Academic Health Solutions Ltd - Period Ending 2018-12-31

Registration number: 09337747

Academic Health Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2018

Roffe Swayne
Ashcombe Court
Woolsack Way
Godalming
Surrey
GU7 1LQ

Academic Health Solutions Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

Academic Health Solutions Ltd

Company Information

Directors

S R Laver J E Tooke D R Perrett

Registered office

5th Floor 8-10 Great George Street London SW1P 3AE

Accountants

Roffe Swayne Ashcombe Court Woolsack Way Godalming Surrey GU7 1LQ

Page 1

Academic Health Solutions Ltd

(Registration number: 09337747)
Balance Sheet as at 31 December 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	6,474	6,364
Current assets
Debtors	5	38,588	6,833
Cash at bank and in hand		85,031	59,094
		123,619	65,927
Creditors: Amounts falling due within one year	6	(499,143)	(364,813)
Net current liabilities		(375,524)	(298,886)
Net liabilities		(369,050)	(292,522)
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(369,150)	(292,622)
Total equity		(369,050)	(292,522)

For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 June 2019 and signed on its behalf by:
 

D R Perrett
Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Academic Health Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018

1	General information

The company is a incorporated in England and Wales. The company's registered office address and principal place of business can be found on the company information page.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, on the basis that it will continue to receive financial support from the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	Straight line over 4 years

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2017 - 3).

Page 3

Academic Health Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018

4	Tangible assets

	Computer equipment  £	Total £
Cost or valuation
At 1 January 2018	12,730	12,730
Additions	4,214	4,214
At 31 December 2018	16,944	16,944
Depreciation
At 1 January 2018	6,366	6,366
Charge for the year	4,104	4,104
At 31 December 2018	10,470	10,470
Carrying amount
At 31 December 2018	6,474	6,474
At 31 December 2017	6,364	6,364

5

Debtors

	2018 £	2017 £
Trade debtors	31,861	-
Prepayments	294	233
Other debtors	6,433	6,600
	38,588	6,833

6

Creditors

	Note	2018 £	2017 £
Due within one year
Trade creditors		1,656	154
Taxation and social security		22,286	4,330
Other creditors		474,001	359,229
Accruals		1,200	1,100
		499,143	364,813

Page 4

Academic Health Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 December 2018

7	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Page 5