Ndemic Creations Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07928565 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Ndemic Creations Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T J Vaughan

REGISTERED OFFICE:

First Floor

Healthaid House

Marlborough Hill

Harrow

Middlesex

HA1 1UD

REGISTERED NUMBER:

07928565 (England and Wales)

ACCOUNTANTS:

Grant Harrod Lerman Davis LLP

Chartered Accountants

1st Floor

Healthaid House

Marlborough Hill

Harrow

Middlesex

HA1 1UD

FIXED ASSETS

Intangible assets

4

3,200,000

4,800,000

CURRENT ASSETS

Debtors

5

850,981

702,670

Cash at bank

10,456,745

5,747,389

11,307,726

6,450,059

CREDITORS

Amounts falling due within one year

6

1,403,472

993,478

NET CURRENT ASSETS

9,904,254

5,456,581

TOTAL ASSETS LESS CURRENT LIABILITIES

13,104,254

10,256,581

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

13,104,244

10,256,571

SHAREHOLDERS' FUNDS

13,104,254

10,256,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 November 2017 and were signed by:

T J Vaughan - Director

1.	STATUTORY INFORMATION

Ndemic Creations Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Computer software

The amount paid for the capital and assets of Ndemic LLP in 2014 is being amortised evenly over its estimated

useful life of five years.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2016

and 31 March 2017

8,000,000

AMORTISATION

At 1 April 2016

3,200,000

Charge for year

1,600,000

At 31 March 2017

4,800,000

NET BOOK VALUE

At 31 March 2017

3,200,000

At 31 March 2016

4,800,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

18,377

Other debtors

850,981

684,293

850,981

702,670

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1

(1

)

Taxation and social security

593,702

285,582

Other creditors

809,769

707,897

1,403,472

993,478

7.	ULTIMATE CONTROLLING PARTY

The controlling party is T J Vaughan.