STORE_BUILDER_EUROPE_LIMI - Accounts

STORE BUILDER EUROPE LIMITED - Company Information

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Company Registration No. 05659055 (England and Wales)

STORE BUILDER EUROPE LIMITED

(FORMERLY ER EUROPE LIMITED)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

STORE BUILDER EUROPE LIMITED

(FORMERLY ER EUROPE LIMITED)

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

STORE BUILDER EUROPE LIMITED

(FORMERLY ER EUROPE LIMITED)

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Investments

250,762

Current assets

Debtors

232,096

192,681

Cash at bank and in hand

170,500

227,403

402,596

420,084

Creditors: amounts falling due within one year

(286,731)

(75,854)

Net current assets

115,865

344,230

Total assets less current liabilities

366,627

344,230

Capital and reserves

Called up share capital

Profit and loss account

366,626

344,229

Shareholders' funds

366,627

344,230

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.

Director's 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 director acknowledges his 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 30 September 2016

P Brugioni

Director

Company Registration No. 05659055

STORE BUILDER EUROPE LIMITED

(FORMERLY ER 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

Investments

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

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

Investments

Cost

At 1 January 2015

Additions

250,762

At 31 December 2015

250,762

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

CommerceIT Limited

England & Wales

Ordinary

42.00

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

CommerceIT Limited

Online retailer of leather goods

9,496

9,396

STORE BUILDER EUROPE LIMITED

(FORMERLY ER EUROPE 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

1 Ordinary share of £1 each