Pharmaceutical Licensing Group Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04411527 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Pharmaceutical Licensing Group Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Miss A Dugdale

Dr E Evans

Mr S A Jarvis

Dr C Wilson

SECRETARY:

Mr S A Jarvis

REGISTERED OFFICE:

The Red House Kingswood Park

Bonsor Drive

Kingswood

Tadworth

Surrey

KT20 6AY

REGISTERED NUMBER:

04411527 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

2

437

-

CURRENT ASSETS

Debtors

41,780

40,537

Cash at bank

120,136

138,456

161,916

178,993

CREDITORS

Amounts falling due within one year

(33,728

)

(20,933

)

NET CURRENT ASSETS

128,188

158,060

TOTAL ASSETS LESS CURRENT LIABILITIES

128,625

158,060

RESERVES

Income and expenditure account

128,625

158,060

128,625

158,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 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 23 November 2015 and were signed on its behalf by:

Mr S A Jarvis - Director

Dr C Wilson - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts are prepared on a going concern basis as in the opinion of the directors the company

has sufficient finance available to it to meet its obligations as they fall due for the foreseeable

future, that is at least 12 months from the date of approval of the accounts.

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 the value of goods and services under contracts, provided in the year, exclusive

of Value Added Tax, to the extent that there is a right to consideration and is recorded at the value

of consideration due.

Tangible fixed assets

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

Fixtures and fittings

-

33% 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, where transactions or events that result in an obligation to pay more or a

right to pay less tax in the future have occurred by the balance sheet date with certain limited

exceptions.

Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the

periods in which the timing differences are expected to reverse, based on tax rates and laws enacted

or substantively enacted at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling

at the 30/06/2015 date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

14,993

Additions

655

Disposals

(9,863

)

At 30 June 2015

5,785

DEPRECIATION

At 1 July 2014

14,993

Charge for year

218

Eliminated on disposal

(9,863

)

At 30 June 2015

5,348

NET BOOK VALUE

At 30 June 2015

437

At 30 June 2014

-