ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

ECLINICAL FORUM LIMITED - Company Information

Print Friendly Version

Caseware UK (AP4) 2018.0.196 2018.0.196 2018-12-312018-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2018-01-01 10076719 2018-01-01 2018-12-31 10076719 2018-12-31 10076719 2017-12-31 10076719 c:Director6 2018-01-01 2018-12-31 10076719 d:CurrentFinancialInstruments 2018-12-31 10076719 d:CurrentFinancialInstruments 2017-12-31 10076719 d:CurrentFinancialInstruments d:WithinOneYear 2018-12-31 10076719 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 10076719 d:RetainedEarningsAccumulatedLosses 2018-12-31 10076719 d:RetainedEarningsAccumulatedLosses 2017-12-31 10076719 c:FRS102 2018-01-01 2018-12-31 10076719 c:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 10076719 c:FullAccounts 2018-01-01 2018-12-31 10076719 c:PublicLimitedCompanyPLCNotQuotedOnAnyExchange 2018-01-01 2018-12-31 10076719 c:CompanyLimitedByGuarantee 2018-01-01 2018-12-31 10076719 2 2018-01-01 2018-12-31 iso4217:GBP

Registered number: 10076719
















ECLINICAL FORUM LIMITED
(A COMPANY LIMITED BY GUARANTEE)

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2018






























ECLINICAL FORUM LIMITED
 
(A COMPANY LIMITED BY GUARANTEE)
REGISTERED NUMBER:10076719

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2018

2018
2017
Note
£
£

  

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
227,177
266,030

Cash at bank and in hand
  
43,356
20,225

  
270,533
286,255

Creditors: amounts falling due within one year
 5 
(334,664)
(329,173)

NET CURRENT LIABILITIES
  
 
 
(64,131)
 
 
(42,918)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(64,131)
(42,918)

  

NET LIABILITIES
  
(64,131)
(42,918)


CAPITAL AND RESERVES
  

Profit and loss account
  
(64,131)
(42,918)

  
(64,131)
(42,918)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 September 2019.




Richard Perkins
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

ECLINICAL FORUM LIMITED

(A COMPANY LIMITED BY GUARANTEE)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1.


GENERAL INFORMATION

eClinical Forum Limited is a private company, limited by guarantee, incorporated and registered in England within the United Kingdom. The registered office is 16 Queen Square, Bristol, BS1 4NT and the registered number is 10076719.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

At the balance sheet date the company had net liabilities of £64,131. The directors have considered the ability to continue as a going concern and believe this to be an appropriate basis on which to prepare accounts as the directors intend to continue to support the company for the foreseeable future.

 
2.3

REVENUE

Membership income is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Membership income  is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Membership income is recognised in the period covered by the subscription. 

 
2.4

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

CREDITORS

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

FINANCIAL INSTRUMENTS

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.7

INTEREST INCOME

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

Page 2

ECLINICAL FORUM LIMITED

(A COMPANY LIMITED BY GUARANTEE)

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

2.ACCOUNTING POLICIES (continued)

 
2.8

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 8 (2017: 9).


4.


DEBTORS

2018
2017
£
£


Trade debtors
215,142
256,789

Other debtors
12,035
407

Prepayments and accrued income
-
8,834

227,177
266,030



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018
2017
£
£

Trade creditors
13,236
-

Accruals and deferred income
321,428
329,173

334,664
329,173




6.


COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

 
Page 3