Accounts Submission

PLACEMATS.COM (EUROPE) LIMITED - Company Information

Company Accounts and Tax Online 06789728 Board of Directors 1.1.18 31.12.18 31.12.18 false iso4217:GBP xbrli:pure 06789728 2017-01-01 2017-12-31 06789728 2018-12-31 06789728 2018-01-01 2018-12-31 06789728 2017-12-31 06789728 countries:EnglandWales 2018-01-01 2018-12-31 06789728 curr:PoundSterling 2018-01-01 2018-12-31 06789728 uk-bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31 06789728 uk-bus:FRS102 2018-01-01 2018-12-31 06789728 uk-bus:AuditExempt-NoAccountantsReport 2018-01-01 2018-12-31 06789728 uk-bus:FullAccounts 2018-01-01 2018-12-31 06789728 uk-bus:RegisteredOffice 2018-01-01 2018-12-31 06789728 uk-bus:Director1 2018-01-01 2018-12-31 06789728 uk-bus:Director1 2018-01-01 06789728 uk-bus:Director1 2018-12-31 06789728 core:AfterOneYear 2018-12-31 06789728 core:AfterOneYear 2017-12-31 06789728 core:WithinOneYear 2018-12-31 06789728 core:WithinOneYear 2017-12-31 06789728 core:WithinOneYear 2018-01-01 2018-12-31 06789728 core:AfterOneYear 2018-12-31 06789728 core:AfterOneYear 2017-12-31 06789728 core:AfterOneYear 2018-01-01 2018-12-31 06789728 core:ShareCapital 2018-12-31 06789728 core:ShareCapital 2017-12-31 06789728 core:RevaluationReserve 2018-12-31 06789728 core:RevaluationReserve 2017-12-31 06789728 core:RetainedEarningsAccumulatedLosses 2018-12-31 06789728 core:RetainedEarningsAccumulatedLosses 2017-12-31 06789728 core:Associate1 2018-01-01 2018-12-31 06789728 core:Associate1 2017-12-31 06789728 core:Associate1 2018-12-31 06789728 core:Associate1 2018-01-01 2018-12-31 06789728 core:Associate2 2018-01-01 2018-12-31 06789728 core:Associate2 2017-12-31 06789728 core:Associate2 2018-12-31 06789728 core:Associate2 2018-01-01 2018-12-31 06789728 1 2018-01-01 2018-12-31 06789728 core:LandBuildings 2018-01-01 2018-12-31 06789728 core:LandBuildings 2018-12-31 06789728 core:LandBuildings 2017-01-01 2017-12-31 06789728 core:LandBuildings 2017-12-31 06789728 core:PlantMachinery 2018-01-01 2018-12-31 06789728 core:PlantMachinery 2018-12-31 06789728 core:PlantMachinery 2017-01-01 2017-12-31 06789728 core:PlantMachinery 2017-12-31 06789728 core:FurnitureFittingsToolsEquipment 2018-01-01 2018-12-31 06789728 core:FurnitureFittingsToolsEquipment 2018-12-31 06789728 core:FurnitureFittingsToolsEquipment 2017-01-01 2017-12-31 06789728 core:FurnitureFittingsToolsEquipment 2017-12-31 06789728 core:OfficeEquipment 2018-01-01 2018-12-31 06789728 core:OfficeEquipment 2018-12-31 06789728 core:OfficeEquipment 2017-01-01 2017-12-31 06789728 core:OfficeEquipment 2017-12-31 06789728 core:Vehicles 2018-01-01 2018-12-31 06789728 core:Vehicles 2018-12-31 06789728 core:Vehicles 2017-01-01 2017-12-31 06789728 core:Vehicles 2017-12-31 06789728 core:NetGoodwill 2018-01-01 2018-12-31 06789728 core:NetGoodwill 2018-12-31 06789728 core:NetGoodwill 2017-01-01 2017-12-31 06789728 core:NetGoodwill 2017-12-31 06789728 core:IntangibleAssetsOtherThanGoodwill 2018-01-01 2018-12-31 06789728 core:IntangibleAssetsOtherThanGoodwill 2018-12-31 06789728 core:IntangibleAssetsOtherThanGoodwill 2017-01-01 2017-12-31 06789728 core:IntangibleAssetsOtherThanGoodwill 2017-12-31

