Abbreviated Company Accounts - MOORSIDE PHARMA DEVELOPMENTS LIMITED

Abbreviated Company Accounts - MOORSIDE PHARMA DEVELOPMENTS LIMITED

MOORSIDE PHARMA DEVELOPMENTS LIMITED - Company Information

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Registered Number 07930921

MOORSIDE PHARMA DEVELOPMENTS LIMITED

Abbreviated Accounts

29 February 2016

MOORSIDE PHARMA DEVELOPMENTS LIMITED Registered Number 07930921

Abbreviated Balance Sheet as at 29 February 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 568,481 603,549
Tangible assets 3 52,833 58,703
621,314 662,252
Current assets
Stocks 67,176 54,085
Debtors 75,433 -
Cash at bank and in hand 100,913 92,141
243,522 146,226
Prepayments and accrued income 162,394 140,094
Creditors: amounts falling due within one year (610,459) (608,562)
Net current assets (liabilities) (204,543) (322,242)
Total assets less current liabilities 416,771 340,010
Creditors: amounts falling due after more than one year (450,896) (500,544)
Accruals and deferred income (750) (650)
Total net assets (liabilities) (34,875) (161,184)
Capital and reserves
Called up share capital 600 600
Profit and loss account (35,475) (161,784)
Shareholders' funds (34,875) (161,184)
  • For the year ending 29 February 2016 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 on 30 November 2016

And signed on their behalf by:
M Khodadi, Director

MOORSIDE PHARMA DEVELOPMENTS LIMITED Registered Number 07930921

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Fixtures, fittings & equipment 10% reducing balance

Intangible assets amortisation policy
Goodwill is being written off in equal annual instalments over its estimated economic life of 20
years.

2Intangible fixed assets
£
Cost
At 1 March 2015 701,354
Additions -
Disposals -
Revaluations -
Transfers -
At 29 February 2016 701,354
Amortisation
At 1 March 2015 97,805
Charge for the year 35,068
On disposals -
At 29 February 2016 132,873
Net book values
At 29 February 2016 568,481
At 28 February 2015 603,549
3Tangible fixed assets
£
Cost
At 1 March 2015 80,473
Additions -
Disposals -
Revaluations -
Transfers -
At 29 February 2016 80,473
Depreciation
At 1 March 2015 21,770
Charge for the year 5,870
On disposals -
At 29 February 2016 27,640
Net book values
At 29 February 2016 52,833
At 28 February 2015 58,703