Euro Sales and Developments Ltd,Ltd - Accounts

EURO SALES & DEVELOPMENTS LTD - Company Information

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Euro Sales and Developments Ltd

For the year ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 03158952

Euro Sales and Developments Ltd

Accountants' Report

For the year ended 31 March 2016

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the

accounts of Euro Sales and Developments Ltd for the year ended 31 March 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Euro Sales and Developments Ltd, as a body, in accordance

with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval

the accounts of Euro Sales and Developments Ltd and state those matters that we have agreed to state to the

Board of Directors of Euro Sales and Developments Ltd, as a body, in this report in accordance with the

requirements of the Association of Chartered Certified Accountants and as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than Euro Sales and Developments Ltd and its Board of Directors as a body for our

work or for this report.

It is your duty to ensure that Euro Sales and Developments Ltd has kept adequate accounting records and to

prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Euro

Sales and Developments Ltd. You consider that Euro Sales and Developments Ltd is exempt from the statutory

audit requirement for the year.

Mr J. Davis F.C.C.A.

John Davis and Co Accountants Ltd

48 The Causeway

Chippenham

Wiltshire

SN15 3DD

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Abbreviated Balance Sheet

Euro Sales and Developments Ltd

As at 31 March 2016

03158952

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

563,102

562,919

563,102

562,919

Current assets

Debtors

250

900

Cash at bank and in hand

2,269

2,982

3,169

3,232

Creditors: amounts falling due within one year

(258,650)

(292,583)

(255,418)

(289,414)

Net current liabilities

Total assets less current liabilities

273,688

307,501

Creditors: amounts falling due after more than one year

(181,539)

92,149

Net assets

125,962

Capital and reserves

Called up share capital

100

Profit and loss account

92,049

125,862

92,149

125,962

Shareholders funds

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 23 September 2016

Mr Stephen Paul Williams Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Euro Sales and Developments Ltd

For the year ended 31 March 2016

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

567,807

At 01 April 2015

475

Additions

At 31 March 2016

568,282

Depreciation

4,888

At 01 April 2015

292

Charge for year

5,180

At 31 March 2016

Net book values

At 31 March 2016

563,102

562,919

At 31 March 2015

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Notes to the Abbreviated Financial Statements

Euro Sales and Developments Ltd

For the year ended 31 March 2016

2015

2016

3 Creditors due after more than one year

181,539

Bank loans and overdrafts (secured)

4 Share capital

Allotted called up and fully paid

2016

2015

100 Ordinary shares of £1.00 each

100

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