Indorama Services UK Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08167838 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

INDORAMA SERVICES UK LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Lohia

A Lohia

S Agarwal

SECRETARY:

REGISTERED OFFICE:

6th Floor

86 Jermyn Street

London

SW1Y 6JD

REGISTERED NUMBER:

08167838 (England and Wales)

ACCOUNTANTS:

Amchins

Chartered Accountants

Amchins Limited

23 Northiam

Woodside Park

London

N12 7ET

FIXED ASSETS

Tangible assets

5

1,160,444

1,325,072

CURRENT ASSETS

Debtors

361,758

357,097

Cash at bank and in hand

166,513

303,004

528,271

660,101

CREDITORS

Amounts falling due within one year

(52,322

)

(65,763

)

NET CURRENT ASSETS

475,949

594,338

TOTAL ASSETS LESS CURRENT LIABILITIES

1,636,393

1,919,410

CREDITORS

Amounts falling due after more than one year

6

(1,308,500

)

(1,658,500

)

NET ASSETS

327,893

260,910

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

317,893

250,910

SHAREHOLDERS' FUNDS

327,893

260,910

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 February 2018 and were signed on its behalf by:

S Agarwal - Director

1.	STATUTORY INFORMATION

Indorama Services UK 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Tangible fixed assets

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

Short leasehold

-

in accordance with the property

Fixtures and fittings

-

10% on cost

Computer equipment

-

10% on 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

1,734,201

Additions

18,188

At 31 December 2017

1,752,389

DEPRECIATION

At 1 January 2017

409,129

Charge for year

182,816

At 31 December 2017

591,945

NET BOOK VALUE

At 31 December 2017

1,160,444

At 31 December 2016

1,325,072

Depreciation on Tangible Fixed assets is charged at the prevailing rates in accordance with the accounting

policies, apportioned on a time basis.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2017

2016

£

£

Repayable by instalments

Other loans payable more

than 5 years.

1,308,500

1,658,500

1,308,500

1,658,500

7.	ULTIMATE PARENT COMPANY

Indorama Investments Limited (incorporated in Bahamas) is regarded by the directors as being the company's

ultimate parent company.