Apex Healthcare Consulting - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05050615

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

APEX HEALTHCARE CONSULTING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D J Cotterell

SECRETARY:

D L Dourish

REGISTERED OFFICE:

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

REGISTERED NUMBER:

05050615

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Intangible assets

2

-

1,265

Tangible assets

3

15,987

18,606

15,987

19,871

CURRENT ASSETS

Stocks

81,524

14,770

Debtors

112,407

376,332

Cash at bank and in hand

47,746

27,225

241,677

418,327

CREDITORS

Amounts falling due within one year

173,301

225,255

NET CURRENT ASSETS

68,376

193,072

TOTAL ASSETS LESS CURRENT LIABILITIES

84,363

212,943

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

84,263

212,843

SHAREHOLDERS' FUNDS

84,363

212,943

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 22 December 2014 and were signed by:

D J Cotterell - 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).

Turnover

Turnover represents net invoiced services provided excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Included within stock is projects not invoiced totalling £81,524 (2013:£14,770).

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was being amortised

evenly over its estimated useful life of 20 years. In view that the client base has changed from that in place when

the business was acquired an impairment review was undertaken.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

94,946

AMORTISATION

At 1 April 2013

93,681

Amortisation for year

1,265

At 31 March 2014

94,946

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

1,265

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

61,069

Additions

2,710

At 31 March 2014

63,779

DEPRECIATION

At 1 April 2013

42,463

Charge for year

5,329

At 31 March 2014

47,792

NET BOOK VALUE

At 31 March 2014

15,987

At 31 March 2013

18,606

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31 March 2013:

31.3.14

31.3.13

£

£

D J Cotterell

Balance outstanding at start of year

(387

)

(530

)

Amounts advanced

46,769

55,643

Amounts repaid

(47,000

)

(55,500

)

Balance outstanding at end of year

(618

)

(387

)

6.	ULTIMATE CONTROLLING PARTY