EUROPE_PARCELS_LIMITED - Accounts

EUROPE PARCELS LIMITED - Company Information

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Company Registration No. 07219707 (England and Wales)

EUROPE PARCELS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013

EUROPE PARCELS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EUROPE PARCELS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

4,000

Current assets

Cash at bank and in hand

Creditors: amounts falling due within one year

(840)

(815)

Net current liabilities

(828)

(773)

Total assets less current liabilities

(827)

3,227

Creditors: amounts falling due after more than one year

(40,184)

(41,753)

(41,011)

(38,526)

Capital and reserves

Called up share capital

Profit and loss account

(41,012)

(38,527)

Shareholders' funds

(41,011)

(38,526)

For the financial year ended 31 October 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 28 July 2014

Mrs M Marinakova

Director

Company Registration No. 07219707

EUROPE PARCELS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

- 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).

Included in the balance sheet is £40,184 due to J Marinak and Mrs M Marinakova, the directors. The Directors have given an undertaking to continue to provide continued financial support to the company and will not seek repayment of these loans. The directors therefore consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from a withdrawal of this continued support.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of discounts.

1.4

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:

Computer equipment

33% straight line

Motor vehicles

25% straight line

1.5

Revenue recognition

Income from courier services are recognised at the point of collection at which point the fee receivable is non-refundable.

EUROPE PARCELS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2013

- 3 -

Fixed assets

Tangible assets

Cost

At 1 November 2012

8,182

Disposals

(7,632)

At 31 October 2013

550

Depreciation

At 1 November 2012

4,182

On disposals

(5,088)

Charge for the year

1,455

At 31 October 2013

549

Net book value

At 31 October 2013

At 31 October 2012

4,000

Share capital

2013

2012

Allotted, called up and fully paid

1 Ordinary of £1 each