Abbreviated Company Accounts - HOLM PHARM LIMITED

HOLM PHARM LIMITED - Company Information

Registered Number SC310254

HOLM PHARM LIMITED

Abbreviated Accounts

31 March 2016

HOLM PHARM LIMITED Registered Number SC310254

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	4,824,728	2,514,850
Tangible assets	3	207,215	37,576
Investments	4	723,746	210,940
		5,755,689	2,763,366
Current assets
Stocks		269,103	369,860
Debtors		739,037	311,724
Cash at bank and in hand		642,062	367,967
		1,650,202	1,049,551
Creditors: amounts falling due within one year		(1,715,433)	(711,420)
Net current assets (liabilities)		(65,231)	338,131
Total assets less current liabilities		5,690,458	3,101,497
Creditors: amounts falling due after more than one year		(1,866,667)	(985,666)
Total net assets (liabilities)		3,823,791	2,115,831
Capital and reserves
Called up share capital		3,750,582	2,650,582
Profit and loss account		73,209	(534,751)
Shareholders' funds		3,823,791	2,115,831

For the year ending 31 March 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 16 November 2016

And signed on their behalf by:
Jennifer Weir, Director

HOLM PHARM LIMITED Registered Number SC310254

Notes to the Abbreviated Accounts for the period ended 31 March 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 April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.
The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Fixtures, fittings and equipment - 20-33% straight line
Motor vehicles - 25% straight line

Intangible assets amortisation policy
Goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 April 2015	4,922,374
Additions	2,309,878
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	7,232,252
Amortisation
At 1 April 2015	2,407,524
Charge for the year	-
On disposals	-
At 31 March 2016	2,407,524
Net book values
At 31 March 2016	4,824,728
At 31 March 2015	2,514,850

3Tangible fixed assets

	£
Cost
At 1 April 2015	274,924
Additions	188,889
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	463,813
Depreciation
At 1 April 2015	237,348
Charge for the year	19,250
On disposals	-
At 31 March 2016	256,598
Net book values
At 31 March 2016	207,215
At 31 March 2015	37,576

4Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value