Wilson Healthcare Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05550542

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2014

for

WILSON HEALTHCARE LIMITED

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

to

5

FIXED ASSETS

Intangible assets

2

42,507

46,342

Tangible assets

3

3,868

2,809

46,375

49,151

CURRENT ASSETS

Cash at bank and in hand

14,319

16,817

CREDITORS

Amounts falling due within one year

4

23,199

24,528

NET CURRENT LIABILITIES

(8,880

)

(7,711

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,495

41,440

CREDITORS

Amounts falling due after more than one year

4

(1,212

)

(9,658

)

PROVISIONS FOR LIABILITIES

(443

)

(159

)

NET ASSETS

35,840

31,623

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit & loss account

35,740

31,523

SHAREHOLDERS' FUNDS

35,840

31,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 May 2015 and were signed by:

Dr R Wilson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

The total turnover of the company for the year has been derived from its principal activity wholly

undertaken in the UK.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Library

-

10% on cost

F, F and equipment

-

15% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date where transactions or events have occurred at that date that will result in an

obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is 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 an undiscounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

76,704

AMORTISATION

At 1 September 2013

30,362

Amortisation for year

3,835

At 31 August 2014

34,197

NET BOOK VALUE

At 31 August 2014

42,507

At 31 August 2013

46,342

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

18,710

Additions

2,241

At 31 August 2014

20,951

DEPRECIATION

At 1 September 2013

15,901

Charge for year

1,182

At 31 August 2014

17,083

NET BOOK VALUE

At 31 August 2014

3,868

At 31 August 2013

2,809

4.

CREDITORS

Creditors include an amount of £ 9,445 (2013 - £ 18,356 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2014 and

31 August 2013:

2014

2013

£

£

Dr R Wilson

Balance outstanding at start of year

-

-

Amounts advanced

8,661

11,793

Amounts repaid

(8,661

)

(11,793

)

Balance outstanding at end of year

-

-

During the year the following amounts were advanced to the director:

£

1 x amount of £1,635

1,635

3 x amounts of £1,717

5,151

1 x amount of £1,819

1,819

Interest charged at 4%

56

8,661

Interest was charged at a commercial rate of 4% on any overdrawn balance.

The loan was repaid in full on the 6 April 2014.