APC International Limited - Period Ending 2014-03-31

Registration number: 04977649

APC International Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Alwyn Thomas Limited
Glenaub House
Old School Road
Porthcawl
Bridgend
CF36 3AW

APC International Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
APC International Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of APC International Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of APC International Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of APC International Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than APC International Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that APC International Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of APC International Limited. You consider that APC International Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of APC International Limited. 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 statutory accounts.

......................................

Alwyn Thomas Limited
Glenaub House
Old School Road
Porthcawl
Bridgend
CF36 3AW

28 July 2014

Page 1

APC International Limited
(Registration number: 04977649)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					749,741			796,247
Current assets
Debtors		3			219,887			351,473
Cash at bank and in hand					42,880			3,450
					262,767			354,923
Creditors: Amounts falling due within one year					(55,887)			(74,627)
Net current assets					206,880			280,296
Total assets less current liabilities					956,621			1,076,543
Creditors: Amounts falling due after more than one year					(851,539)			(1,000,545)
Net assets					105,082			75,998
Capital and reserves
Called up share capital		5			100			100
Profit and loss account					104,982			75,898
Shareholders' funds					105,082			75,998

For the year ending 31 March 2014 the company was entitled to exemption 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 directors acknowledge their 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 .

Approved by the Board on 28 July 2014 and signed on its behalf by:

.........................................
Mr Iain Creasey Maxted
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

APC International Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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.

Depreciation

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

Asset class	Depreciation method and rate
Land and buildings	4% on cost
Plant and machinery etc.	25% reducing balance and 10% on cost

Hire purchase and leasing

Assets held for use in operating leases are included as a separate category in fixed assets at cost and depreciated over their useful life. Rental income from operating leases is recognised on a straight line basis over the term of the lease.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		1,064,982			1,064,982
At 31 March 2014		1,064,982			1,064,982
Depreciation
At 1 April 2013		268,735			268,735
Charge for the year		46,506			46,506
At 31 March 2014		315,241			315,241
Net book value
At 31 March 2014		749,741			749,741
At 31 March 2013		796,247			796,247

Page 3

APC International Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3

Debtors

Debtors includes £124,487 (2013 - £219,887) receivable after more than one year.

 

4

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		28,900			27,492
Amounts falling due after more than one year		603,718			632,724
Total secured creditors		632,618			660,216

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		488,119			522,754

5	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4