FOXWELL_&_WOOD_LIMITED - Accounts

FOXWELL & WOOD LIMITED - Company Information

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Company Registration No. 03182438 (England and Wales)

FOXWELL & WOOD LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOXWELL & WOOD LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

FOXWELL & WOOD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

€

Fixed assets

Investments

760,515

830,515

Current assets

Debtors

4,236,314

4,238,485

Cash at bank and in hand

281,025

12,735

4,517,339

4,251,220

Creditors: amounts falling due within one year

(978,513)

(906,738)

Net current assets

3,538,826

3,344,482

Total assets less current liabilities

4,299,341

4,174,997

Creditors: amounts falling due after more than one year

(3,345,720)

(2,884,427)

953,621

1,290,570

Capital and reserves

Called up share capital

28,418

Profit and loss account

925,203

1,262,152

Shareholder's funds

953,621

1,290,570

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 September 2016

Amicorp (UK) Directors Limited

Director

Company Registration No. 03182438

FOXWELL & WOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Foreign currency translation

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

Fixed assets

Investments

€

Cost

At 1 January 2015

830,515

Disposals

(70,000)

At 31 December 2015

760,515

At 31 December 2014

830,515

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

Utah Scientific Inc

USA

Ordinary

100.00

Comsytec Communication System Technology S.R.L.

Italy

Ordinary

95.00

Communication Video Engineering S.R.L.

Italy

Ordinary

95.00

FOXWELL & WOOD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

€

Utah Scientific Inc

Subsidiary

(319,923)

(452,091)

Comsytec Communication System Technology S.R.L.

Subsidiary

956,129

68,927

Communication Video Engineering S.R.L.

Subsidiary

1,139,256

310,772

Share capital

2015

2014

€

Allotted, called up and fully paid

20,000 Ordinary £1 of €1.4209 each

28,418