2015 Companies House Accounts - pinacle (P15IXCHSE)

2015 Companies House Accounts - pinacle (P15IXCHSE)

PRIME MEDICALS LIMITED - Company Information

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4287166 uk-gaap:PositiveGoodwill 2015-09-30 4287166 uk-gaap:LandBuildings 2015-09-30 4287166 uk-gaap:LeasedTangibleFixedAssets 2015-09-30 4287166 uk-gaap:LongLeaseholdProperties 2015-09-30 4287166 uk-gaap:Vehicles 2015-09-30 4287166 uk-gaap:MotorVehicles 2015-09-30 4287166 uk-gaap:OtherIntangibleFixedAssets 2015-09-30 4287166 uk-gaap:OtherTangibleFixedAssets 2015-09-30 4287166 uk-gaap:PlantMachinery 2015-09-30 4287166 uk-gaap:ShortLeaseholdProperties 2015-09-30 4287166 uk-bus:EntityAccountantsOrAuditors 2015-09-30 4287166 uk-bus:RegisteredOffice 2015-09-30 xbrli:pure iso4217:GBP xbrli:shares
                                                                                                                                                                           
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                                                                           
PRIME MEDICALS LTD
 
 
 
 
 
 
ABBREVIATED ACCOUNTS
 
 
 
 
 
YEAR ENDED 30 SEPTEMBER 2015
 
 
 
 
 
 
 
 
 
 
 
COMPANY REGISTRATION NUMBER - 4287166
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                                                                                                                           
 
                                                                                                                                                                           
1 .
PRIME MEDICALS LTD
Company Number - 4287166
 
ABBREVIATED BALANCE SHEET
 
30 September 2015
 
2015 2014
Notes £ £ £ £
 
FIXED ASSETS
 
Tangible assets 2 39,061 46,723
 
CURRENT ASSETS
 
Stocks 273,066 265,524
Debtors 3 1,813,803 2,556,178
Cash at Bank 1,107,772 134,473
3,194,641 2,956,175
CURRENT LIABILITIES
 
CREDITORS - Amounts falling
due within one year 413,091 270,796
NET CURRENT ASSETS 2,781,550 2,685,379
NET ASSETS 2,820,611 2,732,102
 
CAPITAL AND RESERVES
 
Called up share capital 4 10 10
Profit and loss account 2,820,601 2,732,092
SHAREHOLDERS' FUNDS 2,820,611 2,732,102
 
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
For the financial year ended 30 September 2015, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.
The members have not required the company to obtain an audit.
 
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
 
 
Approved by the board on 21 June 2016.
 
)
......................... ) S AJMAL
Director
 
                                                                                                                                                                           
2 .
PRIME MEDICALS LTD
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 30 SEPTEMBER 2015
 
1 . ACCOUNTING POLICIES
 
BASIS OF ACCOUNTING
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
 
TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible assets are depreciated at the following annual rates in order to write off
each asset over its estimated useful life.
 
Fixtures and fittings - 20% reducing balance
 
 
STOCKS
Stock of property is valued at the lower of cost and net realisable value.
 
PROVISIONS
Provisions are set up only where it is probable that a present obligation exists as a
result of an event prior to the balance sheet date and that a payment will be required
in settlement that can be estimated reliably. Where material, provisions are
calculated on a discount basis.
 
LEASES AND HIRE PURCHASE CONTRACTS
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.
   
Assets held under finance leases and hire purchase contracts are capitalised 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 rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
 
TURNOVER
Turnover represents net sales of services provided, excluding Value Added Tax.
 
 
                                                                                                                                                                           
3 .
PRIME MEDICALS LTD
 
NOTES TO THE ABBREVIATED ACCOUNTS
 
FOR THE YEAR ENDED 30 SEPTEMBER 2015
 
2 . FIXED ASSETS
Tangible
fixed
assets
£
Cost or valuation
At 1 October 2014 144,155
Additions 1,944
At 30 September 2015 146,099
 
Depreciation
At 1 October 2014 97,432
Charge for year 9,606
At 30 September 2015 107,038
 
Net Book Values
At 30 September 2015 39,061
 
At 1 October 2014 46,723
 
 
3 . DEBTORS
 
Included in debtors is a director's current account in respect of S Ajmal.
 
The liability under the loan at the beginning and end of the year respectively was £595,881
and £4,721.
The maximum amount of the loan outstanding during the year was £595,881.
 
 
4 . CALLED UP SHARE CAPITAL
2015 2014
£ £
 
There was no change in share capital during the year.
 
Allotted, called up and fully paid
Ordinary shares of £1 each 10 10