Neurosolutions Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04199343 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Neurosolutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Prof D C Spanswick

Dr F Y Zhao

REGISTERED OFFICE:

c/o Band Hatton Button

25 Warwick Road

Coventry

West Midlands

CV1 2EZ

REGISTERED NUMBER:

04199343 (England and Wales)

ACCOUNTANTS:

Amicus Accounting Limited

5 Corunna Court

Corunna Road

Warwick

Warwickshire

CV34 5HQ

FIXED ASSETS

Tangible assets

2

20,441

10,184

CURRENT ASSETS

Debtors

731,262

884,207

Prepayments and accrued income

65,647

-

Cash at bank and in hand

148,472

207,674

945,381

1,091,881

CREDITORS

Amounts falling due within one year

117,443

408,801

NET CURRENT ASSETS

827,938

683,080

TOTAL ASSETS LESS CURRENT
LIABILITIES

848,379

693,264

CAPITAL AND RESERVES

Called up share capital

3

871

Share premium

7,950

Profit and loss account

839,558

684,443

SHAREHOLDERS' FUNDS

848,379

693,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 11 October 2016 and were signed on its behalf by:

Prof D C Spanswick - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

370,214

Additions

16,838

Disposals

(340,344

)

At 30 April 2016

46,708

DEPRECIATION

At 1 May 2015

360,030

Charge for year

6,802

Eliminated on disposal

(340,565

)

At 30 April 2016

26,267

NET BOOK VALUE

At 30 April 2016

20,441

At 30 April 2015

10,184

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

87,100

Ordinary

1p

871