Fortis Pharma Consulting Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05390470 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Fortis Pharma Consulting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G Smith

M Stanton

SECRETARY:

S Bennett

REGISTERED OFFICE:

22 Great James Street

London

WC1N 3ES

REGISTERED NUMBER:

05390470 (England and Wales)

ACCOUNTANTS:

Caroline Gibbons ACA CTA

26 Eastwick Drive

Great Bookham

Leatherhead

Surrey

KT23 3PR

FIXED ASSETS

Intangible assets

2

68,750

75,625

Tangible assets

3

4,556

4,851

Investments

4

6

-

73,312

80,476

CURRENT ASSETS

Debtors

5

615,347

627,544

Cash at bank and in hand

124,324

156,807

739,671

784,351

CREDITORS

Amounts falling due within one year

125,301

162,938

NET CURRENT ASSETS

614,370

621,413

TOTAL ASSETS LESS CURRENT LIABILITIES

687,682

701,889

PROVISIONS FOR LIABILITIES

911

970

NET ASSETS

686,771

700,919

CAPITAL AND RESERVES

Called up share capital

6

2

2

Profit and loss account

686,769

700,917

SHAREHOLDERS' FUNDS

686,771

700,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 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 Board of Directors on 17 July 2015 and were signed on its behalf by:

G Smith - Director

M Stanton - Director

1.	ACCOUNTING POLICIES

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 goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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 etc

-

33% on cost and 25% on cost

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

137,500

AMORTISATION

At 1 April 2014

61,875

Amortisation for year

6,875

At 31 March 2015

68,750

NET BOOK VALUE

At 31 March 2015

68,750

At 31 March 2014

75,625

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

9,374

Additions

3,846

Disposals

(1,436

)

At 31 March 2015

11,784

DEPRECIATION

At 1 April 2014

4,523

Charge for year

3,458

Eliminated on disposal

(753

)

At 31 March 2015

7,228

NET BOOK VALUE

At 31 March 2015

4,556

At 31 March 2014

4,851

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

6

At 31 March 2015

6

NET BOOK VALUE

At 31 March 2015

6

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fortis Digital Ltd

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

60.00

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 517,316 (31.3.14 - £ 525,523 )

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

2

Ordinary

£1

2

2

7.	ULTIMATE PARENT COMPANY

Azimuth Pharma Ltd is regarded by the directors as being the company's ultimate parent company.