Liverpool Chirochem Limited - Accounts to registrar (filleted) - small 18.1

Liverpool Chirochem Limited

Financial Statements for the Period 1 April 2017 to 31 December 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr P Colbon

C Jiang

Dr S Neophytou

Dr S B Parker

P J Tottey

M J Fletcher

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

08900140 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Intangible assets

4

3,214

3,353

Tangible assets

5

12,854

5,854

16,068

9,207

CURRENT ASSETS

Stocks

37,045

31,321

Debtors

6

480,876

380,290

Cash at bank

420,817

172,334

938,738

583,945

CREDITORS

Amounts falling due within one year

7

70,878

31,667

NET CURRENT ASSETS

867,860

552,278

TOTAL ASSETS LESS CURRENT LIABILITIES

883,928

561,485

CAPITAL AND RESERVES

Called up share capital

21,780

19,048

Share premium

1,435,582

1,005,722

Retained earnings

(573,434

)

(463,285

)

SHAREHOLDERS' FUNDS

883,928

561,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 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 23 May 2018 and were signed on its behalf by:

Dr P Colbon - Director

1.	STATUTORY INFORMATION

Liverpool Chirochem 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 represents the value, net of value added tax and discounts, of goods provided to customers and work

carried out in respect of services provided to customers.

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.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 period was 8 (2017 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 December 2017

3,726

AMORTISATION

At 1 April 2017

373

Charge for period

139

At 31 December 2017

512

NET BOOK VALUE

At 31 December 2017

3,214

At 31 March 2017

3,353

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

11,468

Additions

9,723

At 31 December 2017

21,191

DEPRECIATION

At 1 April 2017

5,614

Charge for period

2,723

At 31 December 2017

8,337

NET BOOK VALUE

At 31 December 2017

12,854

At 31 March 2017

5,854

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.3.17

£

£

Trade debtors

56,818

74,084

Amounts owed by group undertakings

372,039

285,548

Other debtors

52,019

20,658

480,876

380,290

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.3.17

£

£

Trade creditors

27,710

6,993

Other creditors

43,168

24,674

70,878

31,667

8.	ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate

controlling party.