eTab Health Limited - Period Ending 2017-04-30

Registration number: 08019439

eTab Health Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2017

Mr Robert Wood
27 Silver Birch Drive
Hollywood
Birmingham
B47 5RB

eTab Health Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 9

eTab Health Limited

Company Information

Director

Mr C Wilson

Company secretary

Mrs M L Wilson

Registered office

3 Manor Court Dunstall Road Barton under Needwood Burton on Trent Staffordshire DE13 8AU

Accountants

Mr Robert Wood 27 Silver Birch Drive Hollywood Birmingham B47 5RB

Page 1

eTab Health Limited

(Registration number: 08019439)
Balance Sheet as at 30 April 2017

	Note	2017 £	(As restated) 2016 £
Fixed assets
Tangible assets	4	7,416	9,235
Current assets
Debtors	5	53,289	59,460
Cash at bank and in hand		122,237	143,441
		175,526	202,901
Creditors: Amounts falling due within one year	6	(38,994)	(25,148)
Net current assets		136,532	177,753
Net assets		143,948	186,988
Capital and reserves
Called up share capital		100	100
Profit and loss account		143,848	186,888
Total equity		143,948	186,988

For the financial year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 4 to 9 form an integral part of these financial statements.

Page 2

eTab Health Limited

(Registration number: 08019439)
Balance Sheet as at 30 April 2017

Approved and authorised by the director on 29 January 2018
 

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

Mr C Wilson

Director

The notes on pages 4 to 9 form an integral part of these financial statements.

Page 3

eTab Health Limited

Notes to the Financial Statements for the Year Ended 30 April 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
3 Manor Court
Dunstall Road
Barton under Needwood
Burton on Trent
Staffordshire
DE13 8AU
United Kingdom

These financial statements were authorised for issue by the director on 29 January 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

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
Leasehold improvements	20% straight line
Fixtures and fittings	10% straight line
Office equipment	33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 4

eTab Health Limited

Notes to the Financial Statements for the Year Ended 30 April 2017

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2016 - 5).

Page 5

eTab Health Limited

Notes to the Financial Statements for the Year Ended 30 April 2017

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2016	750	13,191	13,941
Additions	-	581	581
At 30 April 2017	750	13,772	14,522
Depreciation
At 1 May 2016	212	4,494	4,706
Charge for the year	150	2,250	2,400
At 30 April 2017	362	6,744	7,106
Carrying amount
At 30 April 2017	388	7,028	7,416
At 30 April 2016	538	8,697	9,235

Included within the net book value of land and buildings above is £388 (2016 - £538) in respect of short leasehold land and buildings.
 

5

Debtors

	Note	2017 £	(As restated) 2016 £
Trade debtors		(415)	(511)
Amounts owed by group companies and other related parties	7	30,100	30,100
Other debtors		23,604	29,871
Total current trade and other debtors		53,289	59,460

Page 6

eTab Health Limited

Notes to the Financial Statements for the Year Ended 30 April 2017

6

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		7,294	1,647
Amounts owed to directors and other related parties	7	7,964	5,408
Taxation and social security		479	2,291
Other creditors		23,257	15,802
		38,994	25,148

7	Related party transactions

Transactions with directors

2017	At 1 May 2016 £	Advances from directors £	At 30 April 2017 £
Mr C Wilson
Loan	5,408	2,555	7,963

2016	At 1 May 2015 £	Advances from directors £	At 30 April 2016 £
Mr C Wilson
Loan	671	4,737	5,408

Directors' remuneration

The director's remuneration for the year was as follows:

	2017 £	2016 £
Remuneration	8,050	8,040

Summary of transactions with associates

At 1st May 2016 and 30th April 2017, the company had an outstanding loan of £30,000 due from Kryo Science Limited, a company controlled by Mr C Wilson. The loan is interest free and repayable on demand.

Page 7

eTab Health Limited

Notes to the Financial Statements for the Year Ended 30 April 2017

8	Parent and ultimate parent undertaking

The company's immediate parent is eTab Health Group Limited, incorporated in England and Wales.

 The ultimate controlling party is Mr C Wilson.

9	Transition to FRS 102

Balance Sheet at 1 May 2015
 

	Note	As originally reported £	Remeasurement £	As restated £
Fixed assets
Tangible assets		8,004	-	8,004
Current assets
Debtors		47,085	-	47,085
Cash at bank and in hand		393,138	-	393,138
		440,223	-	440,223
Creditors: Amounts falling due within one year		(138,241)	-	(138,241)
Net current assets		301,982	-	301,982
Total assets less current liabilities		309,986	-	309,986
Provisions for liabilities		(1,178)	1,178	-
Net assets		308,808	1,178	309,986
Capital and reserves
Called up share capital		(100)	-	(100)
Profit and loss account		(308,708)	(1,178)	(309,886)
Total equity		(308,808)	(1,178)	(309,986)

Page 8

eTab Health Limited

Notes to the Financial Statements for the Year Ended 30 April 2017

Balance Sheet at 30 April 2016
 

	Note	As originally reported £	Remeasurement £	As restated £
Fixed assets
Investment property		9,235	-	9,235
Current assets
Debtors		38,394	-	38,394
Cash at bank and in hand		143,441	-	143,441
		181,835	-	181,835
Creditors: Amounts falling due within one year		(4,082)	-	(4,082)
Net current assets		177,753	-	177,753
Total assets less current liabilities		186,988	-	186,988
Provisions for liabilities		(1,506)	1,506	-
Net assets		185,482	1,506	186,988
Capital and reserves
Called up share capital		(100)	-	(100)
Profit and loss account		(185,382)	(1,506)	(186,888)
Total equity		(185,482)	(1,506)	(186,988)

Page 9