AFT European Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07563414 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

AFT European Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D P Allen

REGISTERED OFFICE:

72a High Street

Battle

United Kingdom

East Sussex

TN33 0AG

REGISTERED NUMBER:

07563414 (England and Wales)

ACCOUNTANTS:

MVL Business Services

72a High Street

Battle

East Sussex

TN33 0AG

FIXED ASSETS

Intangible assets

2

-

1,500

Tangible assets

3

380

356

380

1,856

CURRENT ASSETS

Debtors

170

102

Cash at bank

2,387

4,589

2,557

4,691

CREDITORS

Amounts falling due within one year

1,005

3,204

NET CURRENT ASSETS

1,552

1,487

TOTAL ASSETS LESS CURRENT LIABILITIES

1,932

3,343

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,832

3,243

SHAREHOLDERS' FUNDS

1,932

3,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 5 June 2015 and were signed by:

D P Allen - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Deferred tax

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

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

6,000

AMORTISATION

At 1 April 2014

4,500

Amortisation for year

1,500

At 31 March 2015

6,000

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

1,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

475

Additions

150

At 31 March 2015

625

DEPRECIATION

At 1 April 2014

119

Charge for year

126

At 31 March 2015

245

NET BOOK VALUE

At 31 March 2015

380

At 31 March 2014

356

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100