AVON_ADHESIVE_PRODUCTS_LT - Accounts


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
1
Notes to the abbreviated accounts
2 - 3
AVON ADHESIVE PRODUCTS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
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
3
130
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 -
1
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.
2
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 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100A Ordinary of £1 each
100
100
30B Ordinary of £1 each
30
30
130
130
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