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Report of the Director and |
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Financial Statements for the Year Ended 31 December 2014 |
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ANSPACH EUROPE LIMITED |
REGISTERED NUMBER:
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Report of the Director and |
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Financial Statements for the Year Ended 31 December 2014 |
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for |
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ANSPACH EUROPE LIMITED |
ANSPACH EUROPE LIMITED (REGISTERED NUMBER: 03139656) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2014 |
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Company Information | 1 |
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Report of the Director | 2 |
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Report of the Independent Auditors | 4 |
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Profit and Loss Account | 6 |
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Balance Sheet | 7 |
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Notes to the Financial Statements | 8 |
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ANSPACH EUROPE LIMITED |
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Company Information |
for the Year Ended 31 December 2014 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Statutory Auditors |
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ANSPACH EUROPE LIMITED (REGISTERED NUMBER: 03139656) |
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Report of the Director |
for the Year Ended 31 December 2014 |
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The director presents his report with the financial statements of the company for the year ended 31 December 2014. |
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FUTURE DEVELOPMENTS |
The director expects the company to continue to support the group in dealing with product quality. |
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DIRECTORS |
The directors who have held office during the period from 1 January 2014 to the date of this report are as |
follows: |
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STATEMENT OF DIRECTOR'S RESPONSIBILITIES |
The director is responsible for preparing the Report of the Director and the financial statements in accordance |
with applicable law and regulations. |
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Company law requires the director to prepare financial statements for each financial year. Under that law the |
director has elected to prepare the financial statements in accordance with United Kingdom Generally |
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company |
law the director must not approve the financial statements unless he is satisfied that they give a true and fair |
view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing |
these financial statements, the director is required to: |
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- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business. |
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The director is responsible for keeping adequate accounting records that are sufficient to show and explain the |
company's transactions and disclose with reasonable accuracy at any time the financial position of the company |
and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also |
responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention |
and detection of fraud and other irregularities. |
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STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the |
Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought |
to have taken as a director in order to make himself aware of any relevant audit information and to establish |
that the company's auditors are aware of that information. |
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AUDITORS |
The auditors, Churchmill Partnership Limited, will be proposed for re-appointment at the forthcoming Annual |
General Meeting. |
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ANSPACH EUROPE LIMITED (REGISTERED NUMBER: 03139656) |
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Report of the Director |
for the Year Ended 31 December 2014 |
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This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 |
relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Report of the Independent Auditors to the Members of |
Anspach Europe Limited |
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We have audited the financial statements of Anspach Europe Limited for the year ended 31 December 2014 on |
pages six to nine. The financial reporting framework that has been applied in their preparation is applicable law |
and the Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally |
Accepted Accounting Practice applicable to Smaller Entities). |
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This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the |
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members |
those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the |
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company |
and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
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Respective responsibilities of director and auditors |
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's (APB's) Ethical Standards for Auditors. |
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Scope of the audit of the financial statements |
A description of the scope of an audit of financial statements is provided on the FRC's website at |
www.frc.org.uk/apb/scope/private.cfm. |
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Opinion on financial statements |
In our opinion the financial statements: |
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give a true and fair view of the state of the company's affairs as at 31 December 2014 and of its profit for the
year then ended; |
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
applicable to Smaller Entities; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
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Opinion on other matter prescribed by the Companies Act 2006 |
In our opinion the information given in the Report of the Director for the financial year for which the financial |
statements are prepared is consistent with the financial statements. |
Report of the Independent Auditors to the Members of |
Anspach Europe Limited |
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Matters on which we are required to report by exception |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to |
report to you if, in our opinion: |
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adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of director's remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit; or |
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the director was not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director. |
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for and on behalf of
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Statutory Auditors |
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ANSPACH EUROPE LIMITED (REGISTERED NUMBER: 03139656) |
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Profit and Loss Account |
for the Year Ended 31 December 2014 |
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31.12.14 | 31.12.13 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING PROFIT and |
PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION |
2 |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL
YEAR |
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ANSPACH EUROPE LIMITED (REGISTERED NUMBER: 03139656) |
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Balance Sheet |
31 December 2014 |
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31.12.14 | 31.12.13 |
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 | 6 |
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Profit and loss account | 7 |
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SHAREHOLDERS' FUNDS |
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The financial statements were approved by the director on
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ANSPACH EUROPE LIMITED (REGISTERED NUMBER: 03139656) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2014 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with |
the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
All turnover relates to services provided to the company's parent company in the USA, excluding value |
added tax and relates to geographical markets outside the UK. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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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2. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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31.12.14 | 31.12.13 |
£ | £ |
Auditors' remuneration |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit on ordinary activities for the year was as follows: |
31.12.14 | 31.12.13 |
£ | £ |
Current tax: |
UK corporation tax |
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Tax on profit on ordinary activities |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.14 | 31.12.13 |
£ | £ |
Other debtors | 92,252 | 90,673 |
ANSPACH EUROPE LIMITED (REGISTERED NUMBER: 03139656) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2014 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.14 | 31.12.13 |
£ | £ |
Taxation and social security |
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Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.14 | 31.12.13 |
value: | £ | £ |
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Ordinary | £1 |
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7. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 January 2014 |
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Profit for the year |
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At 31 December 2014 |
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8. | RELATED PARTY DISCLOSURES |
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The immediate parent undertaking is DePuy Orthopaedics, Inc, which is incorporated in the USA. |
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The director regards Johnson & Johnson, a company registered in the USA, as the ultimate parent |
company and ultimate controlling party. This is the smallest and largest group of which the company is |
a member and for which group financial statements are prepared. Copies of the consolidated financial |
statements may be obtained from Johnson & Johnson, One Johnson & Johnson Plaza, New Brunswick, |
New Jersey 08933, USA. |
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The company has taken advantage of the exemption available under paragraph 3c of Financial Reporting |
Standard Number 8 ("Related Party Disclosures") in not providing details of transactions with entities |
forming part of the DePuy Orthopaedics, Inc and Johnson & Johnson groups. |
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