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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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Arrowmight Biosciences Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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for |
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Arrowmight Biosciences Limited |
Arrowmight Biosciences Limited (Registered number: 02560430) |
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Contents of the Financial Statements |
for the year ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Arrowmight Biosciences Limited |
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Company Information |
for the year ended 31 December 2016 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Unit 2 Foley Works |
Foley Industrial Estate |
Hereford |
Herefordshire |
HR1 2SF |
Arrowmight Biosciences Limited (Registered number: 02560430) |
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Abridged Balance Sheet |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 3 |
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Tangible assets | 4 |
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Investments | 5 |
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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 |
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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: |
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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. |
Arrowmight Biosciences Limited (Registered number: 02560430) |
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Abridged Balance Sheet - continued |
31 December 2016 |
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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 on
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Arrowmight Biosciences Limited (Registered number: 02560430) |
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Notes to the Financial Statements |
for the year ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Arrowmight Biosciences 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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No adjustments were made to the reported financial position and performance of the company on its first-time |
adoption of FRS102 (section 1A). |
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Preparation of consolidated financial statements |
The financial statements contain information about Arrowmight Biosciences Limited as an individual company |
and do not contain consolidated financial information as the parent of a group. The company has taken the option |
under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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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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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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Amortisation |
Amortisation is calculated so as to write off the cost of an intangible fixed asset, less its estimated residual value, |
over the useful economic life of that asset. |
The patent has been written off in full (less its residual value of £1) in earlier years. |
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Tangible fixed assets |
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Leasehold property | - |
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Fixtures and fittings | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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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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Leasehold property |
The leasehold property was originally to be written off over 50 years. |
No depreciation has been provided in these accounts as the directors consider there has been no diminution in |
value during the year to 31 December 2016. |
Arrowmight Biosciences Limited (Registered number: 02560430) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2016 |
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3. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
Cost |
At 1 January 2016 |
and 31 December 2016 |
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Amortisation |
At 1 January 2016 |
and 31 December 2016 |
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Net book value |
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At 31 December 2016 |
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At 31 December 2015 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
Cost |
At 1 January 2016 |
and 31 December 2016 |
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Depreciation |
At 1 January 2016 |
and 31 December 2016 |
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Net book value |
At 31 December 2016 |
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At 31 December 2015 |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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Cost |
At 1 January 2016 |
and 31 December 2016 | 526,745 |
Provisions |
At 1 January 2016 |
and 31 December 2016 | 50,245 |
Net book value |
At 31 December 2016 | 476,500 |
At 31 December 2015 | 476,500 |
Arrowmight Biosciences Limited (Registered number: 02560430) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2016 |
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5. | FIXED ASSET INVESTMENTS - continued |
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The company owns 100% of the issued share capital of the following companies:- |
Modular Systems and Developments Company Limited |
Modular Systems Hygiene Services Limited |
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Aggregate capital and reserves | 2016 | 2015 |
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Modular Systems and Developments Company Limited | 325,571 | 275,663 |
Modular Systems Hygiene Services Limited | (5,549 | ) | (5,549 | ) |
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Profit (Loss) for the year after taxation |
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Modular Systems and Developments Company Limited | 49,908 | (147,032 | ) |
Modular Systems Hygiene Services Limited | - | - |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2016 and |
31 December 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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7. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £24,868 (2015 - £24,868) were paid to the directors . |