Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
EUROTAPES LTD
Company Registration Number:
03468762
(England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01 April 2015
End date: 31 March 2016
EUROTAPES LTD
Abbreviated Balance sheet
As at
Notes |
2016 £ |
2015 £ |
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|---|---|---|---|
| Fixed assets | |||
| Tangible assets: | 2 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 3 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 4 |
(
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(
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
EUROTAPES LTD
Balance sheet continued
As at 31 March 2016
Notes |
2016 £ |
2015 £ |
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|---|---|---|---|
| Capital and reserves | |||
| Called up share capital: | 5 |
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| Profit and loss account: |
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| Shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
The notes form part of these financial statements
EUROTAPES LTD
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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1. Accounting policies
Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, and in accordance with applicable accounting standards. Turnover policy
Turnover represents the invoiced amount of goods sold and services provided during the year stated net of Value Added Tax, and arising solely in the United Kingdom. Tangible fixed assets depreciation policy
Depreciation is provided to write off the cost less estimated residual values of all fixed assets over their expected useful lives, at the following annual rates:
Motor Cycle 25% on net book value
Motor Van 25% on net book value
Equipment 25% on net book valueOther accounting policies
Deferred taxation
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax assets are recognised to the extent that it is regarded as more
likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
EUROTAPES LTD
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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2. Tangible assets
Total Cost £ 01 April 2015: 8,912 Additions: 16,250 Disposals: 0 Revaluations: 0 Transfers: 0 31 March 2016: 25,162 Depreciation 01 April 2015: 8,151 Charge for year: 4,253 On disposals: 0 Other adjustments: 0 31 March 2016: 12,404 Net book value 31 March 2016: 12,758 31 March 2015: 761
EUROTAPES LTD
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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3. Debtors
2016
£
2015
£Trade debtors: 22,050 18,332 Other debtors: 45,846 49,846 Total: 67,896 68,178
EUROTAPES LTD
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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4. Creditors: amounts falling due within one year
2016
£
2015
£Taxation and social security: 17,900 18,644 Accruals and deferred income: 910 910 Other creditors: 713 45 Total: 19,523 19,599