A K Pharmascope Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06579614 (England and Wales)

Financial Statements For The Year Ended 30 April 2019

for

A K Pharmascope Limited

Page

Company Information

1

Income Statement

2

Other Comprehensive Income

3

Balance Sheet

4

Notes to the Financial Statements

6

Chartered Certified Accountants' Report

8

DIRECTORS:

Mr A K Tataria

Mrs L Tataria

REGISTERED OFFICE:

84 Mount Road

Leicester

LE5 3DJ

REGISTERED NUMBER:

06579614 (England and Wales)

ACCOUNTANTS:

Gower Accountancy

Chartered Certified Accountants

250 Humberstone Road

Leicester

LE5 0EG

REVENUE

52,320

53,495

Administrative expenses

(28,717

)

(28,481

)

OPERATING PROFIT

4

23,603

25,014

Interest receivable and similar income

27

35

PROFIT BEFORE TAXATION

23,630

25,049

Tax on profit

(4,490

)

(4,863

)

PROFIT FOR THE FINANCIAL YEAR

19,140

20,186

PROFIT FOR THE YEAR

19,140

20,186

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

19,140

20,186

FIXED ASSETS

Property, plant and equipment

5

912

364

CURRENT ASSETS

Debtors

6

8,992

9,959

Cash at bank

62,757

50,415

71,749

60,374

CREDITORS

Amounts falling due within one year

7

(68,502

)

(45,823

)

NET CURRENT ASSETS

3,247

14,551

TOTAL ASSETS LESS CURRENT LIABILITIES

4,159

14,915

PROVISIONS FOR LIABILITIES

(173

)

(69

)

NET ASSETS

3,986

14,846

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

3,984

14,844

SHAREHOLDERS' FUNDS

3,986

14,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 13 January 2020 and were signed on its behalf by:

Mr A K Tataria - Director

1.	STATUTORY INFORMATION

A K Pharmascope Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 cost

Computer equipment

-

33.3% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2019

2018

£

£

Depreciation - owned assets

427

181

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2018

4,160

3,621

7,781

Additions

385

590

975

At 30 April 2019

4,545

4,211

8,756

DEPRECIATION

At 1 May 2018

3,797

3,620

7,417

Charge for year

411

16

427

At 30 April 2019

4,208

3,636

7,844

NET BOOK VALUE

At 30 April 2019

337

575

912

At 30 April 2018

363

1

364

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

8,992

9,959

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

4,386

4,794

Social security and other taxes

77

68

Directors' current accounts

63,379

40,301

Accrued expenses

660

660

68,502

45,823

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A K Pharmascope Limited for the year ended 30 April 2019 which comprise the Income

Statement, Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of A K Pharmascope Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A K Pharmascope Limited and state those matters that we have agreed to state to the Board of Directors of A K Pharmascope Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A K Pharmascope Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A K Pharmascope Limited. You consider that A K Pharmascope Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A K Pharmascope Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gower Accountancy

Chartered Certified Accountants

250 Humberstone Road

Leicester

LE5 0EG

13 January 2020