Abbreviated Company Accounts - LUDWIG REITER UK LIMITED

LUDWIG REITER UK LIMITED - Company Information

07982347 LUDWIG REITER UK LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 07982347 2014-01-01 2014-12-31 07982347 2014-12-31 07982347 2013-12-31 07982347 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07982347 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 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:EUR shares

Registered Number 07982347

LUDWIG REITER UK LIMITED

Abbreviated Accounts

31 December 2014

LUDWIG REITER UK LIMITED Registered Number 07982347

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		€	€
Fixed assets
Tangible assets	2	146,719	164,270
		146,719	164,270
Current assets
Stocks		105,888	110,094
Debtors		63,012	64,454
Cash at bank and in hand		16,031	27,743
		184,931	202,291
Creditors: amounts falling due within one year		(852,250)	(690,983)
Net current assets (liabilities)		(667,319)	(488,692)
Total assets less current liabilities		(520,600)	(324,422)
Total net assets (liabilities)		(520,600)	(324,422)
Capital and reserves
Called up share capital	3	1,250	1,250
Profit and loss account		(521,850)	(325,672)
Shareholders' funds		(520,600)	(324,422)

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 29 September 2015

And signed on their behalf by:
Ludwig Uz Potyka-Reiter, Director

LUDWIG REITER UK LIMITED Registered Number 07982347

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

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention

The financial statements are prepared under the historical cost convention.

The company has a deficit of assets at the balance sheet date but has the continuing support of its directors and its main creditor and as such the directors consider it appropriate to prepare the financial statements of the company on the going concern basis.

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) which have been applied consistently (except as otherwise stated).

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

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold improvements 10% straight line
Fixtures, fittings & equipment 10% straight line

Other accounting policies
Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Stock

Stock is valued at the lower of cost and net realisable value.

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

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	192,799
Additions	1,976
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	194,775
Depreciation
At 1 January 2014	28,529
Charge for the year	19,527
On disposals	-
At 31 December 2014	48,056
Net book values
At 31 December 2014	146,719
At 31 December 2013	164,270

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

	2014 €	2013 €
1,000 Ordinary shares of €1.25 each	1,250	1,250

4. Ultimate parent company

The ultimate parent company is Ludwig Reiter Schuhmanufaktur GmbH, a company registered in Austria.