Medevent Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04468767 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2018

for

Medevent Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

M Rattigan

Mrs D M Rattigan

M J Wood

Ms H Powney

SECRETARY:

Mrs D M Rattigan

REGISTERED OFFICE:

Wellfield House

33 New Hey Road

Huddersfield

West Yorkshire

HD3 4AL

REGISTERED NUMBER:

04468767 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Tangible assets

5

102,465

112,319

CURRENT ASSETS

Stocks

3,675

3,950

Debtors

6

59,205

103,212

Cash at bank and in hand

62,118

10,048

124,998

117,210

CREDITORS

Amounts falling due within one year

7

72,830

94,650

NET CURRENT ASSETS

52,168

22,560

TOTAL ASSETS LESS CURRENT LIABILITIES

154,633

134,879

CREDITORS

Amounts falling due after more than one year

8

(50,743

)

(57,777

)

PROVISIONS FOR LIABILITIES

(4,013

)

(4,533

)

NET ASSETS

99,877

72,569

CAPITAL AND RESERVES

Called up share capital

1,333

1,333

Share premium

63,774

63,774

Capital redemption reserve

333

333

Retained earnings

34,437

7,129

SHAREHOLDERS' FUNDS

99,877

72,569

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 4 December 2018 and were signed on its behalf by:

M Rattigan - Director

1.	STATUTORY INFORMATION

Medevent Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to

the nearest £.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding

VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

15% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 July 2017

2,946

26,215

100,281

At 30 June 2018

2,946

26,215

100,281

DEPRECIATION

At 1 July 2017

1,639

23,875

63,343

Charge for year

196

585

5,541

At 30 June 2018

1,835

24,460

68,884

NET BOOK VALUE

At 30 June 2018

1,111

1,755

31,397

At 30 June 2017

1,307

2,340

36,938

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 July 2017

126,805

9,908

266,155

Additions

19,202

-

19,202

At 30 June 2018

146,007

9,908

285,357

DEPRECIATION

At 1 July 2017

56,365

8,614

153,836

Charge for year

22,411

323

29,056

At 30 June 2018

78,776

8,937

182,892

NET BOOK VALUE

At 30 June 2018

67,231

971

102,465

At 30 June 2017

70,440

1,294

112,319

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2017

101,855

Additions

19,202

At 30 June 2018

121,057

DEPRECIATION

At 1 July 2017

39,874

Charge for year

20,296

At 30 June 2018

60,170

NET BOOK VALUE

At 30 June 2018

60,887

At 30 June 2017

61,981

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

11,602

56,443

Other debtors

47,603

46,769

59,205

103,212

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Hire purchase contracts

24,317

21,034

Trade creditors

296

8,957

Tax

29,925

46,578

Social security and other taxes

450

590

VAT

3,342

4,867

Directors' current accounts

12,025

10,525

Accrued expenses & prepaid income

2,475

2,099

72,830

94,650

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Hire purchase contracts

50,743

57,777

9.	ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of their majority shareholding.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Medevent Limited for the year ended 30 June 2018 which comprise the Statement of Income and

Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Medevent Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Medevent Limited and state those matters that we have agreed to state to the Board of Directors of Medevent Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Medevent Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Medevent Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Medevent Limited. You consider that Medevent Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Medevent Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

4 December 2018