| Centre of Excellence for Life Sciences Limited |
| Registered number: |
03898306 |
| Director's Report |
|
|
| Principal activities |
| The company's principal activity during the year continued to be the provision of a subscription based membership package to scientific businesses - principally across the North of England. |
| The company is a not for profit entity and limited by guarantee. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
E Banks |
|
G Davison |
|
M Hollingworth |
|
S James |
|
A Jones (appointed 8th December 2022) |
|
M Picardo (resigned 31st March 2023) |
|
J Stageman OBE |
|
J Theaker (appointed 8th December 2022) |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 19 July 2023 and signed on its behalf. |
|
|
|
|
|
| Dr G M Davison |
| Director |
|
| Centre of Excellence for Life Sciences Limited |
| Registered number: |
03898306 |
| Balance Sheet |
| as at 31 March 2023 |
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
3,918 |
|
|
8,976 |
|
| Current assets |
| Debtors |
4 |
|
69,872 |
|
|
88,369 |
| Cash at bank and in hand |
|
|
308,966 |
|
|
328,030 |
|
|
|
378,838 |
|
|
416,399 |
|
| Creditors: amounts falling due within one year |
5 |
|
(126,049) |
|
|
(172,905) |
|
| Net current assets |
|
|
|
252,789 |
|
|
243,494 |
|
| Total assets less current liabilities |
|
|
|
256,707 |
|
|
252,470 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(50,051) |
|
|
(51,884) |
|
| Net assets |
|
|
|
206,656 |
|
|
200,586 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Profit and loss account |
|
|
|
206,656 |
|
|
200,586 |
|
| Shareholder's funds |
|
|
|
206,656 |
|
|
200,586 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Dr G M Davison |
| Director |
| Approved by the board on 19 July 2023 |
|
| Centre of Excellence for Life Sciences Limited |
| Notes to the Accounts |
| for the year ended 31 March 2023 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Computer and Office Equipment |
33% straight line |
|
Website |
20% straight line |
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
7 |
|
6 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Website |
|
Computer and Office Equipment |
|
Furniture and Fixtures |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2022 |
21,901 |
|
16,295 |
|
1,030 |
|
39,226 |
|
Additions |
- |
|
719 |
|
- |
|
719 |
|
At 31 March 2023 |
21,901 |
|
17,014 |
|
1,030 |
|
39,945 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2022 |
(15,966) |
|
(13,254) |
|
(1,030) |
|
(30,250) |
|
Charge for the year |
(4,380) |
|
(1,397) |
|
- |
|
(5,777) |
|
At 31 March 2023 |
(20,346) |
|
(14,651) |
|
(1,030) |
|
(36,027) |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2023 |
1,555 |
|
2,363 |
|
- |
|
3,918 |
|
At 31 March 2022 |
5,935 |
|
3,041 |
|
- |
|
8,976 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade debtors |
57,396 |
|
44,289 |
|
Prepayments and accrued income |
|
12,424 |
|
43,361 |
|
Other debtors |
52 |
|
719 |
|
|
|
|
|
|
69,872 |
|
88,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade creditors |
40,553 |
|
10,110 |
|
Other taxes and social security costs |
26,540 |
|
37,934 |
|
Other creditors |
58,956 |
|
124,861 |
|
|
|
|
|
|
126,049 |
|
172,905 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Bank loans |
49,603 |
|
49,510 |
|
Directors loan account |
448 |
|
2,374 |
|
|
|
|
|
|
50,051 |
|
51,884 |
|
|
|
|
|
|
|
|
|