ROWANALYTICS_LTD - Accounts

PRECISIONLIFE LTD - Company Information

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Company Registration No. 08687703 (England and Wales)

ROWANALYTICS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

ROWANALYTICS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ROWANALYTICS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

41,540

76,539

Current assets

Debtors

631

327

Cash at bank and in hand

11,214

9,564

11,845

9,891

Creditors: amounts falling due within one year

(50,471)

(862)

Net current liabilities/(assets)

(38,626)

9,029

Total assets less current liabilities

2,914

85,568

Creditors: amounts falling due after more than one year

(68,673)

(77,350)

(65,759)

8,218

Capital and reserves

Called up share capital

60,000

Profit and loss account

(125,759)

(51,782)

Shareholders' funds

(65,759)

8,218

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 April 2016

Dr S P Gardner

Mrs R Gardner

Director

Company Registration No. 08687703

ROWANALYTICS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern note

The company is continuing to trade even though insolvent with the continuing support of the company directors.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

Fixed assets

Intangible assets

Cost

At 1 October 2014 & at 30 September 2015

111,538

Depreciation

At 1 October 2014

34,999

Charge for the year

34,999

At 30 September 2015

69,998

Net book value

At 30 September 2015

41,540

At 30 September 2014

76,539

Share capital

2015

2014

Allotted, called up and fully paid

60,000 Ordinary of £1 each

60,000