Phico Therapeutics Limited - Abbreviated accounts 16.1
Phico Therapeutics Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| FOR |
| PHICO THERAPEUTICS LIMITED |
| PHICO THERAPEUTICS LIMITED (REGISTERED NUMBER: 04062313) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| PHICO THERAPEUTICS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| PHICO THERAPEUTICS LIMITED (REGISTERED NUMBER: 04062313) |
| ABBREVIATED BALANCE SHEET |
| 31 AUGUST 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The directors acknowledge their 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. |
| PHICO THERAPEUTICS LIMITED (REGISTERED NUMBER: 04062313) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 AUGUST 2015 |
| The financial statements were approved by the Board of Directors on |
| PHICO THERAPEUTICS LIMITED (REGISTERED NUMBER: 04062313) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| 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). |
| Tangible fixed assets |
| Laboratory equipment | - |
| Fixtures and fittings | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2014 |
| Additions |
| At 31 August 2015 |
| DEPRECIATION |
| At 1 September 2014 |
| Charge for year |
| At 31 August 2015 |
| NET BOOK VALUE |
| At 31 August 2015 |
| At 31 August 2014 |
| PHICO THERAPEUTICS LIMITED (REGISTERED NUMBER: 04062313) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2015 |
| 3. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Class: |
Nominal value: |
| 1,844,508 | Ordinary | 0.1p | 1,845 | 1,786 |
| (2014 - 1,786,430) |
| The following fully paid shares were allotted during the year: |
| 58,078 Ordinary 0.1p shares for total cash proceeds of £522,644 from which no associated fundraising expenses |
| have been deducted. |
| The company operates both approved and unapproved share option schemes and there were 500 options granted |
| during the year at £9 per share, no options lapsed. |
| The total pool of issued options at the year end was 129,047 (2014: 128,547) with exercise prices between £2.48 |
| and £9.00 per share. |