The Patient Information Forum Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06562222 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

The Patient Information Forum Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Anne Ballard

Sue Farrington

Graham John Parker

Jacquie White

REGISTERED OFFICE:

93 Tabernacle Street

London

EC2A 4BA

REGISTERED NUMBER:

06562222 (England and Wales)

ACCOUNTANTS:

Ramon Lee Ltd

93 Tabernacle Street

London

EC2A 4BA

FIXED ASSETS

Intangible assets

4

14,962

19,949

Tangible assets

5

-

253

14,962

20,202

CURRENT ASSETS

Debtors

6

21,343

41,034

Cash at bank

77,288

36,259

98,631

77,293

CREDITORS

Amounts falling due within one year

7

(35,746

)

(46,698

)

NET CURRENT ASSETS

62,885

30,595

TOTAL ASSETS LESS CURRENT LIABILITIES

77,847

50,797

CREDITORS

Amounts falling due after more than one year

8

(25,000

)

-

NET ASSETS

52,847

50,797

RESERVES

Income and expenditure account

52,847

50,797

52,847

50,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 surplus or deficit 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2021 and were signed on its behalf by:

Sue Farrington - Director

1.	STATUTORY INFORMATION

The Patient Information Forum Limited (Company limited by guarantee) is a private company, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes for the services provided in the normal course of business.

INTANGIBLE ASSETS

Intangible assets are recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

all intangible asset are considered to have finite useful life . if a reliable estimate of the useful life cannot be made , the useful life shall not exceed 10 years.

TANGIBLE FIXED ASSETS

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less residual values over the useful life on the following basis:

Fixtures and fittings 33.33% SLM

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2019 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2020

and 31 December 2020

24,936

AMORTISATION

At 1 January 2020

4,987

Amortisation for year

4,987

At 31 December 2020

9,974

NET BOOK VALUE

At 31 December 2020

14,962

At 31 December 2019

19,949

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2020

and 31 December 2020

1,725

DEPRECIATION

At 1 January 2020

1,472

Charge for year

253

At 31 December 2020

1,725

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

253

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

20,442

38,296

Other debtors

-

2,000

Prepayments and accrued income

901

738

21,343

41,034

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

960

123

Social security and other tax

1,491

-

VAT

10,902

6,783

Pension payable

493

-

Accruals and deferred income

21,900

39,792

35,746

46,698

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans - 1-2 years

25,000

-

9.	POST BALANCE SHEET EVENTS

Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on businesses worldwide. As a result some business operations have been restricted, however the company continues to operate using alternative methods and remote working.

The directors are unable to evaluate the overall financial impact on the business at present. Hence financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The directors are continuing to monitor, assess and act to the current changing environment in order to position the company to ensure its future success.