Gardx Assure Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09339557

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Gardx Assure Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V A Coutin

SECRETARY:

V A Coutin

REGISTERED OFFICE:

Unit 7 Clovelly Business Park

Clovelly Road

Southbourne

Emsworth

Hampshire

PO10 8PE

REGISTERED NUMBER:

09339557

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

Brigham House

High Street

Biggleswade

Bedfordshire

SG18 0LD

FIXED ASSETS

Intangible assets

4

39,355

59,032

CURRENT ASSETS

Debtors

5

354,877

-

Cash at bank

65,772

489

420,649

489

CREDITORS

Amounts falling due within one year

6

296,565

59,659

NET CURRENT ASSETS/(LIABILITIES)

124,084

(59,170

)

TOTAL ASSETS LESS CURRENT LIABILITIES

163,439

(138

)

CREDITORS

Amounts falling due after more than one year

7

44,000

-

NET ASSETS/(LIABILITIES)

119,439

(138

)

CAPITAL AND RESERVES

Called up share capital

11,001

1

Retained earnings

108,438

(139

)

SHAREHOLDERS' FUNDS

119,439

(138

)

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 21 December 2017 and were signed by:

V A Coutin - Director

1.	STATUTORY INFORMATION

Gardx Assure Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2016

and 31 December 2016

59,032

AMORTISATION

Charge for year

19,677

At 31 December 2016

19,677

NET BOOK VALUE

At 31 December 2016

39,355

At 31 December 2015

59,032

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

252,757

-

Other debtors

102,120

-

354,877

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

67,455

9,659

Taxation and social security

27,110

-

Other creditors

202,000

50,000

296,565

59,659

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other creditors

44,000

-

8.	RELATED PARTY DISCLOSURES

The director and a shareholder of the company is also a director and shareholder of other related party

companies.

At 31 December 2016 Gardx Assure Limited was owed £100,000 by a related party company.

In addition at 31 December 2016 Gardx Assure Limited owed £44,000 to a related party company.