EFFRA_LIMITED - Accounts

EFFRA LIMITED - Company Information

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Company Registration No. 07245404 (England and Wales)

EFFRA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

EFFRA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EFFRA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

356

475

Current assets

Debtors

4,384

3,786

Cash at bank and in hand

116,316

166,455

120,700

170,241

Creditors: amounts falling due within one year

(9,399)

(29,866)

Net current assets

111,301

140,375

Total assets less current liabilities

111,657

140,850

Provisions for liabilities

(71)

(95)

111,586

140,755

Capital and reserves

Called up share capital

Profit and loss account

111,585

140,754

Shareholders' funds

111,586

140,755

For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 February 2016

Mr B H Walpole

Director

Company Registration No. 07245404

EFFRA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

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

1.3

Tangible fixed assets and depreciation

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:

Plant and machinery

25% per annum reducing balance

1.4

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.

1.5

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.

1.6

VAT flat rate scheme

The company is currently operating the VAT flat rate scheme. Turnover is shown net of flat rate scheme VAT declared and input VAT, being non claimable under the scheme, is included within the related expense or cost heading.

Fixed assets

Tangible assets

Cost

At 1 June 2014 & at 31 May 2015

1,155

Depreciation

At 1 June 2014

680

Charge for the year

119

At 31 May 2015

799

Net book value

At 31 May 2015

356

At 31 May 2014

475

EFFRA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary shares of £1 each