Euro Pumps Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07513593 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Euro Pumps Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs A M Harwood

REGISTERED OFFICE:

3 Springfield Avenue

Lymm

Cheshire

WA13 9RS

REGISTERED NUMBER:

07513593 (England and Wales)

ACCOUNTANTS:

Buxton Accounting LLP

Chartered Accountants

98 Middlewich Road

Northwich

Cheshire

CW9 7DA

FIXED ASSETS

Tangible assets

2

6,807

-

CURRENT ASSETS

Debtors

31

3,966

Cash at bank

8,233

13,249

8,264

17,215

CREDITORS

Amounts falling due within one year

10,254

17,264

NET CURRENT LIABILITIES

(1,990

)

(49

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,817

(49

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

4,816

(50

)

SHAREHOLDERS' FUNDS

4,817

(49

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 25 July 2016 and were signed by:

Mrs A M Harwood - 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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

1,240

Additions

9,080

At 31 May 2016

10,320

DEPRECIATION

At 1 June 2015

1,240

Charge for year

2,273

At 31 May 2016

3,513

NET BOOK VALUE

At 31 May 2016

6,807

At 31 May 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mrs A M Harwood a director was owed £8,777 as at 31 May 2016 (2015: £2,659).