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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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Proteinlogic Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2022 |
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Proteinlogic Limited |
Proteinlogic Limited (Registered number: 04762891) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2022 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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Proteinlogic Limited (Registered number: 04762891) |
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Balance Sheet |
31 March 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
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Tangible assets | 5 |
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Current assets |
Debtors | 6 |
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Cash at bank |
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Creditors: amounts falling due within
one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after
more than one year |
8 |
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Net assets |
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Proteinlogic Limited (Registered number: 04762891) |
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Balance Sheet - continued |
31 March 2022 |
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2022 | 2021 |
Notes | £ | £ | £ | £ |
Capital and reserves |
Called up share capital |
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Share premium |
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Capital redemption reserve |
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Retained earnings | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Proteinlogic Limited (Registered number: 04762891) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2022 |
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1. | Statutory information |
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Proteinlogic Limited is a
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Registered number: |
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Registered office: |
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The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£). |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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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. |
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Patents and licences are being amortised over their estimated useful lives of 14 and 18 years. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Computer equipment - 25% reducing balance |
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Government grants |
Government grants are recognised in the period to which they relate. |
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Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
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Proteinlogic Limited (Registered number: 04762891) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. |
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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. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2021 -
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4. | Intangible fixed assets |
Other |
intangible |
assets |
£ |
Cost |
Additions |
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At 31 March 2022 |
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Amortisation |
Charge for year |
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At 31 March 2022 |
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Net book value |
At 31 March 2022 |
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Proteinlogic Limited (Registered number: 04762891) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2022 |
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5. | Tangible fixed assets |
Computer |
equipment |
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Cost |
At 1 April 2021 |
and 31 March 2022 |
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Depreciation |
At 1 April 2021 |
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Charge for year |
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At 31 March 2022 |
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Net book value |
At 31 March 2022 |
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At 31 March 2021 |
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6. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Other debtors |
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7. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans |
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