Organa Diagnostics & Therapy Ltd - Accounts to registrar - small 16.3d

Organa Diagnostics & Therapy Ltd - Accounts to registrar - small 16.3d

ORGANA LTD - Company Information

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REGISTERED NUMBER: 07480541 (England and Wales)












ORGANA DIAGNOSTICS & THERAPY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016






ORGANA DIAGNOSTICS & THERAPY LTD (REGISTERED NUMBER: 07480541)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ORGANA DIAGNOSTICS & THERAPY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: Dr K D Love
Ms C H M Jones





REGISTERED OFFICE: C/O Bevan & Buckland
Langdon House
Langdon Road
Swansea
SA1 8QY





BUSINESS ADDRESS: 2 Coniston Road
Cambridge
Cambridgeshire
CB1 7BZ





REGISTERED NUMBER: 07480541 (England and Wales)





ACCOUNTANTS: Bevan & Buckland
Chartered Accountants
Langdon House
Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY
Page 1
ORGANA DIAGNOSTICS & THERAPY LTD (REGISTERED NUMBER: 07480541)

ABRIDGED BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 198 1,778

CURRENT ASSETS
Debtors 6,425 9,959
Cash at bank 16,689 23,986
23,114 33,945
CREDITORS
Amounts falling due within one year 14,050 18,442
NET CURRENT ASSETS 9,064 15,503
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,262
17,281

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 9,162 17,181
SHAREHOLDERS' FUNDS 9,262 17,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
ORGANA DIAGNOSTICS & THERAPY LTD (REGISTERED NUMBER: 07480541)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 February 2017 and were signed on
its behalf by:





Dr K D Love - Director


The notes form part of these financial statements

Page 3
ORGANA DIAGNOSTICS & THERAPY LTD (REGISTERED NUMBER: 07480541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Organa Diagnostics & Therapy Ltd is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover represents invoiced sales of contracts & services.

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 - 33% on cost

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and
Section 12 'Other Financial I instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the
company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are
initially measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a financing
transaction, where the transaction is measured at the present value of the future receipts discounted at
a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies and preference shares that are classified as debt, are initially recognised at transaction
price unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest.


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ORGANA DIAGNOSTICS & THERAPY LTD (REGISTERED NUMBER: 07480541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Accrued income
Income is accrued at sales value and is due from work done on contracts and not yet invoiced.

Cash at bank and cash in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.

Transition to frs102
These financial statements for the year ended 31 December 2016 are the first financial statements that
comply with FRS 102 Section 1A small entities. No adjustments were made to the the opening
balances at the date of transition or the comparative year. The transition date was 1 January 2015.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 5 continued...
ORGANA DIAGNOSTICS & THERAPY LTD (REGISTERED NUMBER: 07480541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016 8,107
Additions 244
At 31 December 2016 8,351
DEPRECIATION
At 1 January 2016 6,329
Charge for year 1,824
At 31 December 2016 8,153
NET BOOK VALUE
At 31 December 2016 198
At 31 December 2015 1,778

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary A £1 1 1
99 Ordinary B £1 99 99
100 100

Page 6
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ORGANA DIAGNOSTICS & THERAPY LTD

The following reproduces the text of the report prepared for the directors and members in respect of
the company's annual unaudited financial statements. In accordance with the Companies Act 2006,
the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income
Statement and certain other primary statements and the Report of the Directors are not required to be
filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Organa Diagnostics & Therapy Ltd for the year ended 31 December 2016 which
comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Organa Diagnostics & Therapy Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Organa Diagnostics & Therapy Ltd and state those matters that we have agreed to state to the Board of Directors of Organa Diagnostics & Therapy Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Organa Diagnostics & Therapy Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Organa Diagnostics & Therapy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Organa Diagnostics & Therapy Ltd. You consider that Organa Diagnostics & Therapy Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Organa Diagnostics & Therapy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bevan & Buckland
Chartered Accountants
Langdon House
Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY


Date: .............................................

This page does not form part of the statutory financial statements

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