EURO_FIRE_PRODUCTS_LTD - Accounts

EURO FIRE PRODUCTS LIMITED - Company Information

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Company Registration No. 07586914 (England and Wales)

EURO FIRE PRODUCTS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

EURO FIRE PRODUCTS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EURO FIRE PRODUCTS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

1,201,060

Current assets

Cash at bank and in hand

5,595

Creditors: amounts falling due within one year

(604,321)

(1,378,466)

Net current liabilities

(604,321)

(1,372,871)

Total assets less current liabilities

(604,321)

(171,811)

Capital and reserves

Called up share capital

Profit and loss account

(604,323)

(171,813)

Shareholders' funds

(604,321)

(171,811)

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 March 2017

Mr M B Jones

Director

Company Registration No. 07586914

EURO FIRE PRODUCTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

Consolidation exemption policy

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

1.7

Going concern

The balance sheet shows liabilities in excess of assets of £604,321 as at 30 June 2016. This is the director's loan balance outstanding. The company ceased to trade during the year with all liabilities with the exception of the director's loan being settled.

Fixed assets

Investments

Cost

At 1 July 2015

1,201,060

Disposals

(1,201,060)

At 30 June 2016

At 30 June 2015

1,201,060

During the year, the company disposed of its 100% shareholding of Euroliters Plam Bulgaria AD, a company registered in Bulgaria.

EURO FIRE PRODUCTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Subsequent events

Post year end, the director and shareholders will apply to Companies House to dissolve the company.

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each