Celentyx Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 05304904 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Celentyx Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Professor N M Barnes

Professor J Gordon

Professor A Boyd

SECRETARY:

Mrs R Hart

REGISTERED OFFICE:

Birmingham Research Park

Vincent Drive

Birmingham

West Midlands

B15 2SQ

REGISTERED NUMBER:

05304904 (England and Wales)

ACCOUNTANTS:

Rachael Hart Chartered Accountant

3 Evelench Barns

Evelench Lane

Tibberton

Worcestershire

WR9 7NY

FIXED ASSETS

Tangible assets

4

5,284

6,687

CURRENT ASSETS

Debtors

5

46,925

88,890

Cash at bank

204,932

56,351

251,857

145,241

CREDITORS

Amounts falling due within one year

6

115,443

54,938

NET CURRENT ASSETS

136,414

90,303

TOTAL ASSETS LESS CURRENT LIABILITIES

141,698

96,990

CAPITAL AND RESERVES

Called up share capital

121

121

Share premium

230,842

230,842

Retained earnings

(89,265

)

(133,973

)

SHAREHOLDERS' FUNDS

141,698

96,990

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 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 Board of Directors on 20 September 2017 and were signed on its behalf by:

Professor N M Barnes - Director

1.	STATUTORY INFORMATION

Celentyx 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.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2016

36,855

Additions

1,235

Disposals

(1,183

)

At 31 December 2016

36,907

DEPRECIATION

At 1 January 2016

30,168

Charge for year

1,455

At 31 December 2016

31,623

NET BOOK VALUE

At 31 December 2016

5,284

At 31 December 2015

6,687

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

46,925

88,890

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

38,549

38,321

Taxation and social security

12,635

10,617

Other creditors

64,259

6,000

115,443

54,938