Animal Care Products Limited - Limited company - abbreviated - 11.9
Animal Care Products Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
ANIMAL CARE PRODUCTS LIMITED |
ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015 |
ANIMAL CARE PRODUCTS LIMITED (REGISTERED NUMBER: 03774037) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 May 2015 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 3 |
ANIMAL CARE PRODUCTS LIMITED (REGISTERED NUMBER: 03774037) |
ABBREVIATED BALANCE SHEET |
31 May 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Share premium |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
ANIMAL CARE PRODUCTS LIMITED (REGISTERED NUMBER: 03774037) |
ABBREVIATED BALANCE SHEET - continued |
31 May 2015 |
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 were approved by the director on |
ANIMAL CARE PRODUCTS LIMITED (REGISTERED NUMBER: 03774037) |
NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 May 2015 |
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 is the value of royalties received from and other services provided to its subsidiary in Russia. |
Tangible fixed assets |
Plant and machinery | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or |
a right to pay less or to receive more, tax. |
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in |
which timing differences reverse, based on tax rates and laws enacted or substantively enacted 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. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
evidences a residual interest in the assets of the company after deducting all of its liabilities. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2014 |
and 31 May 2015 |
DEPRECIATION |
At 1 June 2014 |
Charge for year |
At 31 May 2015 |
NET BOOK VALUE |
At 31 May 2015 |
At 31 May 2014 |
ANIMAL CARE PRODUCTS LIMITED (REGISTERED NUMBER: 03774037) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 May 2015 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 June 2014 |
and 31 May 2015 | 16,534 |
NET BOOK VALUE |
At 31 May 2015 |
At 31 May 2014 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Country of incorporation: Russia |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 75.00 |
£ | £ |
Aggregate capital and reserves | (167,579 | ) | (197,062 | ) |
Loss for the year | (12,446 | ) | (26,092 | ) |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary Shares | 1.00 |
5. | ULTIMATE CONTROLLING PARTY |
The controlling party is |
6. | GOING CONCERN |
At the balance sheet date the balance sheet shows negative shareholders funds of £130,218. The applicability of |
going concern is dependent on upon the continued financial support of the company's creditors. There are no |
indications that this support will cease. |