Accounts filed on 29-02-2016
Accounts filed on 29-02-2016
trueFertility QMS Ltd060825962016-02-29-151770-151107-140401-1397381136911369-140401-139738-140401-139738-219251-2380742403802406122112925382080525043243478850983367885098336Basis of accounting
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).
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Intellectual Property - 10% Straight Line
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
CONSOLIDATION
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has therefore taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
19577019577011692097434194861957701957701169209743419486Ordinary11369020.011136911369Ordinary0.0111369113691136902Balance sheet Spare note 5 (user defined)INVESTMENTS
The company owns 96.5% of shares in IMT International Ltd (a company incorporated in England), being 20,086,053 ordinary £0.10 shares, for no consideration.
The principal activity of IMT International Ltd is that of developing, and the provision of quality management systems for assisted reproduction technology centres
At 29 February 2016, the aggregate of the share capital and reserves of IMT International Ltd was a deficit of £532,330 (2015:£735,078) and the profit for the period was £202,748 (2015: loss £95,489).Balance sheet Spare note 11 (user defined)GOING CONCERN
The company currently depends on financial support from its creditors and they have confirmed willingness to continue this support. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of support by its creditors.2017-02-28G J Heywoodtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureFertility QMS Ltd2015-03-012016-02-29Fertility QMS Ltd2014-03-012015-02-28Fertility QMS Ltd2014-02-28Fertility QMS Ltd2015-02-28Fertility QMS Ltd2015-02-28Fertility QMS Ltd2016-02-29 2017-02-28
