Versapak Doping Control Limited - Accounts to registrar (filleted) - small 18.2
Versapak Doping Control Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| VERSAPAK DOPING CONTROL LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED |
| 31 AUGUST 2019 |
| VERSAPAK DOPING CONTROL LIMITED (REGISTERED NUMBER: 03525795) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 August 2019 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| VERSAPAK DOPING CONTROL LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 August 2019 |
| DIRECTORS: |
| SECRETARIES: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| and Statutory Auditors |
| Lygon House |
| 50 London Road |
| Bromley |
| Kent |
| BR1 3RA |
| VERSAPAK DOPING CONTROL LIMITED (REGISTERED NUMBER: 03525795) |
| BALANCE SHEET |
| 31 August 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on behalf by: |
| VERSAPAK DOPING CONTROL LIMITED (REGISTERED NUMBER: 03525795) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 August 2019 |
| 1. | STATUTORY INFORMATION |
| Versapak Doping Control Limited is a |
| 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 |
| Going concern |
| The directors have reviewed the post year end financial information available at the time of approving these financial |
| statements, giving consideration to the worldwide coronavirus outbreak, and have concluded that the financial statements |
| should be prepared on a going concern basis. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
| added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any |
| accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 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. |
| VERSAPAK DOPING CONTROL LIMITED (REGISTERED NUMBER: 03525795) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 August 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Research and development |
| Development expenditure for individual projects is deferred when its future recoverability can be foreseen with reasonable |
| certainty. The identifiable expenditure is then amortised over the period during which the benefit is expected to occur. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
| future payments is treated as a liability. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - NIL). |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 September 2018 |
| Additions |
| Disposals | ( |
) |
| At 31 August 2019 |
| AMORTISATION |
| At 1 September 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 August 2019 |
| NET BOOK VALUE |
| At 31 August 2019 |
| At 31 August 2018 |
| VERSAPAK DOPING CONTROL LIMITED (REGISTERED NUMBER: 03525795) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 August 2019 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 September 2018 |
| Additions |
| At 31 August 2019 |
| DEPRECIATION |
| At 1 September 2018 |
| Charge for year |
| At 31 August 2019 |
| NET BOOK VALUE |
| At 31 August 2019 |
| At 31 August 2018 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 September 2018 |
| and 31 August 2019 |
| DEPRECIATION |
| At 1 September 2018 |
| Charge for year |
| At 31 August 2019 |
| NET BOOK VALUE |
| At 31 August 2019 |
| At 31 August 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| VERSAPAK DOPING CONTROL LIMITED (REGISTERED NUMBER: 03525795) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 August 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Hire purchase contracts |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the auditors was unqualified. |
| for and on behalf of |
| 10. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
| Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly |
| owned subsidiaries within the group. |