Accounts filed on 31-05-2016

trueEuremica Limited009075232016-05-31885786543220885886543320100100885886543320115881721201964718974747570035954712829881562862060057517574889936657414562463600125178241620230302003474015302003474015Basis of accounting The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Turnover The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Hire purchase agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account at a constant rate of charge on the balance of capital repayments outstanding. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Land & BuildingsReducing Balance0.0200Plant & MachineryReducing Balance0.1500Fixtures & FittingsReducing Balance0.2500Motor VehiclesReducing Balance0.2500ContainersReducing Balance0.1000440659113487887587-78180613865666086312799-535006440659113487887587-781806138656660863-5350061279901946840144659Ordinary1001100100Ordinary11001001002016-08-30Mrs TR BatyM BatyDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureEuremica Limited2015-06-012016-05-31Euremica Limited2014-06-012015-05-31Euremica Limited2014-05-31Euremica Limited2015-05-31Euremica Limited2015-05-31Euremica Limited2016-05-31 2016-10-11