Registered Number 05833237

OM SURGICAL (UK) LIMITED

Abbreviated Accounts

30 June 2014

OM SURGICAL (UK) LIMITED Registered Number 05833237

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets 2 294,686 334,486
294,686 334,486
Current assets
Debtors 2,541 607
Cash at bank and in hand 12,149 4,307
14,690 4,914
Creditors: amounts falling due within one year (541) (5,812)
Net current assets (liabilities) 14,149 (898)
Total assets less current liabilities 308,835 333,588
Creditors: amounts falling due after more than one year (1,379,146) (1,402,459)
Total net assets (liabilities) (1,070,311) (1,068,871)
Capital and reserves
Called up share capital 3 1 1
Profit and loss account (1,070,312) (1,068,872)
Shareholders' funds (1,070,311) (1,068,871)
  • For the year ending 30 June 2014 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 20 March 2015

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 2014

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.

Other accounting policies
Creditors: amounts falling due after more than one year

There are no amounts repayable by instalments which are due in more than 5 years. The shareholder has provided loans which are not repayable on demand and no interest has been charged.

2Intangible fixed assets
£
Cost
At 1 July 2013 611,086
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2014 611,086
Amortisation
At 1 July 2013 276,600
Charge for the year 39,800
On disposals 0
At 30 June 2014 316,400
Net book values
At 30 June 2014 294,686
At 30 June 2013 334,486
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1 Ordinary shares of £1 each 1 1