HealthSTATS Technologies (UK) Ltd - Period Ending 2015-12-31

Registration number: 07685007

HealthSTATS Technologies (UK) Ltd
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 31 December 2015
 

HealthSTATS Technologies (UK) Ltd
(Registration number: 07685007)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					5,603			8,236
Current assets
Stocks					117,810			120,928
Debtors					94,498			287,402
Cash at bank and in hand					3,620			3,989
					215,928			412,319
Creditors: Amounts falling due within one year					(51,713)			(32,071)
Net current assets					164,215			380,248
Total assets less current liabilities					169,818			388,484
Creditors: Amounts falling due after more than one year					(123,064)			-
Net assets					46,754			388,484
Capital and reserves
Called up share capital		3			1,000			1,000
Share premium account					1,599,833			1,599,833
Profit and loss account					(1,554,079)			(1,212,349)
Shareholders' funds					46,754			388,484

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

HealthSTATS Technologies (UK) Ltd
(Registration number: 07685007)
Abbreviated Balance Sheet at 31 December 2015

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board and signed on its behalf by:

.........................................
Dr Choon Meng Ting
Director

.........................................
Mr Marcus Hsien Min Chua
Director

Date: 18 October 2016

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

HealthSTATS Technologies (UK) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
 

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The company made a loss in the period and has net liabilities. The company is dependent on the support from the shareholder to continue as a going concern.

The financial statements have been prepared on a going concern basis that assumes further funding will be obtained

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	20% Straight line
Fixtures and fittings	20% Straight line
Plant and machinery	20% Straight line

Stock

Stock is valued at cost after due regard for obsolete and slow moving stocks.

Deferred tax

Deferred taxation is provide in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Page 3

HealthSTATS Technologies (UK) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
 

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		13,166			13,166
At 31 December 2015		13,166			13,166
Depreciation
At 1 January 2015		4,930			4,930
Charge for the year		2,633			2,633
At 31 December 2015		7,563			7,563
Net book value
At 31 December 2015		5,603			5,603
At 31 December 2014		8,236			8,236

Page 4

HealthSTATS Technologies (UK) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
 

3	Share capital

	2015		2014
	No.	£	No.	£
Ordinary shares of £0.0001 (2014: £0.0001)	10,000,000	1,000	10,000,000	1,000

4

Control

The immediate and ultimate parent and controlling party of the company is HealthSTATs International PTE Limited, a company incorporated in Singapore, which owns 100% of the issued share capital. There is considered to be no ultimate controlling party.
  The consolidated financial statements can be obtained from 3 Ang Mo Kio Street 62, #08-25/26 LINK@AMK, Singapore 569139.

Page 5