Indorama Services UK Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08167838 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

INDORAMA SERVICES UK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S P Lohia

S Agarwal

SECRETARY:

REGISTERED OFFICE:

6th Floor

86 Jermyn Street

London

SW1Y 6JD

REGISTERED NUMBER:

08167838 (England and Wales)

ACCOUNTANTS:

Amchins

Chartered Accountants

Amchins Limited

23 Northiam

Woodside Park

London

N12 7ET

FIXED ASSETS

Tangible assets

2

1,444,227

517,625

CURRENT ASSETS

Debtors

539,646

400,379

Cash at bank and in hand

310,321

307,130

849,967

707,509

CREDITORS

Amounts falling due within one year

(79,525

)

(74,751

)

NET CURRENT ASSETS

770,442

632,758

TOTAL ASSETS LESS CURRENT LIABILITIES

2,214,669

1,150,383

CREDITORS

Amounts falling due after more than one year

3

(2,008,500

)

(1,050,000

)

NET ASSETS

206,169

100,383

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Profit and loss account

196,169

90,383

SHAREHOLDERS' FUNDS

206,169

100,383

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 23 March 2016 and were signed on its behalf by:

S Agarwal - 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

10% on cost

Computer equipment

-

10% on cost

Deferred tax

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 January 2015

575,953

Additions

1,099,139

At 31 December 2015

1,675,092

DEPRECIATION

At 1 January 2015

58,328

Charge for year

172,537

At 31 December 2015

230,865

NET BOOK VALUE

At 31 December 2015

1,444,227

At 31 December 2014

517,625

3.

CREDITORS

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

2015

2014

£

£

Repayable by instalments

2,008,500

1,050,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

10,000

Ordinary

1

10,000

10,000

5.	ULTIMATE PARENT COMPANY

Indorama Investments Limited (incorporated in Bahamas ) is regarded by the directors as being the company's

ultimate parent company.