Efp - Me Uk Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09679860

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

EFP - ME UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S M Kriskinans

SECRETARY:

REGISTERED OFFICE:

Albrighton Business Park Newport Road

Albrighton

Wolverhampton

WV7 3ET

REGISTERED NUMBER:

09679860

ACCOUNTANTS:

Kingfisher Business Advisors Ltd

Chartered Accountants

2 High St

Chobham

Woking

Surrey

GU24 8AA

FIXED ASSETS

Tangible assets

4

15,173

17,097

CURRENT ASSETS

Stocks

197,674

18,728

Debtors

5

217,861

230,936

Prepayments and accrued income

85,902

100,106

Cash in hand

5,138

1,693

506,575

351,463

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

336,648

323,287

NET CURRENT ASSETS

169,927

28,176

TOTAL ASSETS LESS CURRENT LIABILITIES

185,100

45,273

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

(761,924

)

(564,223

)

PROVISIONS FOR LIABILITIES

(2,883

)

(246

)

NET LIABILITIES

(579,707

)

(519,196

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(579,708

)

(519,197

)

SHAREHOLDERS' FUNDS

(579,707

)

(519,196

)

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

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

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 14 May 2019 and were signed by:

S M Kriskinans - Director

1.	STATUTORY INFORMATION

Efp - Me Uk Ltd is a private company, limited by shares , registered in Not specified/Other. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Plant and machinery etc

-

25% on cost

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 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 (2017 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

23,458

Additions

5,255

At 31 July 2018

28,713

DEPRECIATION

At 1 August 2017

6,361

Charge for year

7,179

At 31 July 2018

13,540

NET BOOK VALUE

At 31 July 2018

15,173

At 31 July 2017

17,097

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

161,505

182,865

Other debtors

56,356

48,071

217,861

230,936

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade creditors

128,821

126,701

Taxation and social security

6,257

13,494

Other creditors

201,570

183,092

336,648

323,287

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.18

31.7.17

£

£

Other creditors

761,924

564,223

8.	RELATED PARTY DISCLOSURES