Abbreviated Company Accounts - FORALAN WORLDWIDE TRADING COMPANY IN PRINTFINISHING EQUIPMENTS LIMITED

FORALAN WORLDWIDE TRADING COMPANY IN PRINTFINISHING EQUIPMENTS LIMITED - Company Information

Registered Number 06283201

FORALAN WORLDWIDE TRADING COMPANY IN PRINTFINISHING EQUIPMENTS LIMITED

Abbreviated Accounts

30 June 2015

FORALAN WORLDWIDE TRADING COMPANY IN PRINTFINISHING EQUIPMENTS LIMITED Registered Number 06283201

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		€	€
Current assets
Debtors		3,823	15,480
Cash at bank and in hand		200,609	-
		204,432	15,480
Creditors: amounts falling due within one year		(196,608)	(7,155)
Net current assets (liabilities)		7,824	8,325
Total assets less current liabilities		7,824	8,325
Total net assets (liabilities)		7,824	8,325
Capital and reserves
Called up share capital	2	3	3
Profit and loss account		7,821	8,322
Shareholders' funds		7,824	8,325

For the year ending 30 June 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 31 March 2016

And signed on their behalf by:
Lynsey Mason, Director

FORALAN WORLDWIDE TRADING COMPANY IN PRINTFINISHING EQUIPMENTS LIMITED Registered Number 06283201

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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 amounts derived from the company's principal activities. Turnover is recognised upon completion of the contractual obligations of all parties.

Other accounting policies
Compliance with and departure from accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Standard), which have been applied consistently (except as otherwise stated).
The company has not disclosed the ultimate controlling party which is a requirement of the Financial Reporting Standard for Smaller Entities (effective April 2008). This is a departure from accounting standards. The director is of the opinion that the non disclosure of this information does not affect the truth and fairness of the financial statements.

Deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the
time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into euros at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into euros at the rate ruling on the date of the
transaction.
Exchange gains and losses are recognised in the Profit and loss account.

2Called Up Share Capital

Allotted, called up and fully paid
2 Ordinary shares of £1 each 2015: €3 2014: €3