Etre Professional Limited Accounts

ETRE PROFESSIONAL LIMITED - Company Information






Etre Professional Limited
	Company No.	01757572
	Abbreviated Accounts
	31 October 2014

at	31 October 2014

Company No.		01757572	Notes	2014	2013
				£	£





Current assets
	Stocks			4,350	5,652
	Debtors			2,600	2,600

	Cash at bank and in hand			417	775
				7,367	9,027
Creditors: Amounts falling due within one year				(7,242)	(5,789)
Net current assets				125	3,238
Total assets less current liabilities				125	3,238
Creditors: Amounts falling due after more than one year				-	(2,936)



Net assets				125	302

Capital and reserves
	Called up share capital		3	100	100



	Profit and loss account			25	202

Shareholders' funds				125	302

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 31 October 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 21 July 2015

And signed on its behalf by:

M. Congreve
Director
21 July 2015

for the year ended 31 October 2014

1	Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Foreign currencies

Monetary 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 recorded in sterling using the exchange rate ruling at the date of the transaction.
Exchange differences are are taken into account in arriving at the operating profit.

Pension costs

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 November 2013	13,383	13,383




	At 31 October 2014	13,383	13,383
	Amortisation
	At 1 November 2013	13,383	13,383




	At 31 October 2014	13,383	13,383
	Net book values
	At 31 October 2014	-	-
	At 31 October 2013	-	-

3	Share Capital
		Nominal value	2014	2014	2013
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary shares	1.00	100	100	100




				100	100