INDAVER UK LIMITED

INDAVER UK LIMITED

INDAVER UK LIMITED - Company Information

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INDAVER UK LIMITED

Company Registration Number:
06126292 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

INDAVER UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

INDAVER UK LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 0 9,096
Total fixed assets: 0 9,096
Current assets
Stocks: 36,970 50,751
Debtors: 4 1,285,225 1,764,997
Cash at bank and in hand: 1,528,450 1,363,716
Total current assets: 2,850,645 3,179,464
Creditors: amounts falling due within one year:   (2,676,436) (2,949,406)
Net current assets (liabilities): 174,209 230,058
Total assets less current liabilities: 174,209 239,154
Total net assets (liabilities): 174,209 239,154
Capital and reserves
Called up share capital: 1,160,000 1,160,000
Other reserves: (985,791) (920,846)
Shareholders funds: 174,209 239,154

The notes form part of these financial statements

INDAVER UK LIMITED

Balance sheet statements

For the year ending 31 December 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 24 October 2018
and signed on behalf of the board by:

Name: John Ahern and Seamus Flynn
Status: Director

The notes form part of these financial statements

INDAVER UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

International Financial Reporting Standards (IFRS) as adopted by the European Union and in compliance wth the Companies Act 2006.

INDAVER UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Employees

2017 2016
Average number of employees during the period 11 13

INDAVER UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 01 January 2017 20,213
Disposals (7,748)
At 31 December 2017 12,465
Depreciation
At 01 January 2017 11,117
Charge for year 1,348
At 31 December 2017 12,465
Net book value
At 31 December 2017 0
At 31 December 2016 9,096

INDAVER UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Debtors

2017 2016
££
Debtors due after more than one year: 847,663 303,061

INDAVER UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

5. Financial commitments

There are no capital commitments or other contingen liabilities as at 31 December 2017 (2016: £Nil)

INDAVER UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

6. Related party transactions

Name of the related party: Indaver Participants NV
Relationship:
Part of the same group of companies
Description of the Transaction: Interst bearing loan received during the year of £175124 (2016: 3821,436). Total amount outstanding on this loan at 31 December 2017 was £1,301,883. Total interest charged dueing teh year on teh loan was £22,813. Interest payable at 31 December 2017 £10,013.
£
Balance at 01 January 2017 821,436
Balance at 31 December 2017 1,301,883
Name of the related party: Indaver Impex BV
Relationship:
Group Company
Description of the Transaction: Purchases from Indaver Impex BV amounting to £1653738. Balance due at the financial year end was £186304.
£
Balance at 01 January 2017 1,063,636
Balance at 31 December 2017 186,304
Name of the related party: Indaver Ireland Limited
Relationship:
Group Company
Description of the Transaction: Company made purchases from Indaver Ireland Limited of £199574. Balance payable at year end is £229334.
£
Balance at 01 January 2017 0
Balance at 31 December 2017 229,334