Abbreviated Company Accounts - REMEDY PHARM LIMITED

REMEDY PHARM LIMITED - Company Information

Registered Number 07047236

REMEDY PHARM LIMITED

Abbreviated Accounts

31 October 2013

REMEDY PHARM LIMITED Registered Number 07047236

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	252,167	286,167
Tangible assets	3	6,212	7,766
		258,379	293,933
Current assets
Stocks		40,107	36,228
Debtors		93,926	90,114
Cash at bank and in hand		35,535	29,524
		169,568	155,866
Creditors: amounts falling due within one year		(167,819)	(224,393)
Net current assets (liabilities)		1,749	(68,527)
Total assets less current liabilities		260,128	225,406
Creditors: amounts falling due after more than one year		(222,655)	(193,790)
Total net assets (liabilities)		37,473	31,616
Capital and reserves
Called up share capital		2	2
Profit and loss account		37,471	31,614
Shareholders' funds		37,473	31,616

For the year ending 31 October 2013 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 18 July 2014

And signed on their behalf by:
Mr K Ismail, Director

REMEDY PHARM LIMITED Registered Number 07047236

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixture & Fitting - 20% Reducing Balance Method

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 10 years Straight Line Method

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

2Intangible fixed assets

	£
Cost
At 1 November 2012	340,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	340,000
Amortisation
At 1 November 2012	53,833
Charge for the year	34,000
On disposals	-
At 31 October 2013	87,833
Net book values
At 31 October 2013	252,167
At 31 October 2012	286,167

3Tangible fixed assets

	£
Cost
At 1 November 2012	10,400
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	10,400
Depreciation
At 1 November 2012	2,634
Charge for the year	1,554
On disposals	-
At 31 October 2013	4,188
Net book values
At 31 October 2013	6,212
At 31 October 2012	7,766