Company Registration No. 04586978 (England and Wales)
APA PRODUCE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
APA PRODUCE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
APA PRODUCE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
158,346
168,041
Current assets
Debtors
178,878
3,512
Cash at bank and in hand
58,033
15,383
236,911
18,895
Creditors: amounts falling due within one year
3
(145,029)
(40,500)
Net current assets/(liabilities)
91,882
(21,605)
Total assets less current liabilities
250,228
146,436
Creditors: amounts falling due after more than one year
4
(213,598)
(103,597)
Provisions for liabilities
(3,166)
(4,355)
33,464
38,484
Capital and reserves
Called up share capital
5
5
5
Profit and loss account
33,459
38,479
Shareholders' funds
33,464
38,484
For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 11 August 2016
P R Mercer
Director
Company Registration No. 04586978
APA PRODUCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 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 April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Staight line over 50 years
Plant and machinery
25% reducing balance
Computer equipment
3 yrs straight line
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014 & at 30 November 2015
298,869
Depreciation
At 1 December 2014
130,828
Charge for the year
9,695
At 30 November 2015
140,523
Net book value
At 30 November 2015
158,346
At 30 November 2014
168,041
APA PRODUCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £2,352 (2014 - £2,352).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £5,751 (2014 - £8,104).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
5 Ordinary shares of £1 each
5
5