Abbreviated Company Accounts - EUROPEAN TOOLS LTD

EUROPEAN TOOLS LTD - Company Information

06746148 EUROPEAN TOOLS LTD 2015-11-30 false 2014-12-01 2015-11-30 true 06746148 2014-12-01 2015-11-30 06746148 2015-11-30 06746148 2014-11-30 06746148 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 06746148 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 06746148

EUROPEAN TOOLS LTD

Abbreviated Accounts

30 November 2015

EUROPEAN TOOLS LTD Registered Number 06746148

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,766	2,355
		1,766	2,355
Current assets
Stocks		26,500	28,000
Debtors		19,718	5,049
		46,218	33,049
Creditors: amounts falling due within one year		(46,849)	(55,106)
Net current assets (liabilities)		(631)	(22,057)
Total assets less current liabilities		1,135	(19,702)
Total net assets (liabilities)		1,135	(19,702)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		135	(20,702)
Shareholders' funds		1,135	(19,702)

For the year ending 30 November 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 August 2016

And signed on their behalf by:
Miss S Raj, Director

EUROPEAN TOOLS LTD Registered Number 06746148

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the
year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Plant and machinery - 25% reducing balance method
Fixtures, fittings and equipment - 25% reducing balance method

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the
company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at
the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2Tangible fixed assets

	£
Cost
At 1 December 2014	5,281
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	5,281
Depreciation
At 1 December 2014	2,926
Charge for the year	589
On disposals	-
At 30 November 2015	3,515
Net book values
At 30 November 2015	1,766
At 30 November 2014	2,355

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000