Associated Industries UK (1990) Limited - Limited company - abbreviated

REGISTERED NUMBER: 01567566 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

FOR

ASSOCIATED INDUSTRIES UK (1990) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

J Joannides

SECRETARY:

Winscombe Secretaries Limited

REGISTERED OFFICE:

40 Woodborough Road

Winscombe

Somerset

BS25 1AG

REGISTERED NUMBER:

01567566 (England and Wales)

ACCOUNTANTS:

Mendip Vale Accountants Limited

40 Woodborough Road

Winscombe

Somerset

BS25 1AG

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to five) have been prepared.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the

Companies Act 2006, we have compiled the financial statements of the company for the year ended

30 June 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the

accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has

been undertaken so that we might compile the financial statements that we have been engaged to compile,

report to the company's director that we have done so, and state those matters that we have agreed to state to

him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than the company and the company's director, for our work or for this

report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered

Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to

members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 30 June 2014 your duty to ensure that the company has

kept proper accounting records and to prepare financial statements that give a true and fair view under the

Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit

for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements.

Mendip Vale Accountants Limited

40 Woodborough Road

Winscombe

Somerset

BS25 1AG

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

CURRENT ASSETS

Investments

107,914

CREDITORS

Amounts falling due within one year

71,083

70,108

NET CURRENT ASSETS

36,831

37,806

TOTAL ASSETS LESS CURRENT
LIABILITIES

36,831

37,806

CREDITORS

Amounts falling due after more than one
year

76,452

NET LIABILITIES

(39,621

)

(38,646

)

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

(39,721

)

(38,746

)

SHAREHOLDERS' FUNDS

(39,621

)

(38,646

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 20 September 2014 and were signed by:

J Joannides - 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).

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.

Investments

Current asset investments are stated at market value.

Going concern

The director has prepared the financial statements on a going concern basis. The director considers

this to be appropriate as he has received assurances from the company's loan creditors to the effect

that the loan creditors will continue to make funds available to the company for the foreseeable future

and will continue to meet the company's obligations to other creditors as and when they fall due.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

ordinary shares

£1

100

3.	ULTIMATE PARENT COMPANY

The director regards Associated Industries Holdings (Pty) Limited, a company incorporated in South

Africa, as the ultimate parent.

Associated Industries UK (1990) Limited - Limited company - abbreviated - 11.0.0

Associated Industries UK (1990) Limited - Limited company - abbreviated - 11.0.0