Abbreviated Company Accounts - PB EUROPE LIMITED

KURIO GROUP LIMITED - Company Information

07657756 PB EUROPE LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 07657756 2014-06-01 2015-05-31 07657756 2015-05-31 07657756 2014-05-31 07657756 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 07657756 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 07657756

PB EUROPE LIMITED

Abbreviated Accounts

31 May 2015

PB EUROPE LIMITED Registered Number 07657756

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,025	13,164
Investments	3	10,000	-
		15,025	13,164
Current assets
Stocks		2,200	1,000
Debtors		681	1,113
Cash at bank and in hand		100	121
		2,981	2,234
Creditors: amounts falling due within one year		(180,544)	(190,783)
Net current assets (liabilities)		(177,563)	(188,549)
Total assets less current liabilities		(162,538)	(175,385)
Total net assets (liabilities)		(162,538)	(175,385)
Capital and reserves
Called up share capital	4	195	100
Share premium account		47,405	0
Profit and loss account		(210,138)	(175,485)
Shareholders' funds		(162,538)	(175,385)

For the year ending 31 May 2015 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 26 February 2016

And signed on their behalf by:
P L Bromley, Director

PB EUROPE LIMITED Registered Number 07657756

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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. The financial statements have been prepared on a going concern basis not withstanding the accumulated deficit of shareholders funds of the company as at 31st May 2015. The company meets its day to day working capital requirements through loans from its directors. The directors have given assurances that they will not demand repayment until the company has sufficient funds to repay the loans. Given this assurance the directors believe that it is appropriate to prepare the financial statements on a going concern basis.

Tangible assets depreciation policy
Depreciation is provided at 33% per annum on a straight line basis in order to write off each asset over its estimated useful life.

2Tangible fixed assets

	£
Cost
At 1 June 2014	24,423
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	24,423
Depreciation
At 1 June 2014	11,259
Charge for the year	8,139
On disposals	-
At 31 May 2015	19,398
Net book values
At 31 May 2015	5,025
At 31 May 2014	13,164

3Fixed assets Investments
The fixed asset investment represents a 76% holding in Kurio Performance Limited. This company commenced trading on 1st June 2014 and at 31st May 2015 had a share capital of £200 and a loss for the year of £3001, giving total shareholders funds of -£2801.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
195 Ordinary shares of £1 each (100 shares for 2014)	195	100