Wilson Healthcare Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05550542

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

Wilson Healthcare Limited

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

to

4

FIXED ASSETS

Intangible assets

2

38,671

42,507

Tangible assets

3

2,646

3,868

41,317

46,375

CURRENT ASSETS

Debtors

1,654

230

Cash at bank and in hand

12,788

14,319

14,442

14,549

CREDITORS

Amounts falling due within one year

4

14,027

23,429

NET CURRENT ASSETS/(LIABILITIES)

415

(8,880

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,732

37,495

CREDITORS

Amounts falling due after more than one
year

4

-

(1,212

)

PROVISIONS FOR LIABILITIES

(258

)

(443

)

NET ASSETS

41,474

35,840

CAPITAL AND RESERVES

Called up share capital

5

100

Profit & loss account

41,374

35,740

SHAREHOLDERS' FUNDS

41,474

35,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 31 May 2016 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 2014

and 31 August 2015

76,704

AMORTISATION

At 1 September 2014

34,197

Amortisation for year

3,836

At 31 August 2015

38,033

NET BOOK VALUE

At 31 August 2015

38,671

At 31 August 2014

42,507

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

20,951

Additions

529

Disposals

(2,293

)

At 31 August 2015

19,187

DEPRECIATION

At 1 September 2014

17,083

Charge for year

720

Eliminated on disposal

(1,262

)

At 31 August 2015

16,541

NET BOOK VALUE

At 31 August 2015

2,646

At 31 August 2014

3,868

4.

CREDITORS

Creditors include an amount of £ 1,269 (2014 - £ 9,445 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100