Europe Remove Ltd - Period Ending 2014-09-30

Registration number: 07034029

Europe Remove Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Roy Farrant & Co Ltd
Chartered Accountants
14 Le Corte Close
Kings Langley
Hertfordshire
WD4 9PS

Europe Remove Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Europe Remove Ltd
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Europe Remove Ltd for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Europe Remove Ltd, as a body, in accordance with the terms of our engagement letterdated 4 June 2010. Our work has been undertaken solely to prepare for your approval the accounts of Europe Remove Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Europe Remove Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Europe Remove Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Europe Remove Ltd. You consider that Europe Remove Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Europe Remove Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Roy Farrant & Co Ltd
Chartered Accountants
14 Le Corte Close
Kings Langley
Hertfordshire
WD4 9PS

11 June 2015

Page 1

Europe Remove Ltd
(Registration number: 07034029)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014						2013
	£			£			£			£
Fixed assets
Tangible fixed assets		2						80,329						30,805
Current assets
Debtors					52,518						3,976
Cash at bank and in hand					4,037						25,064
					56,555						29,040
Creditors: Amounts falling due within one year					(63,139)						(37,412)
Net current liabilities								(6,584)						(8,372)
Total assets less current liabilities								73,745						22,433
Creditors: Amounts falling due after more than one year								(50,974)						(12,000)
Provisions for liabilities								(14,646)						(6,161)
Net assets								8,125						4,272
Capital and reserves
Called up share capital		4			2						2
Profit and loss account					8,123						4,270
Shareholders' funds								8,125						4,272

For the year ending 30 September 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board on 11 June 2015 and signed on its behalf by:

......................................... V C Popovici Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Europe Remove Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% of net book value per year
Plant and machinery	10% of cost or 25% of net book value per year

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Page 3

Europe Remove Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		52,923			52,923
Additions		75,846			75,846
At 30 September 2014		128,769			128,769
Depreciation
At 1 October 2013		22,118			22,118
Charge for the year		26,322			26,322
At 30 September 2014		48,440			48,440
Net book value
At 30 September 2014		80,329			80,329
At 30 September 2013		30,805			30,805

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		22,493			6,583
Amounts falling due after more than one year		50,974			12,000
Total secured creditors		73,467			18,583

Page 4

Europe Remove Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

5	Related party transactions

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
V C Popovici
Loan on which interest is charged at 3.25% pa	9,637	-	-	-
V Virlan
Loan on which interest is charged at 3.25% pa	3,168	-	-	-

Page 5