EFFRA_LIMITED - Accounts

EFFRA LIMITED - Company Information

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Company Registration No. 07245404 (England and Wales)

EFFRA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

EFFRA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EFFRA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

475

435

Current assets

Debtors

3,786

17,868

Cash at bank and in hand

166,455

142,450

170,241

160,318

Creditors: amounts falling due within one year

(29,866)

(44,114)

Net current assets

140,375

116,204

Total assets less current liabilities

140,850

116,639

Provisions for liabilities

(95)

(87)

140,755

116,552

Capital and reserves

Called up share capital

Profit and loss account

140,754

116,551

Shareholders' funds

140,755

116,552

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 February 2015

Mr B H Walpole

Director

Company Registration No. 07245404

EFFRA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% per annum reducing balance

1.4

Deferred taxation

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. The deferred tax balance has not been discounted.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

VAT flat rate scheme

The company is currently operating the VAT flat rate scheme. Turnover is shown net of flat rate scheme VAT declared and input VAT, being non claimable under the scheme, is shown as a separate administrative cost.

EFFRA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 June 2013

956

Additions

199

At 31 May 2014

1,155

Depreciation

At 1 June 2013

521

Charge for the year

159

At 31 May 2014

680

Net book value

At 31 May 2014

475

At 31 May 2013

435

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary shares of £1 each