PGB Diagnostics Limited - Accounts to registrar

REGISTERED NUMBER: 04115072 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

PGB DIAGNOSTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr P G Barker

REGISTERED OFFICE:

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

REGISTERED NUMBER:

04115072 (England and Wales)

ACCOUNTANTS:

Lucentum Ltd

Kingfisher House

11 Hoffmanns Way

Chelmsford

Essex

CM1 1GU

FIXED ASSETS

Tangible assets

5

274

2,873

CURRENT ASSETS

Debtors

6

14,449

15,037

Cash at bank

190,257

383,160

204,706

398,197

CREDITORS

Amounts falling due within one year

7

74,105

272,407

NET CURRENT ASSETS

130,601

125,790

TOTAL ASSETS LESS CURRENT
LIABILITIES

130,875

128,663

PROVISIONS FOR LIABILITIES

55

575

NET ASSETS

130,820

128,088

CAPITAL AND RESERVES

Called up share capital

8

1

Retained earnings

9

130,819

128,087

SHAREHOLDERS' FUNDS

130,820

128,088

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

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

The financial statements were approved by the director on 23 August 2017 and were signed by:

Dr P G Barker - Director

1.	STATUTORY INFORMATION

PGB Diagnostics Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

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 and 25% on cost

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 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

and 31 December 2016

16,410

DEPRECIATION

At 1 January 2016

13,537

Charge for year

2,599

At 31 December 2016

16,136

NET BOOK VALUE

At 31 December 2016

274

At 31 December 2015

2,873

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade debtors

12,536

11,774

Other debtors

1,913

3,263

14,449

15,037

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Taxation and social security

3,799

5,703

Other creditors

70,306

266,704

74,105

272,407

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.16

31.12.15

value:

£

1

Ordinary

£1

1

9.

RESERVES

Retained

earnings

£

At 1 January 2016

128,087

Profit for the year

2,732

At 31 December 2016

130,819

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr P G Barker.

11.	RELATED PARTY NOTE

At the balance sheet date P G Barker, a director of the company, was owed £10,111 (2015 -

£205,031).

12.	FIRST YEAR ADOPTION

There were no changes in the balance sheet and/or the income statement with the adoption of Section

1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable

in the UK and the Republic of Ireland".

PGB Diagnostics Limited - Accounts to registrar - small 17.2

PGB Diagnostics Limited - Accounts to registrar - small 17.2