REGISTERED NUMBER: 03344275 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

A.a.s.c..(Antioxidants Analysts

Suppliers & Consultants) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Dr. G. Paganga

SECRETARY:

Mrs. S. Paganga

REGISTERED OFFICE:

Castle Malwood Park Farm

Minstead

Lyndhurst

Hampshire

SO43 7HA

REGISTERED NUMBER:

03344275 (England and Wales)

ACCOUNTANTS:

RWB Tax Consultants Limited

F7A Lynch Lane Offices

Lynch Lane

Weymouth

Dorset

DT4 9DN

FIXED ASSETS

Intangible assets

4

54,900

61,000

Tangible assets

5

352,032

364,557

406,932

425,557

CURRENT ASSETS

Stocks

25,000

35,000

Debtors

6

84,561

101,382

Cash at bank

711,735

414,586

821,296

550,968

CREDITORS

Amounts falling due within one year

7

200,011

139,589

NET CURRENT ASSETS

621,285

411,379

TOTAL ASSETS LESS CURRENT LIABILITIES

1,028,217

836,936

PROVISIONS FOR LIABILITIES

17,275

14,073

NET ASSETS

1,010,942

822,863

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

1,010,842

822,763

SHAREHOLDERS' FUNDS

1,010,942

822,863

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

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

The director acknowledges his 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 director on 30 June 2017 and were signed by:

Dr. G. Paganga - Director

1.	STATUTORY INFORMATION

A.a.s.c..(Antioxidants Analysts Suppliers & Consultants) 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.

Turnover

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

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 April 2016

and 31 March 2017

61,000

AMORTISATION

Amortisation for year

6,100

At 31 March 2017

6,100

NET BOOK VALUE

At 31 March 2017

54,900

At 31 March 2016

61,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2016

297,253

191,425

12,955

Additions

3,847

-

-

At 31 March 2017

301,100

191,425

12,955

DEPRECIATION

At 1 April 2016

10,055

134,294

9,839

Charge for year

5,744

8,570

467

Eliminated on disposal

-

-

-

At 31 March 2017

15,799

142,864

10,306

NET BOOK VALUE

At 31 March 2017

285,301

48,561

2,649

At 31 March 2016

287,198

57,131

3,116

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2016

23,433

12,774

537,840

Additions

17,183

-

21,030

Disposals

(23,433

)

-

(23,433

)

At 31 March 2017

17,183

12,774

535,437

DEPRECIATION

At 1 April 2016

10,252

8,843

173,283

Charge for year

4,296

1,297

20,374

Eliminated on disposal

(10,252

)

-

(10,252

)

At 31 March 2017

4,296

10,140

183,405

NET BOOK VALUE

At 31 March 2017

12,887

2,634

352,032

At 31 March 2016

13,181

3,931

364,557

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

84,561

79,202

VAT

-

21,104

Prepayments

-

1,076

84,561

101,382

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Tax

57,861

47,348

Social security and other taxes

2,852

748

VAT

15,816

-

Other creditors

18,641

338

Directors' current accounts

103,816

90,160

Accrued expenses

1,025

995

200,011

139,589

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2016

822,763

Profit for the year

232,409

Dividends

(44,330

)

At 31 March 2017

1,010,842

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY