AVON_ADHESIVE_PRODUCTS_LT - Accounts

AVON ADHESIVE PRODUCTS LIMITED - Company Information

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Company Registration No. 02754167 (England and Wales)

AVON ADHESIVE PRODUCTS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

AVON ADHESIVE PRODUCTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AVON ADHESIVE PRODUCTS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

250,393

67,191

Current assets

Stocks

41,780

31,682

Debtors

147,466

179,276

Cash at bank and in hand

42,907

232

232,153

211,190

Creditors: amounts falling due within one year

(296,662)

(111,556)

Net current (liabilities)/assets

(64,509)

99,634

Total assets less current liabilities

185,884

166,825

Provisions for liabilities

(41,433)

(2,894)

144,451

163,931

Capital and reserves

Called up share capital

130

Profit and loss account

144,321

163,801

Shareholders' funds

144,451

163,931

For the financial year ended 31 December 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 and authorised for issue on 11 June 2015

Mrs PJ Dimond

Director

Company Registration No. 02754167

AVON ADHESIVE PRODUCTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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 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:

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

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.

Fixed assets

Tangible assets

Cost

At 1 January 2014

783,102

Additions

211,000

At 31 December 2014

994,102

Depreciation

At 1 January 2014

715,911

Charge for the year

27,798

At 31 December 2014

743,709

Net book value

At 31 December 2014

250,393

At 31 December 2013

67,191

AVON ADHESIVE PRODUCTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 A Ordinary of £1 each

100

30 B Ordinary of £1 each

130