Flaxton Limited - Accounts

Registered number

06885565

Flaxton Limited

Report and Accounts

31 December 2013

Flaxton Limited
Registered number:		06885565
Directors' Report

The directors present their report and accounts for the year ended 31 December 2013.

Principal activities
The company's principal activity during the year continued to be that of an administrative agent in the field of consultancy and trading of furnitures and project and site management.

Directors
The following persons served as directors during the year:

	Andrew Gilfillan (Resigned 01/08/2014)
	Versos Directors Limited
	Benjamin Bateson (Appointed 01/08/2014)

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 11 September 2014 and signed on its behalf.





Benjamin Bateson
Director

Flaxton Limited
Profit and Loss Account
for the year ended 31 December 2013


Notes		2013		2012
EUR			EUR

Turnover		9,604		16,000

Administrative expenses		(8,794)		(12,084)
Other operating income		1,559		-

Operating profit		2,369		3,916

Interest payable & similar charges	2	(1,552)		(327)

Profit on ordinary activities before taxation		817		3,589

Tax on profit on ordinary activities	3	(190)		(879)

Profit for the financial year		627		2,710

Flaxton Limited
Balance Sheet
as at 31 December 2013

Notes			2013			2012
EUR				EUR
Current assets
Debtors	4	25,712			22,454
Cash at bank and in hand		64,458			8,663
		90,170			31,117

Creditors: amounts falling due within one year	5	(77,875)			(19,449)

Net current assets			12,295			11,668

Net assets			12,295			11,668

Capital and reserves
Called up share capital	6		107			107
Profit and loss account	7		12,188			11,561

Shareholder's funds			12,295			11,668

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Benjamin Bateson
Director
Approved by the board on 11 September 2014

Flaxton Limited
Notes to the Accounts
for the year ended 31 December 2013

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The Company has taken advantage of the exemption in financial reporting standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Euros at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Interest payable & similar charges					2013		2012
EUR							EUR

	Loss on foreign exchange					1,552		327


3	Taxation					2013		2012
EUR							EUR

	UK corporation tax					190		879


4	Debtors					2013		2012
EUR							EUR

	Trade debtors					25,605		22,347
	Other debtors					107		107
						25,712		22,454


5	Creditors: amounts falling due within one year					2013		2012
EUR							EUR

	Corporation tax					190		879
	Other creditors					77,685		18,570
						77,875		19,449


6	Share capital	Nominal		2013		2013		2012
value			Number		EUR		EUR
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		107		107


7	Profit and loss account					2013
EUR

	At 1 January 2013					11,561
	Profit for the year					627

	At 31 December 2013					12,188


8	Ultimate controlling party

	The directors are aware of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them from disclosing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the standard in respect of confidentiality.