Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Alipharma Limited
(Registration number: 06091428)
Abbreviated Balance Sheet at 31 March 2015
Note |
2015
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2014
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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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 |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
.........................................
Mr. MA Ali
Director
1
Alipharma Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Under FRS10 amortisation should be provided on intangible fixed assets so as to write off the cost, less any residual value, over their expected useful economic life as follows: Goodwill is shown in the accounts as at cost at 8th February 2007
The directors of the company choose not to amortise goodwill as in their opinion the current value of goodwill is in excess of the cost. This is a departure from accounting standard FRS10. this departure is necessary in order to give a true and fair view. FRS10 requires assets to be amortised over a period not exceeding 20 years if this had been followed the accounts would show intangible fixed assets of:
2011: - Cost £ 100,000 Amortisation £ 20,000
2012: - Cost £ 100,000 Amortisation £ 25,000
2013: - Cost £ 100,000 Amortisation £ 30,000
2014: - Cost £ 100,000 Amortisation £ 35,000
2014: - Cost £ 100,000 Amortisation £ 40,000
2015: - Cost £ 100,000 Amortisation £ 45,000
Asset class |
Amortisation method and rate |
Positive goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Motor vehicles |
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Land and Buildings |
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Office Equipment |
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Stock
Alipharma Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued
Deferred tax
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2014 |
100,000 |
104,914 |
204,914 |
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Additions |
- |
21,278 |
21,278 |
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Disposals |
- |
(11,804) |
(11,804) |
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At 31 March 2015 |
100,000 |
114,388 |
214,388 |
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Depreciation |
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At 1 April 2014 |
- |
56,532 |
56,532 |
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Charge for the year |
- |
10,941 |
10,941 |
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Eliminated on disposals |
- |
(9,089) |
(9,089) |
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At 31 March 2015 |
- |
58,384 |
58,384 |
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Net book value |
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At 31 March 2015 |
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At 31 March 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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