Euromobel (UK) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04881698 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

FOR

EUROMOBEL (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B J Kelay

D Taylor

SECRETARY:

Mrs A J Kelay

REGISTERED OFFICE:

Unit 8 Junction 10 Business Park

Bentley Mill Way

Walsall

West Midlands

WS2 0LE

REGISTERED NUMBER:

04881698 (England and Wales)

ACCOUNTANTS:

Michael Bradford & Co LLP

Accountants

45 Station Road

Hednesford

Staffordshire

WS12 4DH

FIXED ASSETS

Tangible assets

2

143,366

173,566

CURRENT ASSETS

Stocks

1,290

8,348

Debtors

10,598

29,259

Cash at bank

38,968

9,201

50,856

46,808

CREDITORS

Amounts falling due within one year

116,014

122,610

NET CURRENT LIABILITIES

(65,158

)

(75,802

)

TOTAL ASSETS LESS CURRENT LIABILITIES

78,208

97,764

CREDITORS

Amounts falling due after more than one year

3

41,305

47,979

NET ASSETS

36,903

49,785

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

36,803

49,685

SHAREHOLDERS' FUNDS

36,903

49,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16th November 2015 and were signed on its behalf by:

B J Kelay - Director

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 goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

246,811

Disposals

(31,500

)

At 31st March 2015

215,311

DEPRECIATION

At 1st April 2014

73,245

Charge for year

10,200

Eliminated on disposal

(11,500

)

At 31st March 2015

71,945

NET BOOK VALUE

At 31st March 2015

143,366

At 31st March 2014

173,566

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

41,305

47,979

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100