INTERFACE TECHNOLOGIES EUROPE LTD - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05645422 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

INTERFACE TECHNOLOGIES EUROPE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P E Pryke

SECRETARY:

Mrs H E Pryke

REGISTERED OFFICE:

Unit 12 Manfield Park

Guildford Road

Cranleigh

Surrey

GU6 8PT

REGISTERED NUMBER:

05645422 (England and Wales)

ACCOUNTANT:

John Glover

Tel.

01428 707780

JGCA Ltd

Yew Tree Cottage

North Chapel

Petworth

West Sussex

GU28 9HL

FIXED ASSETS

Tangible assets

2

1,905

2,546

CURRENT ASSETS

Stocks

23,400

15,817

Debtors

59,321

35,679

Cash at bank

78,915

37,869

161,636

89,365

CREDITORS

Amounts falling due within one year

42,033

31,820

NET CURRENT ASSETS

119,603

57,545

TOTAL ASSETS LESS CURRENT LIABILITIES

121,508

60,091

CAPITAL AND RESERVES

Called up share capital

3

25

25

Capital redemption reserve

75

75

Profit and loss account

121,408

59,991

SHAREHOLDERS' FUNDS

121,508

60,091

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

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

The director acknowledges his 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 director on 11 March 2016 and were signed by:

P E Pryke - 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).

Tangible fixed assets

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

Tools

-

25% on reducing balance

Office equipment

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Research & development

The company's intention is to carry out work on innovative design on hardware and processes related to the

company's principal activity; none was spent on this in the current year.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

8,833

Disposals

(125

)

At 31 December 2015

8,708

DEPRECIATION

At 1 January 2015

6,287

Charge for year

641

Eliminated on disposal

(125

)

At 31 December 2015

6,803

NET BOOK VALUE

At 31 December 2015

1,905

At 31 December 2014

2,546

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

25

Ordinary Shares

£1

25

25

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

All transactions with the directors have been included in their directors' loan accounts.