Abbreviated Company Accounts - INTELLIGENT HEALTH LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery Straight line on cost over 3 years
Fixtures, fittings & equipment 25% straight line on cost

Intangible assets amortisation policy
Intangible fixed assets and amortisation
Intangible Fixed Assets are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Beat the street CMS and database; My Activity Tracker - Written off over 5 years straight line on cost

Other accounting policies
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

During the year 39,584 ordinary A shares of £0.01 each were issued at a premium of £11.99 per share. (Rounded above as 39,600 and £396).

Also, during the year the previously held A ordinary shares of £1 were sub-divided and converted to 'Ordinary shares' of £0.01, resulting in 114,700 ordinary £0.01 shares.

Last year there were:
740 ordinary A shares of £1;
200 ordinary B shares of £1;
60 ordinary C shares of £1; and
147 ordinary shares of £1.