Company Registration No. 05656982 (England and Wales)
INDUSTRIAL ADHESIVE SOLUTIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2013
INDUSTRIAL ADHESIVE SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
INDUSTRIAL ADHESIVE SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,299
2,040
Investments
2
273,412
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
3
(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
4
(9,068)
(24,982)
Provisions for liabilities
(260)
(408)
131,966
33,062
Capital and reserves
Called up share capital
5
150
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
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
Director
Company Registration No. 05656982
INDUSTRIAL ADHESIVE SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 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 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 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2013
928
273,412
274,340
Additions
1,299
-
1,299
At 31 December 2013
2,227
273,412
275,639
Depreciation
At 1 January 2013
186
-
186
Charge for the year
742
-
742
At 31 December 2013
928
-
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
2013
Principal activity
£
£
Avanti Tapes Limited
Sales of protective tape
(699)
(126,709)
3
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 -
4
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).
5
Share capital
2013
2012
£
£
Allotted, called up and fully paid
150 Ordinary shares of £1 each
150
150
2013-12-312013-01-01truetruetruefalsetruetruetmp3870.html2014-09-26056569822013-01-012013-12-31056569822013-12-31056569822012-12-31056569822012-12-3105656982uk-bus:CompanySecretaryDirector2013-01-012013-12-3105656982uk-bus:Director12013-01-012013-12-3105656982uk-gaap:FixturesFittingsToolsEquipment2013-01-012013-12-3105656982uk-gaap:Subsidiary12013-01-012013-12-3105656982uk-gaap:Subsidiary12013-12-3105656982uk-bus:OrdinaryShareClass12013-01-012013-12-3105656982uk-bus:OrdinaryShareClass12013-12-3105656982uk-bus:OrdinaryShareClass12012-12-3105656982uk-curr:PoundSterling2013-01-012013-12-31xbrli:purexbrli:sharesiso4217:GBP