APC International Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04977649 (England and Wales)

APC INTERNATIONAL LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 MARCH 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTOR:

Mr I C Maxted

REGISTERED OFFICE:

Windmill Barn

Llantwit Road

Wick

Cowbridge

Vale of Glamorgan

CF71 7QD

REGISTERED NUMBER:

04977649 (England and Wales)

FIXED ASSETS

Tangible assets

2

737,041

749,741

CURRENT ASSETS

Debtors

3

124,487

219,887

Cash at bank

45,185

42,880

169,672

262,767

CREDITORS

Amounts falling due within one year

4

50,770

55,887

NET CURRENT ASSETS

118,902

206,880

TOTAL ASSETS LESS CURRENT LIABILITIES

855,943

956,621

CREDITORS

Amounts falling due after more than one year

4

790,261

851,539

NET ASSETS

65,682

105,082

CAPITAL AND RESERVES

Called up share capital

5

50

100

Capital redemption reserve

50

-

Profit and loss account

65,582

104,982

SHAREHOLDERS' FUNDS

65,682

105,082

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 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 23 December 2015 and were signed by:

Mr I C Maxted - 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 amounts receivable for services provided in the normal course of business, net of trade

discounts, VAT and other sales-related taxes.

Turnover is recognised as earned when, and to the extent that, the company obtains the right to consideration in

exchange for services provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on cost

No depreciation is provided on freehold land and buildings because in the opinion of the director it would be

immaterial as the residual value of the land and buildings is not materially different to the carrying value. The

assets are reviewed for impairment annually in accordance with FRS 15.

During the year there was a change in depreciation policy in land and buildings. This reduced from 4% charge on

cost to 0% charge on cost.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted at the balance sheet.

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,064,982

DEPRECIATION

At 1 April 2014

315,241

Charge for year

12,700

At 31 March 2015

327,941

NET BOOK VALUE

At 31 March 2015

737,041

At 31 March 2014

749,741

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 55,400 (2014 - £ 124,487 )

4.

CREDITORS

Creditors include an amount of £ 603,910 for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

458,661

488,119

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

50

Ordinary

£1

50

100

On 1st April 2014 the company repurchased 50 ordinary shares at £1 each for £83,748.