Kloeckner Chemical Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04111394 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Kloeckner Chemical Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Kruger

P H Whiteside

SECRETARY:

P H Whiteside

REGISTERED OFFICE:

277-279 Chiswick High Road

London

W4 4PU

REGISTERED NUMBER:

04111394 (England and Wales)

ACCOUNTANTS:

Flintham Mackenzie

Chartered Accountants

277-279 Chiswick High Road

London

W4 4PU

CURRENT ASSETS

Debtors

11,285

-

Cash at bank

25,765

42,052

37,050

42,052

CREDITORS

Amounts falling due within one year

900

1,020

NET CURRENT ASSETS

36,150

41,032

TOTAL ASSETS LESS CURRENT LIABILITIES

36,150

41,032

CAPITAL AND RESERVES

Called up share capital

2

10,000

10,000

Profit and loss account

26,150

31,032

SHAREHOLDERS' FUNDS

36,150

41,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 26 June 2015 and were signed on its behalf by:

P H Whiteside - 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).

Deferred tax

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

Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a

binding agreement to sell the assets and recognised the gains and losses expected to arise on sale or where assets have been

sold and it is expected that the taxable gain will be rolled over into a replacement asset.

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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5,000

Ordinary class A

£1

5,000

5,000

5,000

Ordinary class B

£1

5,000

5,000

10,000

10,000

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and 31 March 2014:

2015

2014

£

£

P H Whiteside

Balance outstanding at start of year

-

-

Amounts advanced

11,285

-

Amounts repaid

-

-

Balance outstanding at end of year

11,285

-