REGISTERED NUMBER: 03355534 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Medilink (Yorkshire & The Humber)

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr G J Lloyd-Jones

A M Ashby

K J Kiely

Sir A J Cash

G A Hall

Professor P D Coates

C Glass

Dr M C Richardson

P M Thorning

Professor R A L Jones

K R Jackson

Professor D C Hogg

J Brannan

SECRETARY:

J Knowles

REGISTERED OFFICE:

First Floor, Building 1

3 Smithy Wood Drive

Smithy Wood Business Park

Sheffield

S35 1QN

REGISTERED NUMBER:

03355534 (England and Wales)

FIXED ASSETS

Tangible assets

2

26,586

33,875

CURRENT ASSETS

Debtors

422,584

413,840

Cash at bank and in hand

275,038

228,517

697,622

642,357

CREDITORS

Amounts falling due within one year

492,144

492,340

NET CURRENT ASSETS

205,478

150,017

TOTAL ASSETS LESS CURRENT LIABILITIES

232,064

183,892

PROVISIONS FOR LIABILITIES

5,317

-

NET ASSETS

226,747

183,892

RESERVES

Income and expenditure account

226,747

183,892

226,747

183,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 surplus or deficit 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 June 2015 and were signed on its behalf by:

Dr G J Lloyd-Jones - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account 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 the profit and loss account in the period to which they relate.

Government grants

Government grants of a revenue nature are credited to the income and expenditure account in the same period as

the related expenditure.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

99,420

Additions

8,195

At 31 December 2014

107,615

DEPRECIATION

At 1 January 2014

65,545

Charge for year

15,484

At 31 December 2014

81,029

NET BOOK VALUE

At 31 December 2014

26,586

At 31 December 2013

33,875

3.	COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee, each member being a guarantor for the sum not exceeding £1, and

provides membership services to the health technologies sector.