Ascenta (UK) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07381226 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

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

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

CURRENT ASSETS

Debtors

4,678

43,275

Cash at bank and in hand

13,679

100

18,357

43,375

CREDITORS

Amounts falling due within one year

464,369

261,960

NET CURRENT LIABILITIES

(446,012

)

(218,585

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(446,012

)

(218,585

)

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

(446,112

)

(218,685

)

SHAREHOLDERS' FUNDS

(446,012

)

(218,585

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 November 2014 and were signed by:

A J Cox - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which is dependent upon Ascenta (UK)

Limited's creditors continuing to provide the necessary financial facilities to enable the company to continue

operating for the foreseeable future.

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).

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

2013

2012

value:

£

£

100

Ordinary

£1

100

100

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the director A J Cox had a credit balance of £500 (2012: £Nil) on his current account.

This is an interest free loan and included in other creditors.