ASH Life Sciences Limited - Accounts to registrar (filleted) - small 18.2
ASH Life Sciences Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
| FOR |
| ASH LIFE SCIENCES LIMITED |
| ASH LIFE SCIENCES LIMITED (REGISTERED NUMBER: 10160574) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 MAY 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ASH LIFE SCIENCES LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 MAY 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| and Statutory Auditor |
| 61 Queen Square |
| Bristol |
| BS1 4JZ |
| ASH LIFE SCIENCES LIMITED (REGISTERED NUMBER: 10160574) |
| BALANCE SHEET |
| 31 MAY 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ASH LIFE SCIENCES LIMITED (REGISTERED NUMBER: 10160574) |
| BALANCE SHEET - continued |
| 31 MAY 2018 |
| 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 signed on its behalf by: |
| ASH LIFE SCIENCES LIMITED (REGISTERED NUMBER: 10160574) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 MAY 2018 |
| 1. | STATUTORY INFORMATION |
| ASH Life Sciences Limited is a |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Financial instruments |
| Financial assets and liabilities are recognised in the balance sheet when the company becomes |
| party to the contractual provisions of the instrument. |
| Trade and other debtors and creditors are classified as basic financial instruments and are |
| measured on initial recognition at transaction price. Debtors and creditors are subsequently |
| measured at amortised cost using the effective interest rate method. A provision is established |
| when there is objective evidence that the company may not be able to collect all amounts due. |
| Cash and cash equivalents are classified as basic financial instruments and comprise cash in |
| hand and at bank. |
| Financial liabilities and equity instruments issued by the company are classified in accordance |
| with the substance of the contractual arrangements entered into and the definitions of a |
| financial liability and an equity instrument. An equity instrument is any contract that evidences a |
| residual interest in the assets of the company after deducting all of its liabilities. Equity |
| instruments issued by the company are recorded at the proceeds received, net of any direct |
| issue costs. |
| ASH LIFE SCIENCES LIMITED (REGISTERED NUMBER: 10160574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 MAY 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
| the period of the lease. |
| 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 year was |
| ASH LIFE SCIENCES LIMITED (REGISTERED NUMBER: 10160574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 MAY 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2017 |
| Additions |
| At 31 May 2018 |
| DEPRECIATION |
| At 1 June 2017 |
| Charge for year |
| At 31 May 2018 |
| NET BOOK VALUE |
| At 31 May 2018 |
| At 31 May 2017 |
| 5. | STOCKS |
| 2018 | 2017 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| ASH LIFE SCIENCES LIMITED (REGISTERED NUMBER: 10160574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 MAY 2018 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| VAT | 5,591 | 4,350 |
| Other creditors |
| Directors' current accounts | 35,933 | 37,198 |
| Accrued expenses |
| 8. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 June 2017 |
| Provided during year |
| Balance at 31 May 2018 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 80 | 80 |
| Ordinary B shares | £1 | 20 | 20 |
| 100 | 100 |
| ASH LIFE SCIENCES LIMITED (REGISTERED NUMBER: 10160574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 MAY 2018 |
| 10. | RELATED PARTY DISCLOSURES |
| Mr A Hill |
| As at the year end the company owed the director £17,967 (2017 - £18,599) in respect of funds |
| advanced to the company. The balance is unsecured, repayable on demand and does not |
| attract any interest charge. |
| Mrs S Hill |
| As at the year end the company owed the director £17,966 (2017 - £18,599) in respect of funds |
| advanced to the company. The balance is unsecured, repayable on demand and does not |
| attract any interest charge. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The company is jointly controlled by Mr A Hill and Mrs S Hill. |