Abbreviated Company Accounts - FOLIA (EUROPE) LTD

Abbreviated Company Accounts - FOLIA (EUROPE) LTD

FOLIA (EUROPE) LTD - Company Information

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Registered Number 02562896

FOLIA (EUROPE) LTD

Abbreviated Accounts

29 June 2016

FOLIA (EUROPE) LTD Registered Number 02562896

Abbreviated Balance Sheet as at 29 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 183,653 201,355
183,653 201,355
Current assets
Stocks 79,950 48,500
Debtors 225,522 196,579
Cash at bank and in hand 1,339 5,626
306,811 250,705
Creditors: amounts falling due within one year (417,392) (370,141)
Net current assets (liabilities) (110,581) (119,436)
Total assets less current liabilities 73,072 81,919
Creditors: amounts falling due after more than one year (37,216) (56,210)
Provisions for liabilities (13,748) (13,748)
Total net assets (liabilities) 22,108 11,961
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 21,108 10,961
Shareholders' funds 22,108 11,961
  • For the year ending 29 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their 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.

Approved by the Board on 28 June 2017

And signed on their behalf by:
M J Wheeler, Director

FOLIA (EUROPE) LTD Registered Number 02562896

Notes to the Abbreviated Accounts for the period ended 29 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable net of value added tax, in respect of the sale of goods and services to customers

Tangible assets depreciation policy
Land and Building in accordance with the lease
Other assets at 20% reducing balance

2Tangible fixed assets
£
Cost
At 1 July 2015 424,113
Additions 15,705
Disposals -
Revaluations -
Transfers -
At 29 June 2016 439,818
Depreciation
At 1 July 2015 222,758
Charge for the year 33,407
On disposals -
At 29 June 2016 256,165
Net book values
At 29 June 2016 183,653
At 30 June 2015 201,355