Company Registration No. 03013642 (England and Wales)
ALKRON INDUSTRIAL LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
ALKRON INDUSTRIAL LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ALKRON INDUSTRIAL LIMITED
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
98
98
Current assets
Debtors
3
540,000
380,000
Creditors: amounts falling due within one year
(534,311)
(374,311)
Net current assets
5,689
5,689
Total assets less current liabilities
5,787
5,787
Capital and reserves
Called up share capital
4
490
490
Other reserves
510
510
Profit and loss account
4,787
4,787
Shareholders' funds
5,787
5,787
For the financial year ended 29 February 2016 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 financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 26 April 2016
J D Sumner
Director
Company Registration No. 03013642
ALKRON INDUSTRIAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financial statements.
1.2
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.3
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2
Fixed assets
Investments
£
Cost
At 1 March 2015 & at 29 February 2016
98
At 28 February 2015
98
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Alkron Properties Limited
England and Wales
Ordinary
100.00
Vanguard Packing Limited
England and Wales
Ordinary
95.00
Vanguard Shipping Limited
England and Wales
Ordinary
100.00
ALKRON INDUSTRIAL LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2016
2
Fixed assets
(Continued)
- 3 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
£
£
Alkron Properties Limited
172,188
1,598
Vanguard Packing Limited
873,625
60,845
Vanguard Shipping Limited
614,656
2,577
3
Debtors
Debtors include an amount of £540,000 (2015 - £380,000) which is due after more than one year.
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
367 Ordinary shares of £1 each
367
367
123 A Ordinary shares of £1 each
123
123
490
490
5
Related party relationships and transactions
Loans from the director
Transactions in relation to loans with the director during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
J D Sumner
-
576
160,000
-
157,463
3,113
576
160,000
-
157,463
3,113