The EMEA Enterprise Company Limited - Period Ending 2013-12-31

Registration number: 04301146

The EMEA Enterprise Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

The EMEA Enterprise Company Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

The EMEA Enterprise Company Limited
(Registration number: 04301146)
Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					6,803			13,308
Current assets
Stocks					712			1,000
Debtors					62,581			81,752
Cash at bank and in hand					187,399			179,724
					250,692			262,476
Creditors: Amounts falling due within one year					(36,730)			(54,790)
Net current assets					213,962			207,686
Total assets less current liabilities					220,765			220,994
Provisions for liabilities					(336)			(1,412)
Net assets					220,429			219,582
Capital and reserves
Called up share capital		3			611			611
Profit and loss account					219,818			218,971
Shareholders' funds					220,429			219,582

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 20 June 2014 and signed on its behalf by:

.........................................
Mr A N Abbs
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

The EMEA Enterprise Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% per annum of net book value
Office equipment	33.3% per annum of cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

The EMEA Enterprise Company Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2013		158,842			158,842
Additions		5,757			5,757
At 31 December 2013		164,599			164,599
Depreciation
At 1 January 2013		145,534			145,534
Charge for the year		12,262			12,262
At 31 December 2013		157,796			157,796
Net book value
At 31 December 2013		6,803			6,803
At 31 December 2012		13,308			13,308

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary of £1 each		601			601			601			601
B Ordinary of £1 each		10			10			10			10
		611			611			611			611

4	Related party transactions

Directors' advances and credits

	2013 Advance/ Credit £	2013 Repaid £	2012 Advance/ Credit £	2012 Repaid £
Mr A N Abbs
Director Loan Account	11,008	(42,823)	32,793	-

5

Control

The company is controlled by Mr A N Abbs.

Page 3