Registered Number SC282274
ANTOXIS LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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( |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Share premium account |
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Profit and loss account |
( |
( |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Computer equipment - 25% on cost.
Intangible assets amortisation policy
Patents - over the life of the patents.
Other accounting policies
Research and Development - Research and development expenditure is written off in the year in which it is incurred.
Going Concern - The company has continued to achieve encouraging results from its scientific programmes and continues discussions with potential industrial and funding partners. After the date of the Balance Sheet, but before the date of approval of these accounts, the company had entered into an agreement in principle for testing the potential efficacy of its compounds in an important therapeutic area. During the course of that contract, additional cash requirements will be minimal and consequently, the directors believe that it is appropriate to prepare the financial statements on a going concern basis.
Deferred Tax - Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.
A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on a non-discounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse,based on tax rates and laws that have been enacted or substantially enacted by the balance sheet date.
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2015 |
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Amortisation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 56,177 |
At 31 March 2014 | 62,837 |
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
|
Revaluations |
|
Transfers |
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At 31 March 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
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At 31 March 2015 |
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Net book values | |
At 31 March 2015 | 353 |
At 31 March 2014 | 129 |