Euro Sales and Developments Limited - Limited company accounts 11.7
Euro Sales and Developments Limited - Limited company accounts 11.7
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2015 |
| FOR |
| EURO SALES AND DEVELOPMENTS LIMITED |
| EURO SALES AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03158952) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2015 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| EURO SALES AND DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| EURO SALES AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03158952) |
| REPORT OF THE DIRECTORS |
| for the Year Ended 31 March 2015 |
| The directors present their report with the financial statements of the company for the year ended 31 March 2015. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of Property Rental and Consultancy . |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 April 2014 to the date of this report. |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
| to small companies. |
| ON BEHALF OF THE BOARD: |
| EURO SALES AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03158952) |
| PROFIT AND LOSS ACCOUNT |
| for the Year Ended 31 March 2015 |
| 2015 | 2014 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING PROFIT | 2 |
| Interest payable and similar charges |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 3 |
| PROFIT FOR THE FINANCIAL YEAR |
| EURO SALES AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03158952) |
| BALANCE SHEET |
| 31 March 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Profit and loss account | 9 | 125,862 | 163,092 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| EURO SALES AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03158952) |
| BALANCE SHEET - continued |
| 31 March 2015 |
| The financial statements were approved by the Board of Directors on by: |
| EURO SALES AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03158952) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| 2. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2015 | 2014 |
| £ | £ |
| Depreciation - owned assets |
| Loss on disposal of fixed assets |
| Directors' remuneration and other benefits etc |
| 3. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 2015 | 2014 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Tax on profit on ordinary activities |
| EURO SALES AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03158952) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2015 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Long | and |
| property | leasehold | fittings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2014 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2015 |
| DEPRECIATION |
| At 1 April 2014 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2015 |
| NET BOOK VALUE |
| At 31 March 2015 |
| At 31 March 2014 | ( |
) |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2015 | 2014 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2015 | 2014 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst | 181,539 | 181,539 |
| EURO SALES AND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03158952) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2015 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2015 | 2014 |
| £ | £ |
| Bank loans |
| The Bank Loan is secured by a charge against the Freehold Property . |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| 9. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 April 2014 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 March 2015 |