Eurotool Limited - Accounts to registrar - small 17.1

Eurotool Limited - Accounts to registrar - small 17.1

EUROTOOL LTD - Company Information

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REGISTERED NUMBER: 07109253 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Eurotool Limited

Eurotool Limited (Registered number: 07109253)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Eurotool Limited

Company Information
for the Year Ended 31 December 2016







DIRECTOR: C P Whitta





REGISTERED OFFICE: 10 Anchor Close
Waterside Mews
Crews Hole
Bristol
BS5 8DF





REGISTERED NUMBER: 07109253 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
Page 1
Eurotool Limited (Registered number: 07109253)

Balance Sheet
31 December 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,708 3,915

CURRENT ASSETS
Stocks 15,464 2,750
Debtors 5 55,965 36,624
Cash at bank 32,018 13,903
103,447 53,277
CREDITORS
Amounts falling due within one year 6 65,667 39,863
NET CURRENT ASSETS 37,780 13,414
TOTAL ASSETS LESS CURRENT
LIABILITIES
41,488
17,329

PROVISIONS FOR LIABILITIES 742 783
NET ASSETS 40,746 16,546

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 40,744 16,544
SHAREHOLDERS' FUNDS 40,746 16,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 April 2017 and were signed by:



C P Whitta - Director


The notes form part of these financial statements

Page 2
Eurotool Limited (Registered number: 07109253)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Eurotool Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2016 4,000 266 4,266
Additions - 781 781
At 31 December 2016 4,000 1,047 5,047
DEPRECIATION
At 1 January 2016 345 6 351
Charge for year 914 74 988
At 31 December 2016 1,259 80 1,339
NET BOOK VALUE
At 31 December 2016 2,741 967 3,708
At 31 December 2015 3,655 260 3,915

Page 3 continued...
Eurotool Limited (Registered number: 07109253)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade debtors 54,860 36,624
Prepayments 1,105 -
55,965 36,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Trade creditors 32,036 19,991
Tax 10,285 6,220
Social security and other taxes - 42
VAT 11,542 6,471
Other creditors 9,500 -
Directors' loan accounts 54 4,239
Accrued expenses 2,250 2,900
65,667 39,863

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.16 31.12.15
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £14,500 were paid to the director .

Page 4