ViewItUK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09149002 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

VIEWITUK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr M C Donmall

Dr A Jones

Dr Y Taktak

REGISTERED OFFICE:

National Drug Evidence Centre (Ndec) 4th

Oxford Road

Manchester

M13 9PL

REGISTERED NUMBER:

09149002 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

Royal Bank of Scotland Plc

38 Mosley Street

Manchester

M60 2BE

FIXED ASSETS

Intangible assets

3

18,000

20,000

CURRENT ASSETS

Debtors

4

3,621

4,175

Cash at bank and in hand

40,334

50,305

43,955

54,480

CREDITORS

Amounts falling due within one year

5

32,538

37,037

NET CURRENT ASSETS

11,417

17,443

TOTAL ASSETS LESS CURRENT LIABILITIES

29,417

37,443

CAPITAL AND RESERVES

Called up share capital

20,003

20,003

Retained earnings

9,414

17,440

29,417

37,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 8 August 2018 and were signed on its behalf by:

Dr Y Taktak - Director

1.	STATUTORY INFORMATION

ViewItUK 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in

exchange for its performance of its obligations under the sales contract with the customer. The amount reported as

revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net

of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

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.

Intellectual property are being amortised evenly over their estimated useful life of ten 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2017

and 30 April 2018

20,000

AMORTISATION

Charge for year

2,000

At 30 April 2018

2,000

NET BOOK VALUE

At 30 April 2018

18,000

At 30 April 2017

20,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Other debtors

3,621

4,175

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Taxation and social security

-

4,524

Other creditors

32,538

32,513

32,538

37,037