REGISTERED NUMBER: 09849789 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

ADVANCED EPI MATERIALS AND DEVICES LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Colston

Dr M Myronov

REGISTERED OFFICE:

Rural Innovation Centre

Avenue H

Stoneleigh Park

Kenilworth

Warwickshire

CV8 2LG

REGISTERED NUMBER:

09849789 (England and Wales)

BANKERS:

Santander

3 Bridle Road

Bootle

Merseyside

L30 4UA

FIXED ASSETS

Intangible assets

4

75

75

Tangible assets

5

52,794

9,245

52,869

9,320

CURRENT ASSETS

Debtors

15,435

16,468

Cash at bank

32,395

83,455

47,830

99,923

CREDITORS

Amounts falling due within one year

55,743

99,905

NET CURRENT (LIABILITIES)/ASSETS

(7,913

)

18

TOTAL ASSETS LESS CURRENT LIABILITIES

44,956

9,338

CAPITAL AND RESERVES

Called up share capital

6

83

75

Retained earnings

44,873

9,263

SHAREHOLDERS' FUNDS

44,956

9,338

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 May 2018 and were signed on its behalf by:

G Colston - Director

1.	STATUTORY INFORMATION

Advanced Epi Materials And Devices Ltd 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.

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

to the nearest £1

These financial statements for the year ended 31 October 2017 are the first financial statements that comply with

FRS 102 Section 1A small entities. The date of transition is 1 November 2015.

The transduction to FRS 102 Section 1A has had no effect on the reporting position and performance in the

financial statements.

At the balance sheet date the company had net current liabilities of £7,913 (2016 - Net current assets £18) and

net assets of £44,956 (2016 - £9,338). The directors have expressed their willingness to support the company as

necessary and along with the forecasted future profitable trade the business is considered a going concern. The

accounts and financial statements have therefore been prepared on a going concern basis.

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 nil 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 etc

-

at varying rates on cost and Straight line over 3 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2016

and 31 October 2017

75

NET BOOK VALUE

At 31 October 2017

75

At 31 October 2016

75

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2016

9,777

Additions

80,503

At 31 October 2017

90,280

DEPRECIATION

At 1 November 2016

532

Charge for year

36,954

At 31 October 2017

37,486

NET BOOK VALUE

At 31 October 2017

52,794

At 31 October 2016

9,245

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

8,250

Ordinary

1p

83

75

750 Ordinary shares of 1p were issued during the year for cash of £ 8 .