors 25,096 25,882
Cash at bank and in hand 37,471 53,147
62,567 79,029
Creditors: amounts falling due within one year (25,498) (20,417)
Net current assets (liabilities) 37,069 58,612
Total assets less current liabilities 48,985 69,687
Provisions for liabilities (530) (288)
Total net assets (liabilities) 48,455 69,399
Capital and reserves
Called up share capital 4 100 100
Other reserves (314) -
Profit and loss account 48,669 69,299
Shareholders' funds 48,455 69,399
  • For the year ending 31 March 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 June 2013

And signed on their behalf by:
Michael Coolican, Director

COMPANY MEDICAL LIMITED Registered Number 06863665

Notes to the Abbreviated Accounts for the period ended 31 March 2013

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. and derives from the provision of goods and services falling within the company's ordinary activities. Other income is recognised in the period to which it relates.

Tangible assets depreciation policy
Fixtures,fittings and equipment - 25% reducing balance

Other accounting policies
Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year


Deffered taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 April 2012 2,251
Additions 1,855
Disposals (139)
Revaluations -
Transfers -
At 31 March 2013 3,967
Depreciation
At 1 April 2012 881
Charge for the year 642
On disposals (81)
At 31 March 2013 1,442
Net book values
At 31 March 2013 2,525
At 31 March 2012 1,370

3Fixed assets Investments
Fixed asset investments are stated at market value

4Called Up Share Capital
Allotted, called up and fully paid:
2013
£
2012
£
100 Ordinary shares of £1 each 100 100

5Transactions with directors

Name of director receiving advance or credit: Michael Coolican
Description of the transaction: Interest free loan
Balance at 1 April 2012: £ 6,602
Advances or credits made: £ 3,200
Advances or credits repaid: -
Balance at 31 March 2013: £ 9,802

The following directors were paid the following dividends in the year:

Michael Coolican £55,291 (2012 £46,711)
Anastasia Coolican £53,122 (2012 £44,879)