Flaxton Limited - Accounts

Registered number

06885565

Flaxton Limited

Report and Accounts

31 December 2014

Flaxton Limited
Registered number:		06885565
Directors' Report

The directors present their report and accounts for the year ended 31 December 2014.

Principal activities
The company's principal activity during the year continued to be that of an administrative agent in the field of consultancy and trading of furnitures and project and site management.

Directors
The following persons served as directors during the year:

	Andrew Gilfillan (Resigned 01/08/2014)
	Versos Directors Limited
	Benjamin Bateson (Appointed 01/08/2014)

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 21 September 2015 and signed on its behalf.





Ben Bateson
Director

Flaxton Limited
Profit and Loss Account
for the year ended 31 December 2014


Notes		2014		2013
€			€

Turnover		47,404		9,604

Administrative expenses		(19,731)		(8,794)
Other operating income		-		1,559

Operating profit		27,673		2,369

Interest payable & similar charges	2	(23,363)		(1,552)

Profit on ordinary activities before taxation		4,310		817

Tax on profit on ordinary activities	3	(926)		(190)

Profit for the financial year		3,384		627

Flaxton Limited
Balance Sheet
as at 31 December 2014

Notes			2014			2013
€				€
Current assets
Debtors	4	73,114			25,712
Cash at bank and in hand		758			64,458
		73,872			90,170

Creditors: amounts falling due within one year	5	(58,193)			(77,875)

Net current assets			15,679			12,295

Net assets			15,679			12,295

Capital and reserves
Called up share capital	6		107			107
Profit and loss account	7		15,572			12,188

Shareholder's funds			15,679			12,295

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Ben Bateson
Director
Approved by the board on 21 September 2015

Flaxton Limited
Notes to the Accounts
for the year ended 31 December 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).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Euros at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Interest payable & similar charges					2014		2013
€							€

	Loss on foreign exchange					23,363		1,552


3	Taxation					2014		2013
€							€

	UK corporation tax					926		190


4	Debtors					2014		2013
€							€

	Trade debtors					73,008		25,605
	Other debtors					106		107
						73,114		25,712


5	Creditors: amounts falling due within one year					2014		2013
€							€

	Corporation tax					926		190
	Other creditors					57,267		77,685
						58,193		77,875


6	Share capital	Nominal		2014		2014		2013
value			Number		€		€
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		107		107


7	Profit and loss account					2014
€

	At 1 January 2014					12,188
	Profit for the year					3,384

	At 31 December 2014					15,572


8	Related party transactions

	The total related business in which the company was involved amounted to €532,288 (2013: €182,585).


9	Ultimate controlling party

	The directors are aware of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them from disclosing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the standard in respect of confidentiality.