RVP Technologies Limited - Limited company accounts 11.7

REGISTERED NUMBER: 04563847 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2014

FOR

RVP TECHNOLOGIES LIMITED

Page

Company Information

1

Report of the Director

2

Chartered Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Notes to the Financial Statements

7

DIRECTOR:

A F Phillips

SECRETARY:

Exceed Cosec Services Limited

REGISTERED OFFICE:

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

REGISTERED NUMBER:

04563847 (England and Wales)

ACCOUNTANTS:

Exceed (UK) Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

The director presents his report with the financial statements of the company for the year ended 31st December 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of investment holdings.

DIRECTOR

A F Phillips held office during the whole of the period from 1st January 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

A F Phillips - Director

22nd June 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of RVP Technologies Limited for the year ended 31st December 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of RVP Technologies Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RVP Technologies Limited and state those matters that we have agreed to state to the director of RVP Technologies Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that RVP Technologies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RVP Technologies Limited. You consider that RVP Technologies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RVP Technologies Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Exceed (UK) Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

Date: .............................................

TURNOVER

7,875

-

Administrative expenses

(955

)

3,123

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

8,830

(3,123

)

Tax on profit/(loss) on ordinary activities

3

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

8,830

(3,123

)

FIXED ASSETS

Investments

4

31,919

CURRENT ASSETS

Debtors

5

22,006

14,714

Cash at bank

289

290

22,295

15,004

CREDITORS

Amounts falling due within one year

6

6,936

1,320

NET CURRENT ASSETS

15,359

13,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

47,278

45,603

CREDITORS

Amounts falling due after more than one
year

7

31,873

39,028

NET ASSETS

15,405

6,575

CAPITAL AND RESERVES

Called up share capital

8

90

Profit and loss account

9

15,315

6,485

SHAREHOLDERS' FUNDS

15,405

6,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 22nd June 2015 and were signed by:

A F Phillips - 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 April 2008).

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date based on a

proportion of the total expected consideration at completion.

Where payments are received from customers in advance of services provided, the amounts are recorded as

Deferred Income and included as part of Creditors due within one year.

Deferred tax

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

sheet date.

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 the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2013 - operating loss) is stated after charging/(crediting):

2014

2013

£

Foreign exchange differences

(4,381

)

2,493

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31st December 2014 nor for the

year ended 31st December 2013.

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2014

and 31st December 2014

31,919

NET BOOK VALUE

At 31st December 2014

31,919

At 31st December 2013

31,919

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

VA Filtration (SA) Pty Ltd

Country of incorporation: Australia

Nature of business: Filtration of wine and related services

%

Class of shares:

holding

Ordinary

100.00

31/12/14

31/12/13

£

Aggregate capital and reserves

1,119,431

1,183,581

(Loss)/profit for the year

(13,833

)

26,054

V.A.F Sudamerica S.A

Country of incorporation: Chile

Nature of business: Filtration of wine and related services

%

Class of shares:

holding

No Par Value Shares

50.00

31/12/14

31/12/13

£

Aggregate capital and reserves

593,098

381,653

Profit for the year

198,464

7,905

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

7,875

-

Other debtors

14,131

14,714

22,006

14,714

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade creditors

12

-

Other creditors

6,924

1,320

6,936

1,320

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2014

2013

£

Other creditors

31,873

39,028

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

90

Ordinary £ 1 Shares

£1

90

9.

RESERVES

Profit

and loss

account

£

At 1st January 2014

6,485

Profit for the year

8,830

At 31st December 2014

15,315

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its director.