EDP Europe Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02513371 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

EDP EUROPE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Howard

P Skilton

D Stackhouse

REGISTERED OFFICE:

Unit 4

Europa Park

Croft Way

Witham

Essex

CM8 2FN

REGISTERED NUMBER:

02513371 (England and Wales)

AUDITORS:

CBHC Limited

Carlton House

101 New London Road

Chelmsford

Essex

CM2 0PP

FIXED ASSETS

Tangible assets

4

26,496

7,719

CURRENT ASSETS

Stocks

495,210

468,612

Debtors

5

527,276

718,861

Cash at bank and in hand

748,666

358,302

1,771,152

1,545,775

CREDITORS

Amounts falling due within one year

6

(1,090,814

)

(874,192

)

NET CURRENT ASSETS

680,338

671,583

TOTAL ASSETS LESS CURRENT LIABILITIES

706,834

679,302

PROVISIONS FOR LIABILITIES

(3,854

)

(219

)

NET ASSETS

702,980

679,083

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

9

701,980

678,083

SHAREHOLDERS' FUNDS

702,980

679,083

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 Board of Directors on 5th May 2017 and were signed on its behalf by:

P Howard - Director

1.	STATUTORY INFORMATION

EDP Europe 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.

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at

the rate of exchange ruling at the date of transaction. Exchange differences are taken into account

in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2016

153,202

Additions

30,012

At 31st December 2016

183,214

DEPRECIATION

At 1st January 2016

145,483

Charge for year

11,235

At 31st December 2016

156,718

NET BOOK VALUE

At 31st December 2016

26,496

At 31st December 2015

7,719

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

504,341

696,200

Other debtors

22,935

22,661

527,276

718,861

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

398,425

405,676

Taxation and social security

135,134

92,510

Other creditors

557,255

376,006

1,090,814

874,192

7.	LEASING AGREEMENTS

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership

remain with the lessor are charged to the profit and loss account on a straight line basis over the

period of the lease.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

10,000

Ordinary

0.01

1,000

1,000

1

Ordinary B

0.01

-

-

1,000

1,000

9.

RESERVES

Retained

earnings

£

At 1st January 2016

678,083

Profit for the year

506,542

Dividends

(482,645

)

At 31st December 2016

701,980

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr I Harris FCA (Senior Statutory Auditor)

for and on behalf of CBHC Limited

11.	RELATED PARTY DISCLOSURES

A dividend of £37,228 was paid to K Stackhouse, the spouse of D Stackhouse, a Director of the

Company.

A dividend of £445,417 was paid to Peter H Howard Revocable Trust, a trust in which Peter Howard

is a beneficiary.

During the year the Company made the following transaction with Companies under the control of

P Howard, a Director of the Company.

Purchases of £27,412 from Engineered Data Products Inc.

Purchases of £24,591 from Howard Industries Inc for travel and subsistence.

Sales of £3,637 to E-Systems Group LLC.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Peter Howard.