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  MEDICAL WORLD LIMITED
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 JANUARY 2016
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-3 Notes to the Abbreviated Accounts    
         
 
         
         
       
       
       
       
       
       
       
       
       
       
       
  MEDICAL WORLD LIMITED
  Company registered number: 02997316
  ABBREVIATED BALANCE SHEET
  AT 31 January 2016
           
    Note 2016 2015
      £ £ £
  FIXED ASSETS
  Tangible Assets 2 101,068 104,651
         
  CURRENT ASSETS
  Stock 1c 207,351 205,339
  Debtors falling due within one year   403,538 411,592
  Cash at bank and in hand   66,236 67,701
      677,125 684,632
  CREDITORS: Amounts falling due within one year   404,288 422,644
  NET CURRENT ASSETS   272,837 261,988
  NET ASSETS   £373,905 £366,639
       
  CAPITAL AND RESERVES
  Called up share capital 3 2 2
  Profit and loss account   373,903 366,637
  SHAREHOLDERS' FUNDS   £373,905 £366,639
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 29/02/2016
 
 
         
  L J Turner, Director
   
  The notes on pages 2 to 3 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 JANUARY 2016
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  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).
         
         
1b. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
         
         
  Plant and machinery Reducing balance 25%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 25%    
  Equipment Reducing balance 15%    
       
       
1c. Stocks
       
  Stocks are stated at the lower of cost and net realisable value. Cost incurred in bringing each product to its present location and condition is based on purchase cost on a first-in, first-out basis, including transport.
       
       
1d. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1e. Foreign currency
       
  Transactions denominated in foreign currencies are recorded in the local currency at actual exchange rates as of the date of the transaction.
       
       
1f. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
  page 2
  MEDICAL WORLD LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2016
       
       
2. TANGIBLE FIXED ASSETS 2016 2015
    £ £
  Cost
       
  At 1 February 2015 336,102 332,579
  Additions 6,165 3,523
  Disposals (13,330) -
  At 31 January 2016 328,937 336,102
   
  Depreciation
       
  At 1 February 2015 231,451 222,066
  Disposals (11,994) -
  For the year 8,412 9,385
  At 31 January 2016 227,869 231,451
   
  Net Book Amounts
       
  At 31 January 2016 £101,068 £104,651
   
       
       
3. SHARE CAPITAL 2016 2015
    £ £
  Allotted, issued and fully paid:
       
  2 Ordinary shares of £1 each £2 £2
   
  page 3