Abbreviated Company Accounts - FOAM SOURCE EUROPE LIMITED

Abbreviated Company Accounts - FOAM SOURCE EUROPE LIMITED

FOAM SOURCE EUROPE LIMITED - Company Information

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Registered Number 04980319

FOAM SOURCE EUROPE LIMITED

Abbreviated Accounts

31 December 2013

FOAM SOURCE EUROPE LIMITED Registered Number 04980319

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
€ €
Current assets
Debtors 48,919 94,588
Cash at bank and in hand 1,085 1,335
50,004 95,923
Creditors: amounts falling due within one year (36,874) (84,140)
Net current assets (liabilities) 13,130 11,783
Total assets less current liabilities 13,130 11,783
Total net assets (liabilities) 13,130 11,783
Capital and reserves
Called up share capital 1 1
Profit and loss account 13,129 11,782
Shareholders' funds 13,130 11,783
  • For the year ending 31 December 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.

Approved by the Board on 16 September 2014

And signed on their behalf by:
Ms C D Van Heerden, Director

FOAM SOURCE EUROPE LIMITED Registered Number 04980319

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax.

Other accounting policies
Foreign currencies
Assets and liabilities in foreign currencies, with the exception of share capital, are translated into Euros at the rates of exchange ruling at the Balance Sheet date. Share capital is translated at the historical rate. Transactions in foreign currencies are translated into Euros at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.