Company Registration No. 04586978 (England and Wales)
APA PRODUCE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
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 2014
30 November 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
168,041
159,151
Current assets
Debtors
3,512
2,289
Cash at bank and in hand
15,383
2,325
18,895
4,614
Creditors: amounts falling due within one year
3
(40,500)
(33,893)
Net current liabilities
(21,605)
(29,279)
Total assets less current liabilities
146,436
129,872
Creditors: amounts falling due after more than one year
4
(103,597)
(96,950)
Provisions for liabilities
(4,355)
(1,826)
38,484
31,096
Capital and reserves
Called up share capital
5
5
5
Profit and loss account
38,479
31,091
Shareholders' funds
38,484
31,096
For the financial year ended 30 November 2014 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 26 January 2015
P R Mercer
Director
Company Registration No. 04586978
APA PRODUCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 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.
APA PRODUCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2014
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2013
278,637
Additions
20,232
At 30 November 2014
298,869
Depreciation
At 1 December 2013
119,486
Charge for the year
11,342
At 30 November 2014
130,828
Net book value
At 30 November 2014
168,041
At 30 November 2013
159,151
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £2,352 (2013 - £0.0000).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £8,104 (2013 - £0.0000).
5
Share capital
2014
2013
£
£
Allotted, called up and fully paid
5 Ordinary shares of £1 each
5
5