Rocep-lusol Holdings Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC053283 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2016

for

Rocep-lusol Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B D Frutin

J A S Kirk

SECRETARY:

Dr K G Chrystie

REGISTERED OFFICE:

Merlin House

Mossland Road

Hillington Park

GLASGOW

G52 4XZ

REGISTERED NUMBER:

SC053283 (Scotland)

ACCOUNTANTS:

The Kelvin Partnership Ltd

Chartered Accountants

The Cooper Building

505 Great Western Road

Glasgow

G12 8HN

FIXED ASSETS

Intangible assets

2

47,364

68,178

Tangible assets

3

3,884

4,570

Investments

4

100

100

51,348

72,848

CURRENT ASSETS

Debtors

90,236

249,124

Cash at bank and in hand

912,295

563,885

1,002,531

813,009

CREDITORS

Amounts falling due within one year

60,206

78,900

NET CURRENT ASSETS

942,325

734,109

TOTAL ASSETS LESS CURRENT LIABILITIES

993,673

806,957

PROVISIONS FOR LIABILITIES

9,692

13,870

NET ASSETS

983,981

793,087

CAPITAL AND RESERVES

Called up share capital

5

42,909

42,909

Share premium

27,616

27,616

Capital redemption reserve

269,893

269,893

Profit and loss account

643,563

452,669

SHAREHOLDERS' FUNDS

983,981

793,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 4 November 2016 and were signed on its behalf by:

B D Frutin - Director

J A S Kirk - 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).

Preparation of consolidated financial statements

The financial statements contain information about Rocep-lusol Holdings Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Intangible fixed assets

Intangible fixed assets are stated at cost, and are depreciated over their expected useful lives as follows:-

Patents - 7% straight line

Depreciation on patents commences at the date of granting of letters of the patent.

Tangible fixed assets

Depreciation is provided at rates which are calculated to write off the cost of the tangible fixed assets over their

expected useful life as follows:-

Plant, machinery and fixtures - 15% - 25% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more

tax, or a right to pay less tax, or a right to receive repayments of tax.

Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there

will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted.

Deferred tax is measured at tax rates that are expected to apply in the periods in which timing differences

reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Investments

Fixed asset investments are stated at cost, less any provisions required where there has been a permanent

diminution in their value.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 28 February 2016

298,271

AMORTISATION

At 1 March 2015

230,093

Amortisation for year

20,814

At 28 February 2016

250,907

NET BOOK VALUE

At 28 February 2016

47,364

At 28 February 2015

68,178

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 28 February 2016

8,762

DEPRECIATION

At 1 March 2015

4,192

Charge for year

686

At 28 February 2016

4,878

NET BOOK VALUE

At 28 February 2016

3,884

At 28 February 2015

4,570

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 March 2015

and 28 February 2016

100

NET BOOK VALUE

At 28 February 2016

100

At 28 February 2015

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Rocep Pressure Packs Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

28.2.16

28.2.15

£

£

Aggregate capital and reserves

100

100

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

£

42,909

ordinary

1

42,909

42,909