Registered number
12952877
Athena Neurology Limited
Filleted Accounts
30 September 2023
Athena Neurology Limited
Registered number: 12952877
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 748 167
Investments 4 37,500 22,500
38,248 22,667
Current assets
Debtors 5 910 825
Cash at bank and in hand 55,145 26,860
56,055 27,685
Creditors: amounts falling due within one year 6 (12,028) (7,061)
Net current assets 44,027 20,624
Net assets 82,275 43,291
Capital and reserves
Called up share capital 100 100
Profit and loss account 82,175 43,191
Shareholders' funds 82,275 43,291
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
A Merrison
Director
Approved by the board on 16 November 2023
Athena Neurology Limited
Notes to the Accounts
for the year ended 30 September 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:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 499
Additions 1,120
At 30 September 2023 1,619
Depreciation
At 1 October 2022 332
Charge for the year 539
At 30 September 2023 871
Net book value
At 30 September 2023 748
At 30 September 2022 167
4 Investments
Other
investments
£
Cost
At 1 October 2022 22,500
Additions 15,000
At 30 September 2023 37,500
5 Debtors 2023 2022
£ £
Trade debtors 910 825
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 9,478 6,511
Director's loan account 2,000 -
Other creditors 550 550
12,028 7,061
7 Other information
Athena Neurology Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lower Farm
Lower Tockington Road, Tockington
Bristol
BS32 4LE
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