Company Registration No. 9297974 (England and Wales)
AAP CHEMICALS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
AAP CHEMICALS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AAP CHEMICALS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
2,027,970
2,027,970
Current assets
Cash at bank and in hand
218
1,181
Creditors: amounts falling due within one year
3
(992,254)
(992,645)
Net current liabilities
(992,036)
(991,464)
Total assets less current liabilities
1,035,934
1,036,506
Creditors: amounts falling due after more than one year
4
(709,500)
(965,500)
326,434
71,006
Capital and reserves
Called up share capital
5
105
105
Profit and loss account
326,329
70,901
Shareholders' funds
326,434
71,006
For the financial year ended 30 April 2016 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 9 August 2016
Mr P J Karn
Ms A Bridge
Director
Director
Company Registration No. 9297974
AAP CHEMICALS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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).
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
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking 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 May 2015 & at 30 April 2016
2,027,970
At 30 April 2015
2,027,970
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
Bio-Productions Limited
England & Wales
Ordinary
100.00
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
Principal activity
£
£
Bio-Productions Limited
Sale of cleaning chemicals
1,362,013
476,914
AAP CHEMICALS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2016
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £207,500 (2015 - £207,500).
4
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
-
135,500
The aggregate amount of creditors for which security has been given amounted to £709,500 (2015 - £965,500).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
45 Ordinary A shares of £1 each
45
45
35 Ordinary B shares of £1 each
35
35
25 Ordinary C shares of £1 each
25
25
105
105