AMAZON MEDICAL LIMITED

AMAZON MEDICAL LIMITED

AMAZON MEDICAL LIMITED - Company Information

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AMAZON MEDICAL LIMITED

Company Registration Number:
03102071 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2020

Period of accounts

Start date: 01 May 2019

End date: 30 April 2020

AMAZON MEDICAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2020

Balance sheet
Notes

AMAZON MEDICAL LIMITED

Balance sheet

As at 30 April 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 100 100
Total fixed assets: 100 100
Current assets
Stocks: 151,056 171,504
Debtors:   108,681 123,692
Cash at bank and in hand: 20,476 533
Total current assets: 280,213 295,729
Creditors: amounts falling due within one year: 4 (404,028) (320,616)
Net current assets (liabilities): (123,815) (24,887)
Total assets less current liabilities: (123,715) (24,787)
Creditors: amounts falling due after more than one year:   (151,602) (152,911)
Total net assets (liabilities): (275,317) (177,698)
Capital and reserves
Called up share capital: 25,000 25,000
Profit and loss account: (300,317) (202,698)
Shareholders funds: (275,317) (177,698)

The notes form part of these financial statements

AMAZON MEDICAL LIMITED

Balance sheet statements

For the year ending 30 April 2020 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 June 2021
and signed on behalf of the board by:

Name: S Turner
Status: Director

The notes form part of these financial statements

AMAZON MEDICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.

Tangible fixed assets and depreciation policy

Fixed assets are carried at cost less accumulated depreciation and accumulatedimpairment losses.Depreciation is calculated so as to write off the cost orvaluation of an asset, less its residual value, over their estimated useful lives as follows:Plant, machinery, fixtures, fittings and office equipment: 20% - 25% straight lineOn disposal, the difference between the net disposal proceeds and the carrying amount of the itemsold is recognised in profit or loss, and included in other operating income.

Other accounting policies

Going concern: At the 30 April 2020 the company had net liabilities of £275,317 (2019: 177,698) and made a loss for the year of £97,619 (2019: £41,209). The company is reliant on funding from the director which will continue for the foreseeable future. The director therefore considers the company to be a going concern and has adopted the going concern basis of accounting in preparing these financial statements.Stock: Stocks are stated at the lower of cost and net resistible value, being the estimated selling price less costs to sell. Cost is based on the cost of purchase on a first in first out basis.Financial instruments: Financial liabilities and equity are classified according to the substance of the financial instruments contractual obligations, rather than its legal form. The company's cash at bank and in hand and trade and other debtors and its trade and other creditors and bank overdrafts are measured initially at the transaction price, including transaction costs and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

AMAZON MEDICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

2. Employees

2020 2019
Average number of employees during the period 3 3

AMAZON MEDICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

3. Tangible Assets

Total
Cost £
At 01 May 2019 61,723
At 30 April 2020 61,723
Depreciation
At 01 May 2019 61,623
At 30 April 2020 61,623
Net book value
At 30 April 2020 100
At 30 April 2019 100

AMAZON MEDICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

4. Creditors: amounts falling due within one year note

Other creditors of £47,216 (2019: £36,510) are secured on trade debtors.

AMAZON MEDICAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2020

5. Loans to directors

Loan from S L Turner: Balance at 30 April 2020 was £95,655 (2019: £96,964). Amounts of £1,309 were repaid during the year.