AOP Limited - Accounts to registrar

REGISTERED NUMBER: SC232727 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

AOP Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Eftychia Turnbull

SECRETARY:

Axiano Company Secretaries Limited

REGISTERED OFFICE:

71 Brunswick Street

Edinburgh

EH7 5HS

REGISTERED NUMBER:

SC232727 (Scotland)

CURRENT ASSETS

Debtors

3

13,409,928

17,585,906

Cash at bank

1,009,565

340,909

14,419,493

17,926,815

CREDITORS

Amounts falling due within one year

4

194,172

81,037

NET CURRENT ASSETS

14,225,321

17,845,778

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,225,321

17,845,778

CAPITAL AND RESERVES

Called up share capital

12,269,473

Shareholders reserves

1,000,000

4,625,307

Retained earnings

955,848

950,998

SHAREHOLDERS' FUNDS

14,225,321

17,845,778

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29 September 2017 and were signed by:

Eftychia Turnbull - Director

1.	STATUTORY INFORMATION

AOP Limited is a private company, limited by shares , registered in Scotland. The company's registered number

and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Due to the imposition of the economic embargo on Russia by the United States and the European Union and the

drop in the value of the Ruble has resulted in high costs which made it unprofitable to trade thus reducing

significantly the company's turnover.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

DEBTORS

31.12.16

31.12.15

$

Amounts falling due within one year:

Trade debtors

4,126,105

8,375,980

Other debtors

967

4,127,072

8,376,947

31.12.16

31.12.15

$

Amounts falling due after more than one year:

Loans

9,282,856

9,208,959

Aggregate amounts

13,409,928

17,585,906

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

$

Trade and other creditors

193,816

68,000

Tax

-

7,316

Accrued expenses

356

5,721

194,172

81,037

AOP Limited - Accounts to registrar - small 17.1.1

AOP Limited - Accounts to registrar - small 17.1.1