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CORVAX RESEARCH AND ANALYSIS LTD
REGISTERED NUMBER:10084797
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2020
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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For the year ended 31 March 2020 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the 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 by:
The notes on page 2 form part of these financial statements.
Page 1
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CORVAX RESEARCH AND ANALYSIS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
Corvax Research and Analysis Ltd is a private limited company limited by shares incorporated in England and Wales, registered number 10084797. The registered office is 2nd Floor Stratus House, Emperor Way, Exeter Business Park, Exeter, EX1 3QS.
2.Accounting policies
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Basis of preparation of financial statements
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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.
At the balance sheet date the company had net liabilities of £13,241. The company has enjoyed the support of the director in the year and this support will continue. For this reason the accounts have been prepared on a going concern basis.
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.
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The average monthly number of employees, including directors, during the year was 2 (2019: 2).
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Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR
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ALLOTTED, CALLED UP AND FULLY PAID
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100 (2019: 100) Ordinary shares of £1.00 each
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Related party transactions
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During the year, a director maintained a current account with the company. At the year end, the company owed the director £13,417 (2019:£13,417).
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Page 2
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