Registered number
04473778
Technomed Limited
Abbreviated Accounts
30 June 2016
Technomed Limited
Registered number: 04473778
Abbreviated Balance Sheet
as at 30 June 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 284,777 289,412
Current assets
Stocks 189,057 163,586
Debtors 546,707 523,833
Cash at bank and in hand 72,741 81,885
808,505 769,304
Creditors: amounts falling due within one year (102,247) (118,476)
Net current assets 706,258 650,828
Total assets less current liabilities 991,035 940,240
Provisions for liabilities (35,744) (21,580)
Net assets 955,291 918,660
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 955,191 918,560
Shareholder's funds 955,291 918,660
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
M Hashemi
Director
Approved by the board on 21 March 2017
Technomed Limited
Notes to the Abbreviated Accounts
for the year ended 30 June 2016
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 15% and 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
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.
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.
2 Tangible fixed assets £
Cost
At 1 July 2015 544,901
Additions 47,447
At 30 June 2016 592,348
Depreciation
At 1 July 2015 255,489
Charge for the year 52,082
At 30 June 2016 307,571
Net book value
At 30 June 2016 284,777
At 30 June 2015 289,412
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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