Euro-Optics UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02893693 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

EURO-OPTICS UK LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R A J Van Stiphout

REGISTERED OFFICE:

Unit 1

Abercorn Commercial Centre

Manor Farm Road

Alperton

Middlesex

HA0 1AN

REGISTERED NUMBER:

02893693 (England and Wales)

ACCOUNTANTS:

Williams Chartered Accountants

Jade House

67 Park Royal Road

London

NW10 7JJ

FIXED ASSETS

Tangible assets

4

973

1,097

CURRENT ASSETS

Stocks

63,222

95,054

Debtors

10,554

11,906

Cash at bank and in hand

72,604

74,086

146,380

181,046

CREDITORS

Amounts falling due within one year

200,164

191,594

NET CURRENT LIABILITIES

(53,784

)

(10,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(52,811

)

(9,451

)

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Retained earnings

6

(62,811

)

(19,451

)

SHAREHOLDERS' FUNDS

(52,811

)

(9,451

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 August 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 21 March 2019 and were signed by:

Mr R A J Van Stiphout - Director

1.	STATUTORY INFORMATION

EURO-OPTICS UK 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.

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.

Short leasehold

-

straight line over life of lease

Plant & machinery

-

15% on reducing balance

Fixtures & fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2017

45,251

Additions

83

At 31 August 2018

45,334

DEPRECIATION

At 1 September 2017

44,154

Charge for year

207

At 31 August 2018

44,361

NET BOOK VALUE

At 31 August 2018

973

At 31 August 2017

1,097

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

10,000

Ordinary

£1

10,000

10,000

6.

RESERVES

Retained

earnings

£

At 1 September 2017

(19,451

)

Deficit for the year

(43,360

)

At 31 August 2018

(62,811

)

7.	ULTIMATE CONTROLLING PARTY