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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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CELL GUIDANCE SYSTEMS LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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FOR |
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CELL GUIDANCE SYSTEMS LIMITED |
CELL GUIDANCE SYSTEMS LIMITED (REGISTERED NUMBER: 07122793) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 6 |
CELL GUIDANCE SYSTEMS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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5 High Green |
Great Shelford |
Cambridge |
Cambridgeshire |
CB22 5EG |
CELL GUIDANCE SYSTEMS LIMITED (REGISTERED NUMBER: 07122793) |
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BALANCE SHEET |
31ST DECEMBER 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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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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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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 Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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CELL GUIDANCE SYSTEMS LIMITED (REGISTERED NUMBER: 07122793) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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1. | STATUTORY INFORMATION |
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Cell Guidance Systems Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The presentation currency is £ sterling. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Laboratory equipment | - |
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Furniture & fixtures | - |
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Office equipment | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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CELL GUIDANCE SYSTEMS LIMITED (REGISTERED NUMBER: 07122793) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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4. | TANGIBLE FIXED ASSETS |
Laboratory | Furniture | Office | Computer |
equipment | & fixtures | equipment | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1st January 2017 |
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Additions |
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Disposals | ( |
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At 31st December 2017 |
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DEPRECIATION |
At 1st January 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st December 2016 |
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5. | STOCKS |
2017 | 2016 |
£ | £ |
Stocks |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Cell GS LLC |
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Other debtors | 6,179 | - |
Unpaid share capital | 1,706 | 1,706 |
Directors' current accounts | - | 2,214 |
VAT |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Other creditors |
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Directors' current accounts | 5,600 | - |
Accrued expenses |
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CELL GUIDANCE SYSTEMS LIMITED (REGISTERED NUMBER: 07122793) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2017 |
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8. | RELATED PARTY DISCLOSURES |
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Dr M H Jones, a director, has made a loans to the company in previous years and has been repaying these over a |
period of time. Interest was levied at the rate of 10% p.a. on the average balance outstanding during the period. |
At the balance sheet date the loan account balance was £5,600 (In Debit 2016 - £2,214). |
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9. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
CELL GUIDANCE SYSTEMS LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Cell Guidance Systems Limited for the year ended 31st December 2017 which comprise the |
Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Cell Guidance Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cell Guidance Systems Limited and state those matters that we have agreed to state to the Board of Directors of Cell Guidance Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cell Guidance Systems Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Cell Guidance Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cell Guidance Systems Limited. You consider that Cell Guidance Systems Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Cell Guidance Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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5 High Green |
Great Shelford |
Cambridge |
Cambridgeshire |
CB22 5EG |
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Date: ............................................. |