Abbreviated Company Accounts - OM SURGICAL (UK) LIMITED

05833237 OM SURGICAL (UK) LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 05833237 2014-07-01 2015-06-30 05833237 2015-06-30 05833237 2014-06-30 05833237 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 05833237 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 05833237

OM SURGICAL (UK) LIMITED

Abbreviated Accounts

30 June 2015

OM SURGICAL (UK) LIMITED Registered Number 05833237

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	254,886	294,686
		254,886	294,686
Current assets
Debtors		1,865	2,541
Cash at bank and in hand		19,314	12,149
		21,179	14,690
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	3	(541)	(541)
Net current assets (liabilities)		20,638	14,149
Total assets less current liabilities		275,524	308,835
Creditors: amounts falling due after more than one year	3	(1,318,887)	(1,379,146)
Total net assets (liabilities)		(1,043,363)	(1,070,311)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(1,043,364)	(1,070,312)
Shareholders' funds		(1,043,363)	(1,070,311)

For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 March 2016

And signed on their behalf by:
Knut Anders Dyvik, Director

OM SURGICAL (UK) LIMITED Registered Number 05833237

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Intangible assets amortisation policy
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.

Valuation information and policy
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the income statement. Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.

2Intangible fixed assets

	£
Cost
At 1 July 2014	611,086
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 30 June 2015	611,086
Amortisation
At 1 July 2014	316,400
Charge for the year	39,800
On disposals	0
At 30 June 2015	356,200
Net book values
At 30 June 2015	254,886
At 30 June 2014	294,686

3Creditors

	2015 £	2014 £
Non-instalment debts due after 5 years	1,318,887	1,379,146

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1