REGISTERED NUMBER: 00858170 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

ANGLO AQUATIC PLANT COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D J Everett

Mrs R M Everett

Miss C F Everett

SECRETARY:

Mrs R M Everett

REGISTERED OFFICE:

Strayfield Road

Enfield

Middlesex

EN2 9JE

REGISTERED NUMBER:

00858170 (England and Wales)

ACCOUNTANTS:

Gary J Cansick & Co

Chartered Acountants

Janelle House

6 Hartham Lane

Hertford

Hertfordshire

SG14 1QN

FIXED ASSETS

Tangible assets

4

979,999

998,700

CURRENT ASSETS

Stocks

274,319

287,041

Debtors

5

115,765

146,479

Cash at bank and in hand

166,474

11,841

556,558

445,361

CREDITORS

Amounts falling due within one year

6

204,622

377,715

NET CURRENT ASSETS

351,936

67,646

TOTAL ASSETS LESS CURRENT LIABILITIES

1,331,935

1,066,346

CREDITORS

Amounts falling due after more than one year

7

(648,688

)

(497,703

)

PROVISIONS FOR LIABILITIES

(88,328

)

(78,436

)

NET ASSETS

594,919

490,207

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

313,746

313,746

Retained earnings

281,073

176,361

SHAREHOLDERS' FUNDS

594,919

490,207

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 March 2018 and were signed on its behalf by:

Mrs R M Everett - Director

Mr D J Everett - Director

1.	STATUTORY INFORMATION

Anglo Aquatic Plant Company Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 August 2017 are the first that are prepared in accordance with FRS 102

Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of transition to FRS 102

Section 1A is 1 September 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost and not provided

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 September 2016

1,050,837

600,257

19,900

1,670,994

Additions

10,750

18,850

-

29,600

Disposals

-

(9,700

)

-

(9,700

)

At 31 August 2017

1,061,587

609,407

19,900

1,690,894

DEPRECIATION

At 1 September 2016

124,951

536,043

11,300

672,294

Charge for year

12,001

29,667

6,633

48,301

Eliminated on disposal

-

(9,700

)

-

(9,700

)

At 31 August 2017

136,952

556,010

17,933

710,895

NET BOOK VALUE

At 31 August 2017

924,635

53,397

1,967

979,999

At 31 August 2016

925,886

64,214

8,600

998,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Trade debtors

115,765

146,073

Other debtors

-

406

115,765

146,479

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans and overdrafts

100,314

251,945

Trade creditors

37,359

67,603

Taxation and social security

58,355

52,615

Other creditors

8,594

5,552

204,622

377,715

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

£

£

Bank loans

556,943

346,856

Other creditors

91,745

150,847

648,688

497,703

8.

RESERVES

Revaluation

reserve

£

At 1 September 2016

and 31 August 2017

313,746

9.	FIRST YEAR ADOPTION

1.9.15

31.8.16

£

£

Equity as reported under UK GAAP

505,724

568,643

Deferred tax adjustment on revaluation of Property, plant and equipment

(78,436

)

(78,436

)

Equity as restated under FRS 102

427,288

490,207