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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2014 |
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for |
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Fast Track Pharma Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2014 |
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for |
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Fast Track Pharma Limited |
Fast Track Pharma Limited (Registered number: 07744460) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
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Chartered Accountants' Report | 5 |
Fast Track Pharma Limited |
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Company Information |
for the Year Ended 31 December 2014 |
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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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Chartered Accountants |
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Fast Track Pharma Limited (Registered number: 07744460) |
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Abbreviated Balance Sheet |
31 December 2014 |
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31.12.14 | 31.12.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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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 | 3 |
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Share premium |
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Profit and loss account | ( |
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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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The financial statements were approved by the Board of Directors on
by: |
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Fast Track Pharma Limited (Registered number: 07744460) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Deferred tax |
Full provision is made for deferred tax assets and liabilities in respect of all material timing differences between |
recognition of gains and losses in the financial statements and recognition in the tax computation. However, a |
net deferred tax asset is recognised only to the extent that the directors consider that it is more likely than not that |
there will be future taxable profits against which the reversal of the timing differences can de deducted. |
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Deferred tax assets and liabilities are calculated at the tax rates expected to be effective when the timing |
differences are expected to reverse. |
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Deferred tax assets and liabilities are not discounted. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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COST |
At 1 January 2014 |
and 31 December 2014 | 2,000 |
NET BOOK VALUE |
At 31 December 2014 |
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At 31 December 2013 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Joint venture |
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Nature of business:
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Class of shares: | holding |
Ordinary | 50.00 |
31.12.14 | 30.11.12 |
£ | £ |
Aggregate capital and reserves | 4 | 4 |
Loans |
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At 1 January 2014 | 10,000 |
Additions | 14,000 |
At 31 December 2014 | 24,000 |
Fast Track Pharma Limited (Registered number: 07744460) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2014 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
value: | £ | £ |
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Share capital 1 | 1p |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Fast Track Pharma 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, from which the unaudited abbreviated accounts (set out on pages two to four) |
have been prepared. |
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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 Fast Track Pharma Limited for the year ended 31 December 2014 which comprise the Profit and |
Loss Account, the 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 at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of Fast Track Pharma 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 Fast Track Pharma Limited and state those matters that we have agreed to state to the Board of Directors of Fast Track Pharma Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company 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 Fast Track Pharma 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 Fast Track Pharma Limited. You consider that Fast Track Pharma 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 Fast Track Pharma 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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Chartered Accountants |
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25 November 2015 |