Company Registration Number:
06789728 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

Contents of the Financial Statements

for the Period Ended 31 December 2018


Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 8

Directors' Report Period Ended 31 December 2018

The directors present their report with the financial statements of the company for the period ended 31 December 2018

Principal Activities

sale of placemats and associated products

Directors

The directors shown below have held office during the whole of the period from 01 January 2018 to 31 December 2018
Anthony Holland

This report was approved by the board of directors on 27 August 2019
And Signed On Behalf Of The Board By:

Name: Anthony Holland
Status: Director

Balance sheet

As at 31 December 2018

	Notes	2018 £	2017 £
Fixed assets
Intangible assets:	2	2,091	2,352
Tangible assets:	3	569	756
Total fixed assets:		2,660	3,108
Current assets
Stocks:		113,665	96,910
Debtors:	4	121,546	33,288
Cash at bank and in hand:		96,590	197,692
Total current assets:		331,801	327,890
Creditors: amounts falling due within one year:	5	( 201,040 )	( 244,419 )
Net current assets (liabilities):		130,761	83,471
Total assets less current liabilities:		133,421	86,579
Total net assets (liabilities):		133,421	86,579

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2018

	2018 £	2017 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	133,420	86,578
Shareholders funds:	133,421	86,579

For the year ending 31 December 2018 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 August 2019
And Signed On Behalf Of The Board By:

Name: Anthony Holland
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents revenue recognized in the accounts. Revenue is recognized when the company fulfills its contractual obligations to customers by the supply of goods, and exclude value added taxes.

Tangible fixed assets depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Office equipment - 50% on cost

Intangible fixed assets amortisation policy

Amortization is provided on a straight line basis to write off asset over its estimated useful life of 10 years.

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Intangible assets

	Other	Total
Cost	£	£
At 01 January 2018	2,613	2,613
Additions	-	-
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 December 2018	2,613	2,613
Amortisation
Amortisation at 01 January 2018	261	261
Charge for year	261	261
On disposals	-	-
Other adjustments	-	-
Amortisation at 31 December 2018	522	522
Net book value
Net book value at 31 December 2018	2,091	2,091
Net book value at 31 December 2017	2,352	2,352

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Tangible assets

	Office equipment	Total
Cost	£	£
At 01 January 2018	3,270	3,270
Additions	381	381
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 December 2018	3,651	3,651
Depreciation
At 01 January 2018	2,514	2,514
Charge for year	568	568
On disposals	-	-
Other adjustments	-	-
At 31 December 2018	3,082	3,082
Net book value
At 31 December 2018	569	569
At 31 December 2017	756	756

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Debtors

	2018 £	2017 £
Other debtors	121,546	33,288
Total	121,546	33,288

Notes to the Financial Statements

for the Period Ended 31 December 2018

5.Creditors: amounts falling due within one year note

	2018 £	2017 £
Bank loans and overdrafts		1,190
Trade creditors	4,047	18,927
Taxation and social security	16,139	18,962
Accruals and deferred income	450	450
Other creditors	180,404	204,890
Total	201,040	244,419

Notes to the Financial Statements

for the Period Ended 31 December 2018

6.1.Related party disclosures

Name of related party:	Linen Europe Ltd
Description of relationship:
Mr Anthony Holland is the director of Linen.com (Europe) Ltd & Placemats.com (Europe) Ltd
Description of the transaction:
£49,000 is the loan taken by Linen.com(Europe) Ltd. from Placemats.com (Europe) Ltd
Balance at 01 January 2018	26,000
Balance at 31 December 2018	49,000

Name of related party:	Plymouth Pottery Ltd
Description of relationship:
Mr Anthony Holland is the director of Placemats.com (Europe) Ltd & Plymouth Pottery Ltd.
Description of the transaction:
£7288 receivable at the start of the year & £5912 payable to Plymouth Pottery Ltd at the end of year 31/12/2018.
Balance at 01 January 2018	0
Balance at 31 December 2018	5,912

Director:		Anthony Holland


Registered office:		71-75 Shelton Street Covent Garden London GBR WC2H 9JQ


Company Registration Number:		06789728 (England and Wales)

Accounts Submission