Abbreviated Company Accounts - CADENCE (EUROPE) LIMITED

CADENCE (EUROPE) LIMITED - Company Information

05479323 CADENCE (EUROPE) LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 05479323 2014-01-01 2014-12-31 05479323 2014-12-31 05479323 2013-12-31 05479323 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05479323 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 05479323

CADENCE (EUROPE) LIMITED

Abbreviated Accounts

31 December 2014

CADENCE (EUROPE) LIMITED Registered Number 05479323

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	161,974	54,899
		161,974	54,899
Current assets
Stocks		360,582	228,000
Debtors		141,281	39,863
Cash at bank and in hand		375,600	19,536
		877,463	287,399
Creditors: amounts falling due within one year		(165,798)	(91,785)
Net current assets (liabilities)		711,665	195,614
Total assets less current liabilities		873,639	250,513
Total net assets (liabilities)		873,639	250,513
Capital and reserves
Called up share capital	3	133	113
Share premium account		812,467	224,987
Profit and loss account		61,039	25,413
Shareholders' funds		873,639	250,513

For the year ending 31 December 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.

Approved by the Board on 30 September 2015

And signed on their behalf by:
B Scott, Director

CADENCE (EUROPE) LIMITED Registered Number 05479323

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
Land & buildings leasehold - over the length of the lease
Fixtures fittings and equipment - 33% straight line

Other accounting policies
Foreign currency translation:
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 January 2014	141,985
Additions	139,631
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	281,616
Depreciation
At 1 January 2014	87,086
Charge for the year	32,556
On disposals	-
At 31 December 2014	119,642
Net book values
At 31 December 2014	161,974
At 31 December 2013	54,899

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
13,300 Ordinary shares of £0.01 each (11,210 shares for 2013)	133	112

4Transactions with directors

Name of director receiving advance or credit:	B Scott
Description of the transaction:	Loan
Balance at 1 January 2014:	£ 6,978
Advances or credits made:	£ 48,636
Advances or credits repaid:	£ 5,810
Balance at 31 December 2014:	£ 49,804