INTERFACE TECHNOLOGIES EUROPE LTD - Limited company - abbreviated - 11.6

INTERFACE TECHNOLOGIES EUROPE LTD - Limited company - abbreviated - 11.6

INTERFACE TECHNOLOGIES EUROPE LTD - Company Information

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REGISTERED NUMBER: 05645422 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

INTERFACE TECHNOLOGIES EUROPE LTD

INTERFACE TECHNOLOGIES EUROPE LTD (REGISTERED NUMBER: 05645422)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

INTERFACE TECHNOLOGIES EUROPE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTOR: P E Pryke





SECRETARY: P E Pryke





REGISTERED OFFICE: Longfield
Midhurst Road
Fernhurst
Haslemere
Surrey
GU27 3HA





REGISTERED NUMBER: 05645422 (England and Wales)





ACCOUNTANT: John Glover
Tel. 01428 707780
JGCA Ltd
Yew Tree Cottage
North Chapel
Petworth
West Sussex
GU28 9HL
Page 1
INTERFACE TECHNOLOGIES EUROPE LTD (REGISTERED NUMBER: 05645422)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,546 3,395

CURRENT ASSETS
Stocks 15,817 24,255
Debtors 35,679 72,754
Cash at bank 37,869 41,126
89,365 138,135
CREDITORS
Amounts falling due within one year 31,820 42,593
NET CURRENT ASSETS 57,545 95,542
TOTAL ASSETS LESS CURRENT
LIABILITIES
60,091
98,937

CAPITAL AND RESERVES
Called up share capital 3 25 75
Capital redemption reserve 75 25
Profit and loss account 59,991 98,837
SHAREHOLDERS' FUNDS 60,091 98,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 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 14 April 2015 and were signed by:





P E Pryke - Director


The notes form part of these abbreviated accounts

Page 2
INTERFACE TECHNOLOGIES EUROPE LTD (REGISTERED NUMBER: 05645422)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

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 goods, excluding value added tax, despatched during the year.

The company's sales included £6,002 to the UK, £295,111 to Europe (80% of total sales), and £67,300 to the
Rest of the World. Total turnover £368,413 fell by 12% compared with 2013 (£415,336)..

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

Tools - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Research & development
The company's intention is to carry out work on innovative design on hardware and processes related to the
company's principal activity; none was spent on this in the current year.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 8,833
DEPRECIATION
At 1 January 2014 5,438
Charge for year 849
At 31 December 2014 6,287
NET BOOK VALUE
At 31 December 2014 2,546
At 31 December 2013 3,395

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
25 Ordinary Shares £1 25 75
(2013 - 75 )

Page 3 continued...
INTERFACE TECHNOLOGIES EUROPE LTD (REGISTERED NUMBER: 05645422)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

All transactions with the directors have been included in their directors' loan accounts.

5. CAPITAL REDEMPTION RESERVE FUND

On 25 July 2014, the company bought back the shares owned by two directors. Mr Pryke is now the only
shareholder.

Page 4