Pharmasource (UK) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04295286 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

PHARMASOURCE (UK) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr A P Janmohamed

REGISTERED OFFICE:

6b Parkway

Porters Wood

St Albans

Hertfordshire

AL3 6PA

REGISTERED NUMBER:

04295286 (England and Wales)

ACCOUNTANTS:

Hanburys Limited

Chartered Certified Accountants

6b Parkway

Porters Wood

St Albans

Hertfordshire

AL3 6PA

FIXED ASSETS

Tangible assets

2

112

149

CURRENT ASSETS

Debtors

113,340

62,048

CREDITORS

Amounts falling due within one year

248,192

223,191

NET CURRENT LIABILITIES

(134,852

)

(161,143

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(134,740

)

(160,994

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(134,742

)

(160,996

)

SHAREHOLDERS' FUNDS

(134,740

)

(160,994

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 30 June 2015 and were signed by:

Mr A P Janmohamed - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis which assumes that the company will continue to

trade. The validity of this assumption is dependent on sufficient and continuing financial support being made

available by the company's director and the creditors. If the company were unable to continue to trade

adjustments would have to be made to reduce the value of assets to their realisable amount, to reclassify fixed

assets as current assets and to provide for any further liabilities that may arise.

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 services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

2,279

DEPRECIATION

At 1 October 2013

2,130

Charge for year

37

At 30 September 2014

2,167

NET BOOK VALUE

At 30 September 2014

112

At 30 September 2013

149

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

2

Ordinary

£1

2

2