Abbreviated Company Accounts - PHARMCHEM INVESTMENTS LIMITED

PHARMCHEM INVESTMENTS LIMITED - Company Information

07014150 PHARMCHEM INVESTMENTS LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 07014150 2013-06-01 2014-05-31 07014150 2014-05-31 07014150 2013-05-31 07014150 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 07014150 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 07014150

PHARMCHEM INVESTMENTS LIMITED

Abbreviated Accounts

31 May 2014

PHARMCHEM INVESTMENTS LIMITED Registered Number 07014150

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,122,998	1,125,172
		1,122,998	1,125,172
Current assets
Debtors		4,946	4,946
Cash at bank and in hand		631	3,482
		5,577	8,428
Creditors: amounts falling due within one year		(108,651)	(107,398)
Net current assets (liabilities)		(103,074)	(98,970)
Total assets less current liabilities		1,019,924	1,026,202
Creditors: amounts falling due after more than one year		(1,030,119)	(1,030,119)
Total net assets (liabilities)		(10,195)	(3,917)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(10,196)	(3,918)
Shareholders' funds		(10,195)	(3,917)

For the year ending 31 May 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 6 February 2015

And signed on their behalf by:
P Kothari, Director

PHARMCHEM INVESTMENTS LIMITED Registered Number 07014150

Notes to the Abbreviated Accounts for the period ended 31 May 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.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Land and buildings - Straight line over 50 years
Fixtures, fittings and equipment - 25% straight line

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes. Deferred taxation is calculated on an undiscounted basis at the tax rates expected to apply in the period when the timing differences will reverse.

Going concern
The company had net deficiency of shareholders funds at the balance sheet date. The company was supported by the directors and creditors and accordingly the accounts are prepared on a going concern basis.

2Tangible fixed assets

	£
Cost
At 1 June 2013	1,137,443
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	1,137,443
Depreciation
At 1 June 2013	12,271
Charge for the year	2,174
On disposals	-
At 31 May 2014	14,445
Net book values
At 31 May 2014	1,122,998
At 31 May 2013	1,125,172

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1