Company Registration No. 08913537 (England and Wales)
AEQUITAS PACKING (UK) LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
AEQUITAS PACKING (UK) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
AEQUITAS PACKING (UK) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
374
-
Current assets
Debtors
6,363
-
Cash at bank and in hand
3,404
-
9,767
-
Creditors: amounts falling due within one year
(2,926)
(1,000)
Net current assets/(liabilities)
6,841
(1,000)
Total assets less current liabilities
7,215
(1,000)
Creditors: amounts falling due after more than one year
(225,767)
(113,677)
(218,552)
(114,677)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(218,553)
(114,678)
Shareholders' funds
(218,552)
(114,677)
AEQUITAS PACKING (UK) LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2016
28 February 2016
- 2 -
For the financial Year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 June 2016
G Chubb
Director
Company Registration No. 08913537
AEQUITAS PACKING (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements have been prepared on a going concern basis. This assumes the continued support of the US parent company to fund ongoing operations.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 33%
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015
-
Additions
561
At 28 February 2016
561
Depreciation
At 1 March 2015
-
Charge for the period
187
At 28 February 2016
187
Net book value
At 28 February 2016
374
AEQUITAS PACKING (UK) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 ordinary of £1 each
1
1
4
Ultimate parent company
Aequitas Packing Group Inc (incorporated in USA) is regarded by the director as being the company's ultimate parent company.