Registered Number 09734615

PHARMA EXPERTS LIMITED

Abbreviated Accounts

31 August 2016

PHARMA EXPERTS LIMITED Registered Number 09734615

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016
£
Fixed assets
Tangible assets 2 1,319
1,319
Current assets
Debtors 9,150
Cash at bank and in hand 22,947
32,097
Creditors: amounts falling due within one year (26,459)
Net current assets (liabilities) 5,638
Total assets less current liabilities 6,957
Total net assets (liabilities) 6,957
Capital and reserves
Called up share capital 3 1
Profit and loss account 6,956
Shareholders' funds 6,957
  • For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 March 2017

And signed on their behalf by:
Mr Zulfikar Mamon, Director

PHARMA EXPERTS LIMITED Registered Number 09734615

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

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

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate
Office equipment 15% reducing balance basis

Other accounting policies
Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2Tangible fixed assets
£
Cost
Additions 1,552
Disposals -
Revaluations -
Transfers -
At 31 August 2016 1,552
Depreciation
Charge for the year 233
On disposals -
At 31 August 2016 233
Net book values
At 31 August 2016 1,319
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
1 Ordinary shares of £1 each 1