INDUSTRIAL_ADHESIVE_SOLUT

INDUSTRIAL ADHESIVE SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

1,299

2,040

Investments

273,412

274,711

275,452

Current assets

Stocks

115,057

105,489

Debtors

283,728

217,834

Cash at bank and in hand

34,537

11,308

433,322

334,631

Creditors: amounts falling due within one year

(566,739)

(551,631)

Net current liabilities

(133,417)

(217,000)

Total assets less current liabilities

141,294

58,452

Creditors: amounts falling due after more than one year

(9,068)

(24,982)

Provisions for liabilities

(260)

(408)

131,966

33,062

Capital and reserves

Called up share capital

150

Profit and loss account

131,816

32,912

Shareholders' funds

131,966

33,062

INDUSTRIAL ADHESIVE SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2013

- 2 -

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 24 September 2014

Mr M L Sadler

Mr P S Robinson

Director

Company Registration No. 05656982

INDUSTRIAL ADHESIVE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

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 April 2008).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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

33.3% straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

INDUSTRIAL ADHESIVE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2013

928

273,412

274,340

Additions

1,299

At 31 December 2013

2,227

273,412

275,639

Depreciation

At 1 January 2013

186

Charge for the year

742

At 31 December 2013

928

Net book value

At 31 December 2013

1,299

273,412

274,711

At 31 December 2012

2,040

273,412

275,452

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Avanti Tapes Limited

England and Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2013

Principal activity

Avanti Tapes Limited

Sales of protective tape

(699)

(126,709)

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £153,554 (2012 - £176,384).

INDUSTRIAL ADHESIVE SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 5 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £9,068 (2012 - £21,882).

Share capital

2013

2012

Allotted, called up and fully paid

150 Ordinary shares of £1 each

150