REMOPT_(UK)_LIMITED - Accounts

BWTECH INTERNATIONAL LIMITED - Company Information

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Company Registration No. 06346037 (England and Wales)

REMOPT (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

REMOPT (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

REMOPT (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,552

5,328

Current assets

Debtors

478,937

677,446

Cash at bank and in hand

799,246

271,367

1,278,183

948,813

Creditors: amounts falling due within one year

(177,683)

(150,983)

Net current assets

1,100,500

797,830

Total assets less current liabilities

1,104,052

803,158

Provisions for liabilities

(711)

(1,065)

1,103,341

802,093

Capital and reserves

Called up share capital

125,100

Profit and loss account

978,241

676,993

Shareholders' funds

1,103,341

802,093

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 members have 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 and authorised for issue on 22 September 2016

Mr Flavio Buratto

Director

Company Registration No. 06346037

REMOPT (UK) 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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33.33% on reducing balance

1.4

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

1.5

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

Tangible assets

Cost

At 1 January 2015 & at 31 December 2015

66,319

Depreciation

At 1 January 2015

60,991

Charge for the year

1,776

At 31 December 2015

62,767

Net book value

At 31 December 2015

3,552

At 31 December 2014

5,328

REMOPT (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

125,100 Ordinary of £1 each

125,100

Ultimate parent company

The directors equally own the issued share capital of the company.