Ascenta (UK) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07381226 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Ascenta (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A J Cox

REGISTERED OFFICE:

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

07381226 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

and Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

CURRENT ASSETS

Debtors

377,993

4,008

Cash at bank and in hand

1,130,248

1,130,712

1,508,241

1,134,720

CREDITORS

Amounts falling due within one year

933,957

891,844

NET CURRENT ASSETS

574,284

242,876

TOTAL ASSETS LESS CURRENT
LIABILITIES

574,284

242,876

CAPITAL AND RESERVES

Called up share capital

2

101

Profit and loss account

574,183

242,775

SHAREHOLDERS' FUNDS

574,284

242,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 September 2016 and were signed by:

A J Cox - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Research and development

Expenditure on research and development is written off in the year of expenditure through the profit and loss

account.

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.

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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

1

A Ordinary

£1

1

101

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the director A J Cox had a credit balance of £207 (2014: £313 debit) on his current

account. This was an interest free loan to the company and is included in other creditors.