Abbreviated Company Accounts - ASKLEPIUS LIMITED

05829917 ASKLEPIUS LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 05829917 2013-06-01 2014-05-31 05829917 2014-05-31 05829917 2013-05-31 05829917 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 05829917 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 05829917

ASKLEPIUS LIMITED

Abbreviated Accounts

31 May 2014

ASKLEPIUS LIMITED Registered Number 05829917

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	16,190	17,644
Investments	3	-	18,383
		16,190	36,027
Current assets
Debtors		77,656	88,056
Cash at bank and in hand		751	333
		78,407	88,389
Creditors: amounts falling due within one year		(211,628)	(230,011)
Net current assets (liabilities)		(133,221)	(141,622)
Total assets less current liabilities		(117,031)	(105,595)
Total net assets (liabilities)		(117,031)	(105,595)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(117,131)	(105,695)
Shareholders' funds		(117,031)	(105,595)

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 23 February 2015

And signed on their behalf by:
B.S. Rattan, Director

ASKLEPIUS LIMITED Registered Number 05829917

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.

Turnover policy
Turnover represents the total invoice value of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Intangible assets amortisation policy
Patents are valued at cost less accumulated amortisation.
Amortisation is calculated to write off the cost in equal annual installments over their estimated useful life of 17 years.

Valuation information and policy
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Other accounting policies
Deferred Taxation:
Provision is made for deferred tax using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes except to the extent that the directors consider that the liability is unlikely to materialise.

Going Concern:
The company has been treated as a going concern as it will continued to be financially supported by its parent company Lokpal Limited.

Ultimate parent undertaking:
The ultimate holding company at the balance sheet date was Lokpal Limited, a company registered in England & Wales.

2Intangible fixed assets

	£
Cost
At 1 June 2013	24,717
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	24,717
Amortisation
At 1 June 2013	7,073
Charge for the year	1,454
On disposals	-
At 31 May 2014	8,527
Net book values
At 31 May 2014	16,190
At 31 May 2013	17,644

3Fixed assets Investments
At the balance sheet date the investments held were £nil (2013: £18,383).

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100