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Registered number: SC725975
Clinical Evidence Matters Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Sense Accounting Limited
36 Bruntsfield Place
Edinburgh
EH10 4HJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC725975
31 March 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 364 728
364 728
CURRENT ASSETS
Debtors 5 40,067 26,575
Cash at bank and in hand 33,199 10,444
73,266 37,019
Creditors: Amounts Falling Due Within One Year 6 (48,175 ) (36,919 )
NET CURRENT ASSETS (LIABILITIES) 25,091 100
TOTAL ASSETS LESS CURRENT LIABILITIES 25,455 828
NET ASSETS 25,455 828
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 25,454 827
SHAREHOLDERS' FUNDS 25,455 828
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms J M Gauld
Director
23 December 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Clinical Evidence Matters Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC725975 . The registered office is Loig Farm, Braco, Dunblane, FK15 9LP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33.3% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2023 1,092
As at 31 March 2024 1,092
Depreciation
As at 1 April 2023 364
Provided during the period 364
As at 31 March 2024 728
Net Book Value
As at 31 March 2024 364
As at 1 April 2023 728
5. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Trade debtors 11,492 -
Director's loan account 28,575 26,575
40,067 26,575
6. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors 147 228
Corporation tax 35,749 25,397
VAT 11,679 10,694
Accruals and deferred income 600 600
48,175 36,919
7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 1 1
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Ms Judith Gauld 26,575 30,000 (28,000 ) - 28,575
The above loan is unsecured, interest free and repayable on demand.
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