| Stetco Limited |
| Registered number: |
04777140 |
| Abbreviated Balance Sheet |
| as at 31 December 2015 |
|
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Investments |
2 |
|
|
792,037 |
|
|
767,037 |
|
| Current assets |
| Debtors |
|
|
229,935 |
|
|
4,200 |
| Cash at bank and in hand |
|
|
24,454 |
|
|
2,418 |
|
|
|
254,389 |
|
|
6,618 |
|
| Creditors: amounts falling due within one year |
|
|
(992,818) |
|
|
(768,605) |
|
| Net current liabilities |
|
|
|
(738,429) |
|
|
(761,987) |
|
| Net assets |
|
|
|
53,608 |
|
|
5,050 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
53,606 |
|
|
5,048 |
|
| Shareholders' funds |
|
|
|
53,608 |
|
|
5,050 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
|
| Steven Tromholt Christensen |
| Director |
| Approved by the board on 8 August 2016 |
|
| Stetco Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 December 2015 |
|
|
| 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 January 2015). |
|
|
Group accounts |
|
As the company is subject to the small companies regime, group accounts have not been prepared. |
|
|
Investments |
|
Fixed asset investments are stated at cost except where in the opinion of the directors there has been a permanent diminution in the value of the investments, in which case an appropriate adjustment is made. An associate is an entity over which an investor has significant influence, being the power to participate in the financial and operating policy decisions of the investee (but not control or joint control). |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
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 at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
| 2 |
Investments |
£ |
|
|
Cost |
|
At 1 January 2015 |
767,037 |
|
Additions |
25,000 |
|
|
At 31 December 2015 |
792,037 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Denwire Ropes ApS |
Ordinary |
100 |
|
7,984 |
|
(19,415) |
|
Plan B UK ApS |
Ordinary |
50 |
|
2,418,138 |
|
(878) |
|
Denwire Ropes SARL |
Ordinary |
25 |
|
(148,605) |
|
3,373 |
|
Denwire Ropes SCI |
Ordinary |
25 |
|
480 |
|
180 |
|
Denwire House ApS |
Ordinary |
100 |
|
31,776 |
|
7,121 |
|
|
Denwire Ropes ApS, Plan B UK ApS and Denwire House ApS are incorporated in Denmark. |
|
Denwire Ropes SARL and Denwire Ropes SCI are incorporated in France. |
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
