Company Registration No. 09245216 (England and Wales)
Interactive Pharma Solutions Limited
Unaudited accounts
for the year ended 31 December 2018
Interactive Pharma Solutions Limited
Unaudited accounts
Contents
Interactive Pharma Solutions Limited
Company Information
for the year ended 31 December 2018
Directors
Peter Ward
Linda Knight
Max Peterson
Cyan Collier
Company Number
09245216 (England and Wales)
Registered Office
GOLDEN CROSS COURT
4 CORNMARKET STREET
OXFORD
OX1 3EX
ENGLAND
Accountants
Slade & Co (UK) Ltd
10 Church lane
Sutton Waldron
Dorset
DT118PA
Interactive Pharma Solutions Limited
Statement of financial position
as at 31 December 2018
Intangible assets
8,972
15,556
Tangible assets
2,816
15,361
Cash at bank and in hand
89,727
2,658
Creditors: amounts falling due within one year
(126,017)
(108,896)
Net current assets/(liabilities)
298,953
(45,023)
Total assets less current liabilities
310,741
(14,106)
Creditors: amounts falling due after more than one year
-
(13,947)
Provisions for liabilities
Other provisions
(30,000)
(30,000)
Net assets/(liabilities)
280,741
(58,053)
Called up share capital
100
100
Profit and loss account
280,641
(58,153)
Shareholders' funds
280,741
(58,053)
For the 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. 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 September 2019.
Linda Knight
Director
Company Registration No. 09245216
Interactive Pharma Solutions Limited
Notes to the Accounts
for the year ended 31 December 2018
Interactive Pharma Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 09245216. The registered office is GOLDEN CROSS COURT, 4 CORNMARKET STREET, OXFORD, OX1 3EX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 3 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5 years straight line
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
4
Intangible fixed assets
Goodwill
At 31 December 2018
16,000
At 31 December 2017
15,556
Interactive Pharma Solutions Limited
Notes to the Accounts
for the year ended 31 December 2018
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2018
19,975
921
16,346
37,242
Additions
-
984
2,373
3,357
Revaluations
(4,159)
-
-
(4,159)
Disposals
(8,334)
-
-
(8,334)
At 31 December 2018
7,482
1,905
18,719
28,106
At 1 January 2018
7,482
758
13,641
21,881
Charge for the year
-
273
3,136
3,409
At 31 December 2018
7,482
1,031
16,777
25,290
At 31 December 2018
-
874
1,942
2,816
At 31 December 2017
12,493
163
2,705
15,361
Trade debtors
293,553
61,215
Accrued income and prepayments
1,000
-
7
Investments held as current assets
2018
2017
Listed investments
13,770
-
Unlisted investments
26,920
-
8
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
(321)
1,286
Trade creditors
57,510
47,620
Taxes and social security
48,763
31,800
Other creditors
6,705
21,190
Loans from directors
-
7,000
9
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
-
13,947
Interactive Pharma Solutions Limited
Notes to the Accounts
for the year ended 31 December 2018
10
Average number of employees
During the year the average number of employees was 10 (2017: 10).
