Alpha Business Resource EU Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07859138 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 DECEMBER 2013

FOR

ALPHA BUSINESS RESOURCE EU LTD

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

3,094

1,025

CURRENT ASSETS

Debtors

844,696

456,364

Cash at bank

103,638

38,329

948,334

494,693

CREDITORS

Amounts falling due within one year

3

874,666

457,909

NET CURRENT ASSETS

73,668

36,784

TOTAL ASSETS LESS CURRENT LIABILITIES

76,762

37,809

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

76,662

37,709

SHAREHOLDERS' FUNDS

76,762

37,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 February 2015 and were signed by:

Ms C A Findlay - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Debt factoring

Trade debtors are recorded at invoice value, less provision for doubtful debts. Where sales invoices are subject

to debt factoring, the funds advanced by the factoring company are treated as a loan and disclosed within

creditors: amounts falling due within one year.

Factoring charges are taken to the profit and loss account as incurred.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 31 December 2012

1,098

Additions

3,100

At 30 December 2013

4,198

DEPRECIATION

At 31 December 2012

73

Charge for year

1,031

At 30 December 2013

1,104

NET BOOK VALUE

At 30 December 2013

3,094

At 30 December 2012

1,025

3.

CREDITORS

Creditors include an amount of £ 480,841 (2012 - £ 188,877 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

Only A shares have the right to vote and the right to receive a distribution upon a winding up. A and B shares

both have the right to receive a dividend.