Company Registration No. 09328114 (England and Wales)
AFDOS PHARMACEUTICALS LIMITED
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2015
AFDOS PHARMACEUTICALS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AFDOS PHARMACEUTICALS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
Notes
£
£
Fixed assets
Intangible assets
2
31,414
Current assets
Debtors
13,662
Cash at bank and in hand
206,912
220,574
Creditors: amounts falling due within one year
(4,369)
Net current assets
216,205
Total assets less current liabilities
247,619
Creditors: amounts falling due after more than one year
(283,320)
(35,701)
Capital and reserves
Called up share capital
3
170
Profit and loss account
(35,871)
Shareholders' funds
(35,701)
For the financial period ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 August 2016
Mr P Hulett
Director
Company Registration No. 09328114
AFDOS PHARMACEUTICALS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
1.5
Amortisation is c
harged
over the
period of the licence agreement once the product is authorised for sale.
2
Fixed assets
Intangible assets
£
Cost
At 26 November 2014
-
Additions
31,414
At 31 December 2015
31,414
3
Share capital
2015
£
Allotted, called up and fully paid
170 Ordinary shares of £1 each
170
Upon incorporation, on 26 November 2014, 1
2
0 £1 ordinary shares were issued
at par
.
A further 50 £1 ordinary shares were issued on 29 September 2015 at par.