Lifescience Dynamics Limited - Abbreviated accounts

LIFESCIENCE DYNAMICS LIMITED - Company Information

Registered number

05214740

Lifescience Dynamics Limited

Abbreviated Accounts

31 December 2014

Lifescience Dynamics Limited
Registered number:		05214740
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		61,398			34,635

Current assets
Debtors		566,888			461,745
Cash at bank and in hand		20,647			28,926
		587,535			490,671

Creditors: amounts falling due within one year		(349,667)			(415,354)

Net current assets			237,868			75,317

Total assets less current liabilities			299,266			109,952

Creditors: amounts falling due after more than one year			(75,856)			(90,431)

Provisions for liabilities			(8,401)			(2,197)


Net assets			215,009			17,324

Capital and reserves
Called up share capital	3		1,000			1,000
Profit and loss account			214,009			16,324

Shareholders' funds			215,009			17,324

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr R Rahmani
Director
Approved by the board on 31 July 2015

Lifescience Dynamics Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance
	0			0

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 January 2014					70,447
	Additions					43,894
	At 31 December 2014					114,341

	Depreciation
	At 1 January 2014					35,812
	Charge for the year					17,131
	At 31 December 2014					52,943

	Net book value
	At 31 December 2014					61,398
	At 31 December 2013					34,635


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		1,000		1,000

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		998		998