Abbreviated Company Accounts - UNITED EUROPE LIMITED

UNITED EUROPE LIMITED - Company Information

Registered Number 08015235

UNITED EUROPE LIMITED

Abbreviated Accounts

30 April 2014

UNITED EUROPE LIMITED Registered Number 08015235

Abbreviated Balance Sheet as at 30 April 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	51,428	37,772
		51,428	37,772
Current assets
Debtors		6,291	6,291
Cash at bank and in hand		2,735	3,094
		9,026	9,385
Creditors: amounts falling due within one year		(788)	(24,050)
Net current assets (liabilities)		8,238	(14,665)
Total assets less current liabilities		59,666	23,107
Creditors: amounts falling due after more than one year		(86,903)	(27,230)
Total net assets (liabilities)		(27,237)	(4,123)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(27,337)	(4,223)
Shareholders' funds		(27,237)	(4,123)

For the year ending 30 April 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 January 2015

And signed on their behalf by:
Mrs Galyna Kosyns'ka, Director
Mr Roman Kosynsky, Director

UNITED EUROPE LIMITED Registered Number 08015235

Notes to the Abbreviated Accounts for the period ended 30 April 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods or services falling within the company's ordinary activities, excluding value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following rates, calculated in order to write off the cost less residual value of each asset over its expected useful live, as follows:
Leasehold improvements - 10% straight line basis over their estimated useful economic lives, not to exceed ten years,
Plant and machinery - 25% on reduced balance basis,
Office Equipment - 33.3% on reduced balance basis.

Other accounting policies
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 May 2013	37,772
Additions	20,171
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2014	57,943
Depreciation
At 1 May 2013	-
Charge for the year	6,515
On disposals	-
At 30 April 2014	6,515
Net book values
At 30 April 2014	51,428
At 30 April 2013	37,772

Depreciation is provided, after taking account of any grants receivable, at the following rates, calculated in order to write off the cost less residual value of each asset over its expected useful live, as follows:
Leasehold improvements - 10% straight line basis over their estimated useful economic lives, not to exceed ten years,
Plant and machinery - 25% on reduced balance basis,
Office Equipment - 33.3% on reduced balance basis.