Animal Care Products Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03774037 (England and Wales)

ANIMAL CARE PRODUCTS LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T S B Unmack

Mr D N Whyte

REGISTERED OFFICE:

Owthorne Manor

2 Hubert Street

Withernsea

East Yorkshire

HU19 2AT

REGISTERED NUMBER:

03774037 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

Owthorne Manor

2 Hubert Street

Withernsea

East Yorkshire

HU19 2AT

FIXED ASSETS

Tangible assets

4

-

13

Investments

5

16,534

16,534

16,534

16,547

CURRENT ASSETS

Debtors

6

462,969

444,523

Cash at bank

848

756

463,817

445,279

CREDITORS

Amounts falling due within one year

7

597,392

596,132

NET CURRENT LIABILITIES

(133,575

)

(150,853

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(117,041

)

(134,306

)

CAPITAL AND RESERVES

Called up share capital

195,792

195,792

Share premium

64,233

64,233

Retained earnings

(377,066

)

(394,331

)

SHAREHOLDERS' FUNDS

(117,041

)

(134,306

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 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 Board of Directors on 21 February 2018 and were signed on its behalf by:

Mr T S B Unmack - Director

1.	STATUTORY INFORMATION

Animal Care Products Limited is a private company, limited by shares , registered in England and Wales. 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 the value of royalties received from and other services provided to its subsidiary in Russia.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet 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.

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 the transaction. Exchange differences are taken into account in arriving at the operating profit.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 June 2016

899

Disposals

(899

)

At 31 May 2017

-

DEPRECIATION

At 1 June 2016

886

Eliminated on disposal

(886

)

At 31 May 2017

-

NET BOOK VALUE

At 31 May 2017

-

At 31 May 2016

13

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2016

and 31 May 2017

16,534

NET BOOK VALUE

At 31 May 2017

16,534

At 31 May 2016

16,534

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

124,364

105,919

Loan - 000Brilit

337,188

337,188

Prepayments

1,417

1,416

462,969

444,523

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other loans

92,851

572,601

Directors' current accounts

501,827

22,078

Accruals

2,714

1,453

597,392

596,132

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr T S B Unmack.

9.	GOING CONCERN

At the balance sheet date the balance sheet shows negative shareholders funds of £117,041. The applicability of

going concern is dependent on upon the continued financial support of the company's creditors. There are no

indications that this support will cease.