APIN_CHEMICALS_LTD - Accounts

APIN CHEMICALS LIMITED - Company Information

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Company Registration No. 01371302 (England and Wales)

APIN CHEMICALS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2014

APIN CHEMICALS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

APIN CHEMICALS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

37,325

41,831

Current assets

Stocks

20,000

19,068

Debtors

158,461

163,999

Cash at bank and in hand

484,003

359,114

662,464

542,181

Creditors: amounts falling due within one year

(436,097)

(446,201)

Net current assets

226,367

95,980

Total assets less current liabilities

263,692

137,811

Provisions for liabilities

(794)

(781)

Suspense

15,343

262,898

152,373

Capital and reserves

Called up share capital

100

Profit and loss account

262,798

152,273

Shareholders' funds

262,898

152,373

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 for issue on 30 April 2015

Dr E A Boehm

Director

Company Registration No. 01371302

APIN CHEMICALS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents net invoiced sales of goods and or services (excluding VAT).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Leasehold improvements

No depreciation

Equipment and fittings

20% reducing balance

Motor vehicles

25% reducing balance

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

The company operates a money purchase (defined contribution) pension scheme. Contributions payable to this scheme are charged to the profit and loss account in the period to which they relate. These contributions are invested separately from the company's assets.

1.5

Deferred taxation

Deferred tax 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.

1.6

Operating lease commitments

Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred.

APIN CHEMICALS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2013

172,013

Disposals

(18,783)

At 31 July 2014

153,230

Depreciation

At 1 August 2013

130,182

On disposals

(16,510)

Charge for the year

2,233

At 31 July 2014

115,905

Net book value

At 31 July 2014

37,325

At 31 July 2013

41,831

Share capital

2014

2013

Allotted, called up and fully paid

49 Ordinary A Shares of £1 each

51 Ordinary B Shares of £1 each

100