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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2017 |
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for |
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CONVERTERTECHNOLOGY (UK) PRIVATE LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2017 |
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for |
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CONVERTERTECHNOLOGY (UK) PRIVATE LIMITED |
CONVERTERTECHNOLOGY (UK) PRIVATE LIMITED (REGISTERED NUMBER: 06702998) |
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Contents of the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CONVERTERTECHNOLOGY (UK) PRIVATE LIMITED |
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Company Information |
FOR THE YEAR ENDED 30 JUNE 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Bath House |
6-8 Bath Street |
Bristol |
BS1 6HL |
CONVERTERTECHNOLOGY (UK) PRIVATE LIMITED (REGISTERED NUMBER: 06702998) |
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Balance Sheet |
30 JUNE 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved and authorised for issue by the Board of Directors on
were signed on its behalf by: |
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CONVERTERTECHNOLOGY (UK) PRIVATE LIMITED (REGISTERED NUMBER: 06702998) |
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Notes to the Financial Statements |
FOR THE YEAR ENDED 30 JUNE 2017 |
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1. | STATUTORY INFORMATION |
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ConverterTechnology (UK) Private Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
amounts in these financial statements are rounded to the nearest £. |
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Going concern |
The directors have, at the time of approving the financial statements, a reasonable expectation that the |
company has adequate resources to continue in operational existence for the foreseeable future. |
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Turnover |
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of |
Value Added Tax. |
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In respect of long-term contracts and contracts for on-going services, turnover represents the value of work |
done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and |
contracts for on-going services is recognised by reference to the stage of completion. |
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Taxation |
The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are |
recognised when tax paid exceeds the tax payable. Current and deferred tax is charged or credited to profit or |
loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax |
follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or |
equity. Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are |
offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to |
settle on the net basis or to realise the asset and settle the liability simultaneously. |
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Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax |
rates that have been enacted or substantively enacted by the reporting period. |
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a |
right to pay less tax in the future have occurred at the balance sheet date. Timing differences between the |
company's taxable profits and its results as stated in the financial statements that arise from the inclusion of |
gains and losses in tax assessments in periods different from those in which they are recognised in the |
financial statements. |
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Deferred tax is measured at the average tax rates that are expected to apply in the periods in which timing |
differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted |
by the balance sheet date. Deferred tax is measured on a non-discounted basis. |
CONVERTERTECHNOLOGY (UK) PRIVATE LIMITED (REGISTERED NUMBER: 06702998) |
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Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
result. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed by group undertakings |
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Tax |
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VAT |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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VAT | 1,411 | - |
Other creditors |
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Accruals and deferred income |
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6. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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7. | ULTIMATE CONTROLLING PARTY |
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At the year end, the ultimate parent company was CPS Group Investments (No 2) Pty Limited, a company |
registered in Australia. |