Kloeckner Chemical Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04111394 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Kloeckner Chemical Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr D B Kruger

L Ranger

SECRETARY:

P H Whiteside

REGISTERED OFFICE:

277-279 Chiswick High Road

Chiswick

London

W4 4PU

REGISTERED NUMBER:

04111394 (England and Wales)

ACCOUNTANTS:

Freeman Carr

The Gatehouse

2 Devonhurst Place

Heathfield Terrace

Chiswick

London

W4 4JD

CURRENT ASSETS

Debtors

-

11,285

Cash at bank

479,544

25,765

479,544

37,050

CREDITORS

Amounts falling due within one year

5,900

900

NET CURRENT ASSETS

473,644

36,150

TOTAL ASSETS LESS CURRENT
LIABILITIES

473,644

36,150

CAPITAL AND RESERVES

Called up share capital

2

555,000

10,000

Capital redemption reserve

7,500

-

Profit and loss account

(88,856

)

26,150

SHAREHOLDERS' FUNDS

473,644

36,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 19 December 2016 and were
signed on its behalf by:

Dr D B Kruger - 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 January

2015).

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

31.3.16

31.3.15

value:

£

5,000

Ordinary class A

£1

5,000

Ordinary class B

£1

-

5,000

550,000

Preference Shares B

£1

550,000

-

555,000

10,000

The following shares were allotted and fully paid for cash at par during the year:

0 Ordinary class B shares of £1 each

550,000 Preference Shares B shares of £1 each

2,500 Ordinary class A shares of £1 each were allotted as fully paid at a premium of 5.23 per

share during the year.

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 March 2016 and 31 March 2015:

31.3.16

31.3.15

£

P H Whiteside

Balance outstanding at start of year

11,285

-

Amounts advanced

-

11,285

Amounts repaid

(11,285

)

-

Balance outstanding at end of year

-

11,285