Smerud Medical Research UK Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05844549 (England and Wales)

SMERUD MEDICAL RESEARCH UK LIMITED

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr K Smerud

SECRETARY:

Mrs H K Smerud

REGISTERED OFFICE:

Suite 11NB Trafford House

Chester Road

Old Trafford

Manchester

M32 0RS

REGISTERED NUMBER:

05844549 (England and Wales)

ACCOUNTANTS:

Whitehead & Co

Chartered Accountants

Registered Auditor

40 Lord Street

Stockport

Cheshire

SK1 3NA

FIXED ASSETS

Tangible assets

2

1

272

CURRENT ASSETS

Debtors

296,486

171,871

Cash at bank and in hand

25,687

4,348

322,173

176,219

CREDITORS

Amounts falling due within one year

220,267

130,756

NET CURRENT ASSETS

101,906

45,463

TOTAL ASSETS LESS CURRENT LIABILITIES

101,907

45,735

CREDITORS

Amounts falling due after more than one year

206,650

130,000

NET LIABILITIES

(104,743

)

(84,265

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(104,744

)

(84,266

)

SHAREHOLDERS' FUNDS

(104,743

)

(84,265

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 4 July 2014 and were signed by:

Mr K Smerud - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33.33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

12,802

DEPRECIATION

At 1 January 2013

12,530

Charge for year

271

At 31 December 2013

12,801

NET BOOK VALUE

At 31 December 2013

1

At 31 December 2012

272

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

0.01

1

1

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K Smerud.