Advanced Process Engineering Limited Filleted accounts for Companies House (small and micro)

ADVANCED PROCESS ENGINEERING LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09261429

ADVANCED PROCESS ENGINEERING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2018

ADVANCED PROCESS ENGINEERING LIMITED

STATEMENT OF FINANCIAL POSITION

30 June 2018

	2018		2017
Note	£	£	£	£

CURRENT ASSETS

Cash at bank and in hand	1,000		1,000

CREDITORS: amounts falling due within one year	5	1,323,873		1,323,873
		------------		------------
NET CURRENT LIABILITIES			1,322,873		1,322,873
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 1,322,873)		( 1,322,873)
			------------		------------

CAPITAL AND RESERVES

Called up share capital	1,000	1,000
Profit and loss account	( 1,323,873)	( 1,323,873)
	------------	------------
SHAREHOLDERS DEFICIT	( 1,322,873)	( 1,322,873)
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 30 June 2018 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 financial statements were approved by the board of directors and authorised for issue on 29 March 2019 , and are signed on behalf of the board by:

Hughes Armstrong Industries Limited

Director

Company registration number: 09261429

ADVANCED PROCESS ENGINEERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2018

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 423 Chadwick House, Warrington Road, Birchwood, Warrington, WA3 6AE.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 July 2017 and 30 June 2018	100,100
	---------
Impairment
At 1 July 2017 and 30 June 2018	100,100
	---------

Carrying amount
At 30 June 2018	–
	---------
At 30 June 2017	–
	---------

5. CREDITORS: amounts falling due within one year

	2018	2017
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,323,773	1,323,773
Other creditors	100	100
	------------	------------
	1,323,873	1,323,873
	------------	------------