EURO FREIGHT SERVICES LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 03147659 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

EURO FREIGHT SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T Welley

SECRETARY:

Miss S S Welley

REGISTERED OFFICE:

11-11A Juliette Way

Purfleet Industrial Estate

Purfleet

Essex

RM15 4YA

REGISTERED NUMBER:

03147659 (England and Wales)

ACCOUNTANTS:

Tish Press & Company

Cambridge House

27 Cambridge Park

Wanstead

London

E11 2PU

FIXED ASSETS

Tangible assets

2

294,276

366,083

CURRENT ASSETS

Debtors

481,334

617,730

Cash at bank and in hand

226,830

134,461

708,164

752,191

CREDITORS

Amounts falling due within one year

83,184

56,844

NET CURRENT ASSETS

624,980

695,347

TOTAL ASSETS LESS CURRENT LIABILITIES

919,256

1,061,430

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

919,254

1,061,428

SHAREHOLDERS' FUNDS

919,256

1,061,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 October 2016 and were signed by:

T Welley - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

1,263,976

Additions

25,823

At 31 January 2016

1,289,799

DEPRECIATION

At 1 February 2015

897,893

Charge for year

97,630

At 31 January 2016

995,523

NET BOOK VALUE

At 31 January 2016

294,276

At 31 January 2015

366,083

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1.00

2

2