Abbreviated Company Accounts - ENERGO CORPORATION LIMITED

Abbreviated Company Accounts - ENERGO CORPORATION LIMITED

ENERGO CORPORATION LIMITED - Company Information

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Registered Number 08377058

ENERGO CORPORATION LIMITED

Abbreviated Accounts

31 December 2015

ENERGO CORPORATION LIMITED Registered Number 08377058

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 397,111 296,384
Tangible assets 3 2,697,371 563,444
Investments 4 8,706,000 -
11,800,482 859,828
Current assets
Stocks 13,619,147 300,000
Debtors 902,871 -
Cash at bank and in hand 3,254,299 1,789,695
17,776,317 2,089,695
Prepayments and accrued income 101,921 312,667
Creditors: amounts falling due within one year (393,555) (432,116)
Net current assets (liabilities) 17,484,683 1,970,246
Total assets less current liabilities 29,285,165 2,830,074
Creditors: amounts falling due after more than one year (12,000,000) -
Total net assets (liabilities) 17,285,165 2,830,074
Capital and reserves
Called up share capital 16,925,000 3,650,000
Revaluation reserve 57,224 -
Profit and loss account 302,941 (819,926)
Shareholders' funds 17,285,165 2,830,074
  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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.

Approved by the Board on 9 September 2016

And signed on their behalf by:
MICHAIL KOLPIDIS, Director

ENERGO CORPORATION LIMITED Registered Number 08377058

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, with exception to intangible assets, which was calculated using the revaluation method.

2Intangible fixed assets
£
Cost
At 1 January 2015 313,392
Additions 123,746
Disposals -
Revaluations -
Transfers -
At 31 December 2015 437,138
Amortisation
At 1 January 2015 17,008
Charge for the year 23,019
On disposals -
At 31 December 2015 40,027
Net book values
At 31 December 2015 397,111
At 31 December 2014 296,384
3Tangible fixed assets
£
Cost
At 1 January 2015 568,728
Additions 2,576,848
Disposals -
Revaluations -
Transfers -
At 31 December 2015 3,145,576
Depreciation
At 1 January 2015 5,284
Charge for the year 442,921
On disposals -
At 31 December 2015 448,205
Net book values
At 31 December 2015 2,697,371
At 31 December 2014 563,444

4Fixed assets Investments
JUST GREEK LIMITED
CABOCHEN MARINE INC.
YARROW MARITIME COMPANY
THURLEY LIMITED