4FRNT_SKIS_(EUROPE)_LIMIT - Accounts

4FRNT SKIS (EUROPE) LIMITED - Company Information

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Company Registration No. 06025582 (England and Wales)

4FRNT SKIS (EUROPE) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

4FRNT SKIS (EUROPE) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

4FRNT SKIS (EUROPE) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Current assets

Debtors

825,690

705,099

Cash at bank and in hand

1,361

4,050

827,051

709,149

Creditors: amounts falling due within one year

(77,328)

(51,020)

Total assets less current liabilities

749,723

658,129

Capital and reserves

Called up share capital

Profit and loss account

749,722

658,128

Shareholders' funds

749,723

658,129

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 for issue on 27 September 2016

M Sterbenz

Director

Company Registration No. 06025582

4FRNT SKIS (EUROPE) 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

Turnover

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

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.

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each

Ultimate parent company

The company is a wholly owned subsidiary of 4Frnt Skis Llc, a company incorporated in the United States.