

			Company registration number:04516196






			ABTECH POWER LIMITED

			ABBREVIATED FINANCIAL STATEMENTS

			FOR THE PERIOD ENDED 31 December 2012



ABTECH POWER LIMITED

BALANCE SHEET

AS AT 31 December 2012

		2012		2011
	Notes	£	£	£	£

FIXED ASSETS
Tangible assets	2		183,329		190,057

			183,329		190,057

CURRENT ASSETS
Stocks		22,999		13,162
Debtors		63,622		50,119
Cash at bank and in hand		2,710		400

		89,331		63,681

CREDITORS
Amounts falling due within one year		(84,145)		(86,025)

NET CURRENT ASSETS			5,186		(22,344)

TOTAL ASSETS LESS
CURRENT LIABILITIES			188,515		167,713

Creditors falling due after one year			(292,439)		(262,439)

PROVISIONS FOR LIABILITIES			(0)		(70)

NET ASSETS			(103,924)		(94,796)



CAPITAL AND RESERVES
Called-up equity share capital	5		10,000		10,000
Profit and loss account			(113,924)		(104,796)

SHAREHOLDERS FUNDS			(103,924)		(94,796)



For the period ending 31 December 2012 the company was entitled to exempti 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 the accounts.


These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Approved by the board of directors on 6 September 2013 and signed on its behalf.




..........................................................................
G Brand - Director

6 September 2013
The annexed notes form part of these financial statements.

ABTECH POWER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2012

Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents charges to external customers exclusive of Value Added Tax and trade discounts. Income from sale of goods is recognised at the date the delivery leaves the company premises.

Foreign currency

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Fixed assets

Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:- Depreciation charged is apportioned in the year of acquisition of an asset but none is charged in the year of disposal.

Fixtures and fittings 25% per annum straight line

Freehold property (Buildings only) 2% per annum straight line

Stocks and work In progress

Stocks and work in progress are valued consistently at the lower of cost (on a first in, first out basis) or net realisable value. Cost, where appropriate, includes a proportion of directly attributable overheads.

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based upon rates enacted at the balance sheet date.



2.	Tangible fixed assets

		Total

	Cost
	At start of period	234,382
	At end of period	234,382

	Depreciation
	At start of period	44,326
	Provided during the period	6,727
	At end of period	51,053

	Net Book Value
	At start of period	190,057
	At end of period	183,329



3.	Debtors


	Debtors include £3,802 in respect of amounts due after more than one year.


	Included within other debtors is a loan to A G Brand, a director, of £28,565 (2011 £16,069). The maximum amount outstanding during the year wa £28,753 (2011 £28,231). Interest has been charged on this loan. Included in other debtors is a loan to G brand, a director, of £378 (2011 £765). The maximum amount outstanding during the year was £765 (2011 £1,115).

Creditors

Of the creditors due within one year £ 4,973 (2011 : £8,715) is secured.

Of the creditors due after more than one year £ 292,439 (2011 : £262,439) secured.


5.	Share capital	Allotted, issued and fully paid
		Allotted, issued and fully paid
		2012	2011
		£	£

	Ordinary shares of £1 each	10,000	10,000
	Total issued share capital	10,000	10,000



6.	Transactions with directors
	During the year G Brand, a Director, was paid £nil (2011 £nil) for accounting services to the company.




7.	Ultimate controlling party
	The company is controlled by A G Brand, who is the ultimate controlling party.