Abbreviated Company Accounts - M.E.D.A INTL LIMITED

M.E.D.A INTL LIMITED - Company Information

Registered Number 02184183

M.E.D.A INTL LIMITED

Abbreviated Accounts

28 February 2015

M.E.D.A INTL LIMITED Registered Number 02184183

Abbreviated Balance Sheet as at 28 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	134,400	143,360
Tangible assets	3	49,893	75,720
		184,293	219,080
Current assets
Stocks		40,000	-
Debtors		651,529	399,550
Cash at bank and in hand		-	55,673
		691,529	455,223
Creditors: amounts falling due within one year		(579,790)	(531,969)
Net current assets (liabilities)		111,739	(76,746)
Total assets less current liabilities		296,032	142,334
Creditors: amounts falling due after more than one year		(39,969)	(64,948)
Total net assets (liabilities)		256,063	77,386
Capital and reserves
Called up share capital		225,000	225,000
Share premium account		28,150	28,150
Profit and loss account		2,913	(175,764)
Shareholders' funds		256,063	77,386

For the year ending 28 February 2015 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 2 April 2015

And signed on their behalf by:
J R M Baines, Director

M.E.D.A INTL LIMITED Registered Number 02184183

Notes to the Abbreviated Accounts for the period ended 28 February 2015

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 January 2015.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods and services
provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Office and computer equipment 33% on cost
Fixtures and fittings at varying rates on costs
Motor vehicles 33% on cost

Intangible assets amortisation policy
Goodwill Over 20 years

Other accounting policies
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.

2Intangible fixed assets

	£
Cost
At 1 March 2014	192,436
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2015	192,436
Amortisation
At 1 March 2014	49,076
Charge for the year	8,960
On disposals	-
At 28 February 2015	58,036
Net book values
At 28 February 2015	134,400
At 28 February 2014	143,360

3Tangible fixed assets

	£
Cost
At 1 March 2014	177,584
Additions	38,931
Disposals	(54,252)
Revaluations	-
Transfers	-
At 28 February 2015	162,263
Depreciation
At 1 March 2014	101,864
Charge for the year	46,290
On disposals	(35,784)
At 28 February 2015	112,370
Net book values
At 28 February 2015	49,893
At 28 February 2014	75,720