Pulse EMS Research Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05888832 (England and Wales)

PULSE EMS RESEARCH LIMITED

Financial Statements for the Year Ended 31 December 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

P Blay

M Ellis

SECRETARY:

P Blay

REGISTERED OFFICE:

2 Highlands Court

Cranmore Avenue

Solihull

West Midlands

B90 4LE

REGISTERED NUMBER:

05888832 (England and Wales)

ACCOUNTANTS:

Eden Currie Limited

Chartered Accountants

2 Highlands Court

Cranmore Avenue

Solihull

West Midlands

B90 4LE

FIXED ASSETS

Tangible assets

4

1,820

1,280

CURRENT ASSETS

Debtors

5

32,051

30,636

Cash at bank

328,812

331,094

360,863

361,730

CREDITORS

Amounts falling due within one year

6

95,135

71,184

NET CURRENT ASSETS

265,728

290,546

TOTAL ASSETS LESS CURRENT LIABILITIES

267,548

291,826

PROVISIONS FOR LIABILITIES

211

80

NET ASSETS

267,337

291,746

CAPITAL AND RESERVES

Share capital

7

2

2

Retained earnings

267,335

291,744

SHAREHOLDERS' FUNDS

267,337

291,746

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

The members have not required the company to obtain an audit of its financial statements for the year 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 26 September 2018 and were signed on its behalf by:

M Ellis - Director

1.	STATUTORY INFORMATION

Pulse EMS Research 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% 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 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 3 (2016 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2017

10,034

Additions

1,133

At 31 December 2017

11,167

DEPRECIATION

At 1 January 2017

8,754

Charge for year

593

At 31 December 2017

9,347

NET BOOK VALUE

At 31 December 2017

1,820

At 31 December 2016

1,280

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

31,573

30,163

Other debtors

478

473

32,051

30,636

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

49,765

4,332

Taxation and social security

9,622

26,469

Other creditors

35,748

40,383

95,135

71,184

7.	SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2