Orviol Ltd - Abbreviated accounts 16.1

Orviol Ltd - Abbreviated accounts 16.1

ORVIOL LTD - Company Information

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REGISTERED NUMBER: 08973656 (England and Wales)









Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

ORVIOL LTD

ORVIOL LTD (REGISTERED NUMBER: 08973656)






Contents of the Abbreviated Accounts
for the year ended 30 September 2016




Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

ORVIOL LTD (REGISTERED NUMBER: 08973656)

Abbreviated Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 337,500 356,250
Tangible assets 3 50,549 18,439
388,049 374,689

CURRENT ASSETS
Stocks 500 500
Debtors 6,636 11,273
Cash at bank 94,981 77,182
102,117 88,955
CREDITORS
Amounts falling due within one year 397,621 426,774
NET CURRENT LIABILITIES (295,504 ) (337,819 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
92,545
36,870

CREDITORS
Amounts falling due after more than one
year
(16,467
)
-

PROVISIONS FOR LIABILITIES (10,110 ) (3,688 )
NET ASSETS 65,968 33,182

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit & loss account 65,868 33,082
SHAREHOLDERS' FUNDS 65,968 33,182

The notes on pages 3 to 4 form part of these abbreviated accounts

Page 1 continued...
ORVIOL LTD (REGISTERED NUMBER: 08973656)

Abbreviated Balance Sheet - continued
30 September 2016


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 January 2017 and were signed by:





Dr N Patel - Director


The notes on pages 3 to 4 form part of these abbreviated accounts

Page 2
ORVIOL LTD (REGISTERED NUMBER: 08973656)

Notes to the Abbreviated Accounts
for the year ended 30 September 2016

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).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company
qualifies as a small company.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the
period.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

The goodwill broadly reflects the patient list acquired in 2014 which is considered to suffer 5% attrition
each year.

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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transactions or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely
than not that there will be suitable taxable profits from which the future reversal of the underlying timing
differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantively
enacted at the balance sheet date.

Page 3 continued...
ORVIOL LTD (REGISTERED NUMBER: 08973656)

Notes to the Abbreviated Accounts - continued
for the year ended 30 September 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 375,000
AMORTISATION
At 1 October 2015 18,750
Amortisation for year 18,750
At 30 September 2016 37,500
NET BOOK VALUE

At 30 September 2016 337,500
At 30 September 2015 356,250

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 24,585
Additions 48,960
At 30 September 2016 73,545
DEPRECIATION
At 1 October 2015 6,146
Charge for year 16,850
At 30 September 2016 22,996
NET BOOK VALUE
At 30 September 2016 50,549
At 30 September 2015 18,439

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4