Advanced Power & Lighting Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07582621 (England and Wales)

FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2016 TO 31 MARCH 2017

FOR

ADVANCED POWER & LIGHTING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Orel UK Ltd

Mr M H Roche

Mr D S Senanayake

REGISTERED OFFICE:

7 Ambassador Industrial Estate

Airfield Road

Christchurch

Dorset

BH23 3TG

REGISTERED NUMBER:

07582621 (England and Wales)

AUDITORS:

Newton Magnus

Chartered Certified Accountants

& Statutory Auditors

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

FIXED ASSETS

Intangible assets

4

120,518

135,945

Tangible assets

5

1,890

2,446

122,408

138,391

CURRENT ASSETS

Stocks

23,844

43,949

Debtors

808,667

632,862

Cash at bank

29,315

107

861,826

676,918

CREDITORS

Amounts falling due within one year

(449,232

)

(584,582

)

NET CURRENT ASSETS

412,594

92,336

TOTAL ASSETS LESS CURRENT LIABILITIES

535,002

230,727

CREDITORS

Amounts falling due after more than one year

(488,263

)

-

NET ASSETS

46,739

230,727

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

46,639

230,627

SHAREHOLDERS' FUNDS

46,739

230,727

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 Income Statement and an abridged Balance Sheet for the period ended 31 March 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 29 March 2018 and were signed on its behalf by:

Mr M H Roche - Director

Mr D S Senanayake - Director

1.	STATUTORY INFORMATION

Advanced Power & Lighting 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

These accounts have been prepared on the going concern basis on the basis of continued support

from its parent company and ultimate parent company.

Turnover

Turnover represents the value of goods and services supplied by the company during the year,

excluding value added tax and trade discounts.

Intangible fixed assets and amortisation

Intangible fixed assets are valued at cost less accumulated amortisation. Amortisation is calculated

to write off the cost in equal annual instalments over their estimated useful lives.

Trademarks acquired by the company are amortised over an economic useful life of 10 years.

Goodwill is the difference between amounts paid on the acquisition of the business and the fair

value of the unidentifiable assets and liabilities. It is amortised over an estimated useful life of 10

years.

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 etc

-

33% on cost, 30% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for

obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of

fixed and variable overheads.

Taxation

Taxation for the period 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 period 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.

Research and development

Development costs are capitalised within intangible assets where they can be identified with a

specific product or project anticipated to produce future benefits, and are amortised on the straight

line basis over the anticipated life of the benefits arising from the completed product or project.

Deferred research and development costs are reviewed annually, and where future benefits are

deemed to have ceased or to be in doubt, the balance of an related research and development is

written off to the Profit and Loss Account.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates

of exchange ruling at the balance sheet date.

Transaction in foreign currencies are translated into sterling at the rate ruling on the date of the

transaction.

Exchange gains and losses are recognised in the Profit and loss Account.

Hire purchase and leasing commitments

Rental under operating leases are charged to the Profit and Loss Account on a straight line basis

over lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a

straight line basis over the period until the date the rent is expected to be adjusted to the prevailing

market rate.

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.

Long-term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed

with reasonable certainty. The profit included is calculated on a prudent basis to reflect the

proportion of the work carried out at the year end, by recording turnover and related costs as

contract activity progresses. Turnover is calculated as that proportion of total contract value which

costs incurred to date bear to total expected costs for that contract. Revenues derived from

variations on contracts are recognised only when they have been accepted by the customer. Full

provision is made for losses an all contracts in the year in which they are first foreseen.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

179,674

Additions

1,159

At 31 March 2017

180,833

AMORTISATION

At 1 May 2016

43,729

Amortisation for period

16,586

At 31 March 2017

60,315

NET BOOK VALUE

At 31 March 2017

120,518

At 30 April 2016

135,945

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

32,716

Additions

700

Disposals

(7,000

)

At 31 March 2017

26,416

DEPRECIATION

At 1 May 2016

30,270

Charge for period

1,256

Eliminated on disposal

(7,000

)

At 31 March 2017

24,526

NET BOOK VALUE

At 31 March 2017

1,890

At 30 April 2016

2,446

6.	SECURED DEBTS

The A+ Group Limited, Advanced Ecobuild Services Limited, Advanced Water & Waste Limited and

the Company provide a security by fixed and floating charges over their property and assets present

and future and an unlimited composite group guarantee over the group's trade facility with its

banker.

The company director, MH Roche, provided personal guarantee of £200,000 over all debts due to

it's banker.

The previous guarantee of £120,000 over the company's trade facility with it's invoice factoring

facility was satisfied on 6th March 2017.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Uncertainty related to going concern

We draw attention to note in the financial statements, which indicates that the future of the

company as a going concern is dependent on the continued financial support of the company's

holding company and other group members. We have received assurances that the intention of the

group is to provide the necessary support fo the foreseeable future.

These matters indicate that uncertainty exists that may cast doubt on the company's ability to

continue as a going concern. Our opinion is not modified in respect of this matter.

Mr I Johnston (Senior Statutory Auditor)

for and on behalf of Newton Magnus

8.	CONTINGENT LIABILITIES

At 31 march 2017 there was a potential liability in respect of services received from Greenzone

Environmental and Project Services Limited for contract management.

The amount of £31241 is contingent and dependent on the profitability of the projects under

management and the company returning to profit.

9.	GOING CONCERN

These accounts have been prepared on a going concern basis.

In the period to 31 March 2017 the company made a trading loss of £183,988. Although at that

date the balance sheet was in a net asset position the company's ability to continue to trade is

dependent on the continued support of the client's holding company and other group companies.

10.	RELATED PARTY DISCLOSURES

The Company 's immediate holding company is Orel Britannia Limited, a company incorporated in

England. The ultimate holding company is Orient Holdings ( Pvt), a company incorporated in Sri

Lanka.

Orel Britannia has made interest free loans to the company. The balance owing at 31 March 2017

was £484,563.

Mr M H Roche - director

The Director received £54,000 in management fees during the period.

Mr D S Senanayake - director

Mr Senanayake is a director of Orel UK Limited. Orel UK Limited is a director of this company and is a

70% subsidiary of Orel Britannia Limited, this company's immediate holding company.