FINANCIAL SOLUTIONS (EURO) LIMITED Accounts filed on 30-11-2013

FINANCIAL SOLUTIONS (EURO) LIMITED - Company Information

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FINANCIAL SOLUTIONS (EURO) LIMITED

Company Registration Number:
04330903 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st December 2012

End date: 30th November 2013

SUBMITTED

Company Information
for the Period Ended 30th November 2013

Director:		Markos T Markou



Company secretary:		Ritsa Markou



Registered office:		Libra House
		66 Church Street

		Edmonton
		London
		N9 9PA




Company Registration Number:		04330903 (England and Wales)

Abbreviated Balance sheet
As at 30th November 2013

	Notes	2013 £	2012 £
Fixed assets
Tangible assets:	2	3,766	5,022
Total fixed assets:		3,766	5,022
Current assets
Stocks:		12,500	12,500
Debtors:	4	68,925	73,259
Cash at bank and in hand:		420	149
Total current assets:		81,845	85,908
Creditors
Creditors: amounts falling due within one year	5	40,857	46,482
Net current assets (liabilities):		40,988	39,426
Total assets less current liabilities:		44,754	44,448
Creditors: amounts falling due after more than one year:	6	39,585	40,060
Total net assets (liabilities):		5,169	4,388

The notes form part of these financial statements

Abbreviated Balance sheet
As at 30th November 2013
continued

	Notes	2013 £	2012 £
Capital and reserves
Called up share capital:	7	25,750	25,750
Profit and Loss account:		( 20,581 )	( 21,362 )
Total shareholders funds:		5,169	4,388

For the year ending 30 November 2013 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.

The financial statements were approved by the Board of Directors on 29 August 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Markos T Markou
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statement are prepared under the historical cost convention and in accordance with the small companies regime.

Turnover policy

Turnover represents the total value of services supplied by the company during the year, net of Value Added Tax and trade discounts.

Tangible fixed assets depreciation policy

Depreciation is provided on all tangible fixed assets at rates calculated to write the assets down to their residual value at the end of their anticipated useful life. The rates used are as follows: Office Equipment (incl computers) 25% of net book value

Intangible fixed assets amortisation policy

n/a

Valuation information and policy

n/a

Other accounting policies

n/a

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

2. Tangible assets

	Total
Cost	£
At 01st December 2012:	27,643
At 30th November 2013:	27,643
Depreciation
At 01st December 2012:	22,621
Charge for year:	1,256
At 30th November 2013:	23,877
Net book value
At 30th November 2013:	3,766
At 30th November 2012:	5,022

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

4. Debtors

	2013 £	2012 £
Trade debtors:	41,236	37,762
Other debtors:	27,689	35,497
Total:	68,925	73,259

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

5. Creditors: amounts falling due within one year

	2013 £	2012 £
Bank loans and overdrafts:	19,691	19,847
Trade creditors:	12,724	6,771
Taxation and social security:	5,436	6,936
Accruals and deferred income:	500	1,350
Other creditors:	2,506	11,578
Total:	40,857	46,482

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

6. Creditors: amounts falling due after more than one year

	2013 £	2012 £
Bank loans and overdrafts:	39,585	40,060
Total:	39,585	40,060

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

7. Called up share capital

Allotted, called up and paid

Previous period			2012
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	25,750	1.00 1.00	25,750
Total share capital:			25,750

Current period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	25,750	1.00 1.00	25,750
Total share capital:			25,750

FINANCIAL SOLUTIONS (EURO) LIMITED Accounts filed on 30-11-2013