APASSOC Ltd

APASSOC LTD - Company Information

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Company Registration No. 07832656 (England and Wales)

APASSOC Ltd Abbreviated unaudited accounts for the year ended 31 March 2016

APASSOC Ltd Abbreviated Balance Sheet as at 31 March 2016

2016

2015

Notes

Fixed assets

Intangible assets

50,000

Current assets

Cash at bank and in hand

2,770

Creditors: amounts falling due within one year

(52,583)

(49,478)

Net current liabilities

(49,813)

(49,468)

Net assets

187

532

Capital and reserves

Called up share capital

100

Profit and loss account

432

Total shareholders' funds

187

532

For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the board on 17 December 2016

Andrew Neil Pritchard Director Company Registration No. 07832656

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APASSOC Ltd Notes to the Abbreviated Accounts for the year ended 31 March 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Income from participating interest

Income from participating interests arises from being a member of a LLP carrying out a trade of providing English language programme courses for students from abroad.

Intangible fixed assets

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Investments in participating interests

Investments held as fixed assets are shown at cost less provision for impairment.

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APASSOC Ltd Notes to the Abbreviated Accounts for the year ended 31 March 2016

Intangible fixed assets

Goodwill

Cost

At 1 April 2015

50,000

At 31 March 2016

50,000

Amortisation

At 1 April 2015

Net book value

At 31 March 2016

50,000

At 31 March 2015

50,000

Participating interests The following associate accounted for in excess of 15% of the company's gross assets, gross liabilities, turnover or (on a three year average) operating results: Elizabeth Johnson Organisation LLP Share of Turnover £203,055 (2015 - £235,112) Share of profit before tax £29,027 (2015 - £26,666) Share of taxation £0 (2015 - £0) Share of profit after tax £29,027 (2015 - £26,666) Share of assets Fixed Assets £97 (2015 - £287) Current Assets £21,656 (2015 - £44,685) Share of liabilities Due within one year or less (£22,022) (2015 - (£45,534)) Share of net assets (£269) (2015 - (£562))

Share capital

2016

2015

Allotted, called up and fully paid:

65 A Ordinary shares of £1 each

20 B Ordinary shares of £1 each

5 C Ordinary shares of £1 each

5 D Ordinary shares of £1 each

5 E Ordinary shares of £1 each

100

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