Gevecto Limited - Accounts

Registered number

06970307

Gevecto Limited

Report and Accounts

31 December 2015

Gevecto Limited
Registered number:		06970307
Directors' Report

The directors present their report and accounts for the year ended 31 December 2015.

Principal activities
The company's principal activity during the year continued to be the provision of administrative services.

Directors
The following persons served as directors during the year:

	B Bateson
	Panfry Limited

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 31 August 2016 and signed on its behalf.





B Bateson
Director

Gevecto Limited
Profit and Loss Account
for the year ended 31 December 2015


Notes		2015		2014
€			€

Turnover		58,568		53,948

Administrative expenses		(6,527)		(6,257)

Operating profit		52,041		47,691

Other interest payable and similar charges	2	(330)		(5)

Profit on ordinary activities before taxation		51,711		47,686

Tax on profit on ordinary activities	3	(11,184)		(10,249)

Profit for the financial year		40,527		37,437

Gevecto Limited
Balance Sheet
as at 31 December 2015

Notes			2015			2014
€				€
Current assets
Debtors	4	1,839			-
Cash at bank and in hand		179,268			140,443
		181,107			140,443

Creditors: amounts falling due within one year	5	(11,772)			(11,635)

Net current assets			169,335			128,808

Net assets			169,335			128,808

Capital and reserves
Called up share capital	6		2			2
Profit and loss account	7		169,333			128,806

Shareholders' funds			169,335			128,808

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 members have 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.




B Bateson
Director
Approved by the board on 31 August 2016

Gevecto Limited
Notes to the 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 UK GAAP; the Financial Reporting Standard for Smaller Entities (FRSSE 2015)

	The company has elected not to produce a cash flow statement based on the grounds that it is not required under FRSSE 2015.

	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 at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Other interest payable and similar charges					2015		2014
€							€

	Loss on foreign exchange					330		5


3	Taxation					2015		2014
€							€

	UK corporation tax					11,184		10,249


4	Debtors					2015		2014
€							€

	Other debtors					1,839		-


5	Creditors: amounts falling due within one year					2015		2014
€							€

	Corporation tax					10,313		10,249
	Other creditors					1,459		1,386
						11,772		11,635


6	Share capital	Nominal		2015		2015		2014
value			Number		€		€
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2


7	Profit and loss account					2015
€

	At 1 January 2015					128,806
	Profit for the year					40,527

	At 31 December 2015					169,333


8	Related party transactions
	The total related business in which the company was involved amounted to € 3,628,308 (2014: € 3,568,890)

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