REGISTERED NUMBER: 06237726 (England and Wales)

ACB PRESSES UK LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2016 TO 31 DECEMBER 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C H M Rosiere

F J M Van Wessem

SECRETARY:

M J Brown

REGISTERED OFFICE:

Tudor House

913A Uppingham Road

Bushby

Leicester

LE7 9RR

REGISTERED NUMBER:

06237726 (England and Wales)

SENIOR STATUTORY AUDITOR:

Niall Kingsley ACA

AUDITORS:

Duncan & Toplis Limited, Statutory Auditor

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

FIXED ASSETS

Property, plant and equipment

4

651

914

CURRENT ASSETS

Debtors

5

64,187

153,697

Cash at bank

243,515

98,173

307,702

251,870

CREDITORS

Amounts falling due within one year

6

79,031

151,834

NET CURRENT ASSETS

228,671

100,036

TOTAL ASSETS LESS CURRENT LIABILITIES

229,322

100,950

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

229,222

100,850

SHAREHOLDERS' FUNDS

229,322

100,950

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 19 April 2018 and were signed on its behalf by:

F J M Van Wessem - Director

1.	STATUTORY INFORMATION

ACB Presses UK 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to

the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

The policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

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.

These financial statements for the period ended 31 December 2017 are the first financial statements of ACB

Presses UK Limited prepared in accordance with FRS102. The reported financial position and financial performance

for the previous period are not affected by the transition to FRS102.

The financial statements are for a period of thirteen months from 1 December 2016 to 31 December 2017. The

accounting period was extended in order to be coterminous with other group companies.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Revenue

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

added tax and other sales taxes. Revenue is recognised upon despatch of goods or on provision of services.

Property, plant & equipment

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

Fixtures, fittings & equipment 15% straight line basis

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

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

statement of financial position 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 period 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

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 the income statement in the period to which they relate.

Amounts recoverable on contracts

Amounts recoverable on contracts, which are included in debtors, are stated at the net sales value of the work

done after provision for contingencies and anticipated future losses on contracts, less amounts received as

progress payments on account. Excess progress payments are included in creditors as payments on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2016 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 December 2016

and 31 December 2017

2,251

DEPRECIATION

At 1 December 2016

1,337

Charge for period

263

At 31 December 2017

1,600

NET BOOK VALUE

At 31 December 2017

651

At 30 November 2016

914

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

29,583

151,419

Amounts owed by group undertakings

13,385

-

Amounts recoverable on contract

11,120

-

Other debtors

26

-

Prepayments

10,073

2,278

64,187

153,697

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

11,778

6,301

Amounts owed to group undertakings

-

56,717

Corporation tax

30,833

9,262

Social security and other taxes

2,806

731

VAT

25,098

27,474

Other creditors

117

87

Accrued expenses

8,399

51,262

79,031

151,834

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

1,699

2,781

Between one and five years

-

1,699

1,699

4,480

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Niall Kingsley ACA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Limited, Statutory Auditor

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company is ACB SAS, a company registered in France, and the ultimate parent company is

Aries SAS, a company registered in France.

Aries SAS prepares group financial statements and copies can be obtained from - Aries SAS, 27 Rue du Ranza,

BP31908, 44319 Nantes Cedex, France.