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Registration number: 09578629

International Health Consulting Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2017

 

International Health Consulting Services Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

International Health Consulting Services Limited

(Registration number: 09578629)
Balance Sheet as at 31 May 2017

Note

2017
£

2016
£

Fixed assets

 

Tangible assets

3

1,116

140

Current assets

 

Debtors

4

1,489

-

Cash at bank and in hand

 

19,537

32,520

 

21,026

32,520

Creditors: Amounts falling due within one year

5

(9,557)

(13,954)

Net current assets

 

11,469

18,566

Net assets

 

12,585

18,706

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

12,485

18,606

Total equity

 

12,585

18,706

For the financial year ending 31 May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 21 February 2018
 

.........................................

Dr H J Smith

Director

 

International Health Consulting Services Limited

Notes to the Financial Statements for the Year Ended 31 May 2017

1

General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
5 The Quadrant
Hoylake
Wirral
CH47 2EE
United Kingdom

These financial statements were authorised for issue by the director on 21 February 2018.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

10% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

International Health Consulting Services Limited

Notes to the Financial Statements for the Year Ended 31 May 2017

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

International Health Consulting Services Limited

Notes to the Financial Statements for the Year Ended 31 May 2017

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2016

156

156

Additions

1,102

1,102

At 31 May 2017

1,258

1,258

Depreciation

At 1 June 2016

16

16

Charge for the period

126

126

At 31 May 2017

142

142

Carrying amount

At 31 May 2017

1,116

1,116

At 31 May 2016

140

140

4

Debtors

2017
£

2016
£

Trade debtors

1,059

-

Other debtors

430

-

Total current trade and other debtors

1,489

-

5

Creditors

Note

2017
£

2016
£

Due within one year

 

Other creditors

 

9,557

13,954


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