REGISTERED NUMBER: 03297237 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

ACTIVE MEDICINE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr H A Last

REGISTERED OFFICE:

Round Foundry Media Centre

Foundry Street

Leeds

West Yorkshire

LS11 5QP

REGISTERED NUMBER:

03297237 (England and Wales)

ACCOUNTANTS:

Sedulo Leeds Limited

St Paul's House

23 Park Square

Leeds

LS1 2ND

FIXED ASSETS

Intangible assets

4

50,223

50,223

Tangible assets

5

445

2,893

50,668

53,116

CURRENT ASSETS

Debtors

6

314

793

Cash at bank

6

4,744

320

5,537

CREDITORS

Amounts falling due within one year

7

50,383

55,260

NET CURRENT LIABILITIES

(50,063

)

(49,723

)

TOTAL ASSETS LESS CURRENT LIABILITIES

605

3,393

PROVISIONS FOR LIABILITIES

579

579

NET ASSETS

26

2,814

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

6

2,794

SHAREHOLDERS' FUNDS

26

2,814

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 17 September 2018 and were signed by:

Dr H A Last - Director

1.	STATUTORY INFORMATION

Active Medicine Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company is that of health software development.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Filming costs are valued at cost less accumulated amortisation .

No amortisation has been charged as the asset is still under construction.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2017

and 31 December 2017

50,223

NET BOOK VALUE

At 31 December 2017

50,223

At 31 December 2016

50,223

The assets have not been amortised as they are still under construction.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

10,866

DEPRECIATION

At 1 January 2017

7,973

Charge for year

2,448

At 31 December 2017

10,421

NET BOOK VALUE

At 31 December 2017

445

At 31 December 2016

2,893

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

550

Other debtors

314

243

314

793

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

-

1,379

Other creditors

50,383

53,881

50,383

55,260

8.	RELATED PARTY DISCLOSURES

At the year end the Director was owed £15,445 (2016 - £18,381). This loan is interest free with no set terms of

repayment.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr H A Last.