Euroboozer Ltd,Ltd - Accounts

EUROBOOZER LIMITED - Company Information

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Euroboozer Ltd

For the year ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 04219753

Contents Page

Euroboozer Ltd

For the year ended 31 March 2016

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

Euroboozer Ltd

As at 31 March 2016

04219753

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

11,991

8,734

11,991

8,734

Current assets

Stocks

167,877

206,009

Debtors

435,306

525,930

Cash at bank and in hand

27,723

759,662

603,183

Creditors: amounts falling due within one year

(533,211)

(687,146)

69,972

72,516

Net current assets

Total assets less current liabilities

84,507

78,706

Creditors: amounts falling due after more than one year

(7,736)

(6,757)

(446)

Provisions for liabilities

77,304

Net assets

70,970

Capital and reserves

Called up share capital

Profit and loss account

77,302

70,968

77,304

70,970

Shareholders funds

For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 31 January 2017

Martyn Railton Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Euroboozer Ltd

For the year ended 31 March 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20 Reducing balance

Motor Vehicles

33 Reducing balance

Fixtures and Fittings

25 Reducing balance

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more

probable than not will result in an outflow of economic benefits that can be reasonably estimated.

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Notes to the Abbreviated Financial Statements

Euroboozer Ltd

For the year ended 31 March 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

34,796

At 01 April 2015

6,788

Additions

At 31 March 2016

41,584

Depreciation

26,062

At 01 April 2015

3,531

Charge for year

29,593

At 31 March 2016

Net book values

At 31 March 2016

11,991

8,734

At 31 March 2015

2015

2016

3 Creditors due after more than one year

979

Bank loans and overdraft

4 Share capital

Authorised

100 Class A shares of £1.00 each

Allotted called up and fully paid

2016

2015

2 Class A shares of £1.00 each

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