Europafoodxb Limited - Abbreviated accounts 16.3
Europafoodxb Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Period 1 October 2015 to 31 March 2016 |
| for |
| Europafoodxb Limited |
| Europafoodxb Limited (Registered number: 09153079) |
| Contents of the Abbreviated Accounts |
| for the period 1 October 2015 to 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Europafoodxb Limited |
| Company Information |
| for the period 1 October 2015 to 31 March 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| and Reporting Accountants |
| Europafoodxb Limited (Registered number: 09153079) |
| Abbreviated Balance Sheet |
| 31 March 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Europafoodxb Limited (Registered number: 09153079) |
| Abbreviated Balance Sheet - continued |
| 31 March 2016 |
| The financial statements were approved by the Board of Directors on by: |
| Europafoodxb Limited (Registered number: 09153079) |
| Notes to the Abbreviated Accounts |
| for the period 1 October 2015 to 31 March 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis which is dependent upon the company's |
| directors continuing to provide the necessary financial facilities to enable the company to continue in operation |
| for the foreseeable future. |
| 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. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| The charge for taxation takes into account taxation deferred as a result of timing differences between the |
| treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in |
| respect of all timing differences that have originated but not reversed at the balance sheet date. However, |
| 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. In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), |
| deferred tax is not recognised on revaluation gains. Deferred taxation is measured on a non-discounted basis at |
| the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates |
| and laws enacted or substantively enacted at the balance sheet date. |
| 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. |
| Europafoodxb Limited (Registered number: 09153079) |
| Notes to the Abbreviated Accounts - continued |
| for the period 1 October 2015 to 31 March 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2015 |
| and 31 March 2016 |
| AMORTISATION |
| At 1 October 2015 |
| Amortisation for period |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 30 September 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2015 |
| Additions |
| At 31 March 2016 |
| DEPRECIATION |
| At 1 October 2015 |
| Charge for period |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 30 September 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |