Joshpharm Limited - Limited company - abbreviated - 11.6

Joshpharm Limited - Limited company - abbreviated - 11.6

JOSHPHARM LIMITED - Company Information

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REGISTERED NUMBER: 06547725 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Joshpharm Limited

Joshpharm Limited (Registered number: 06547725)






Contents of the Abbreviated Accounts
for the Year Ended 31 May 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Joshpharm Limited

Company Information
for the Year Ended 31 May 2014







DIRECTORS: Mr S B Joshi
Mrs D S Joshi





SECRETARY: Mrs D S Joshi





REGISTERED OFFICE: Transport House
Uxbridge Road
Hillingdon Heath
Middlesex
UB10 0LY





REGISTERED NUMBER: 06547725 (England and Wales)





Page 1
Joshpharm Limited (Registered number: 06547725)

Abbreviated Balance Sheet
31 May 2014

31.5.14 31.5.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 339,500 363,750
Tangible assets 3 6,504 8,672
346,004 372,422

CURRENT ASSETS
Stocks 39,936 41,656
Debtors 54,062 54,692
Cash at bank and in hand 138,096 179,513
232,094 275,861
CREDITORS
Amounts falling due within one year 359,721 435,013
NET CURRENT LIABILITIES (127,627 ) (159,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
218,377
213,270

PROVISIONS FOR LIABILITIES 1,301 1,735
NET ASSETS 217,076 211,535

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 216,976 211,435
SHAREHOLDERS' FUNDS 217,076 211,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 profit or loss 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 notes form part of these abbreviated accounts

Page 2 continued...
Joshpharm Limited (Registered number: 06547725)

Abbreviated Balance Sheet - continued
31 May 2014


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 25 February 2015 and were signed on
its behalf by:





Mr S B Joshi - Director


The notes form part of these abbreviated accounts

Page 3
Joshpharm Limited (Registered number: 06547725)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 2014

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 goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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

Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual
arrangement,as either financial assets,financial liabilities or equity instruments.An equity instrument is
any contract that evidences a residual interest in the assets of the company after deducting all of its
liabilities.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2013
and 31 May 2014 485,000
AMORTISATION
At 1 June 2013 121,250
Amortisation for year 24,250
At 31 May 2014 145,500
NET BOOK VALUE

At 31 May 2014 339,500
At 31 May 2013 363,750

Page 4 continued...
Joshpharm Limited (Registered number: 06547725)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 May 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2013
and 31 May 2014 24,840
DEPRECIATION
At 1 June 2013 16,168
Charge for year 2,168
At 31 May 2014 18,336
NET BOOK VALUE
At 31 May 2014 6,504
At 31 May 2013 8,672

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.14 31.5.13
value: £    £   
100 Ordinary 1 100 100

Page 5