Academic Health Solutions Ltd - Period Ending 2016-12-31

Registration number: 09337747

Academic Health Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Roffe Swayne
Ashcombe Court
Woolsack Way
Godalming
Surrey
GU7 1LQ

Academic Health Solutions Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

Academic Health Solutions Ltd

Company Information

Directors

S Laver DR Perrett J E Tooke

Registered office

5th Floor 8-10 Great George Street London SW1P 3AE

Accountants

Roffe Swayne Ashcombe Court Woolsack Way Godalming Surrey GU7 1LQ

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Academic Health Solutions Ltd

(Registration number: 09337747)
Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	4	9,547	12,730
Current assets
Debtors	5	20,275	100
Cash at bank and in hand		6,197	-
		26,472	100
Creditors: Amounts falling due within one year	6	(217,848)	(63,981)
Net current liabilities		(191,376)	(63,881)
Net liabilities		(181,829)	(51,151)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(181,929)	(51,251)
Total equity		(181,829)	(51,151)

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The profit and loss account and directors’ report have not been delivered to the Registrar of Companies in accordance with section 444 of the Companies Act 2006.

Approved and authorised by the Board on 19 September 2017 and signed on its behalf by:
 

.........................................

S Laver

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

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Academic Health Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in England and Wales. The company's registered office and principal place of business can be found on the Company Information page.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, on the basis that it will continue to receive financial support from the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	Straight line over 3 years

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2015 - 1).

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Academic Health Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

4	Tangible assets

	Computer equipment  £	Total £
Cost or valuation
At 1 January 2016	12,730	12,730
At 31 December 2016	12,730	12,730
Depreciation
Charge for the year	3,183	3,183
At 31 December 2016	3,183	3,183
Carrying amount
At 31 December 2016	9,547	9,547
At 31 December 2015	12,730	12,730

5

Debtors

	2016 £	2015 £
Trade debtors	13,520	-
Other debtors	6,755	100
Total current trade and other debtors	20,275	100

6

Creditors

	Note	2016 £	2015 £
Due within one year
Trade creditors		419	-
Taxation and social security		2,456	5,223
Other creditors		213,873	57,758
Accruals		1,100	1,000
		217,848	63,981

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Academic Health Solutions Ltd

Notes to the Financial Statements for the Year Ended 31 December 2016

7	Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

8	Transition to FRS 102

The financial statements for the year ended 31 December 2015 were prepared under the financial reporting framework in accordance with United Kingdom Generally Accepted Accounting Practice (UK GAAP).The transition to the "Financial Reporting Standard 102" ("FRS 102") has had no impact on its reported financial position or financial performance. Accordingly, no reconciliation of its equity determined under old UK GAAP to its equity under FRS 102 at 31 December 2015, or of its profit determined under old UK GAAP at 31 December 2015 to its profit determined in accordance with FRS 102 have been presented.

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