| Euro Sales and Developments Ltd |
| Registered Number:03158952 |
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
Euro Sales and Developments Ltd
Statement of Financial Position
2016
2017
| Property, plant and equipment |
562,825
563,102
2
562,825
563,102
| Trade and other receivables |
900
-
3
2,269
| Cash and cash equivalents |
2,161
2,161
3,169
| Trade and other payables: amounts falling due within one |
| year |
(292,583)
(283,046)
4
(289,414)
(280,885)
Net current liabilities
| Total assets less current liabilities |
281,940
273,688
| Trade and other payables: amounts falling due after more |
| than one year |
(181,539)
(181,539)
5
100,401
Net assets
92,149
100
100
100,301
92,049
100,401
92,149
Shareholders' funds
| For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| 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. |
| Mr Stephen Paul Williams Director |
| These financial statements were approved and authorised for issue by the Board on 07 August 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2017
Euro Sales and Developments Ltd
Notes to the Financial Statements
Statutory Information
| Euro Sales and Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 03158952. |
| Principal place of business: |
3 The Covers
Seaford
East Sussex
BN25 1DF
48 The Causeway
Chippenham
Wiltshire
SN15 3DD
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| 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: |
| No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2017
Euro Sales and Developments Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
568,282
5,395
562,887
562,887
5,395
568,282
| Provision for depreciation and impairment |
5,180
5,180
-
Charge for year
277
277
-
5,457
5,457
-
562,887
(62)
562,825
562,887
215
563,102
| 3. Trade and other receivables |
2016
2017
-
650
-
250
900
-
| 4. Trade and other payables: amounts falling due within one year |
2016
2017
740
993
| Taxation and social security |
4,636
4,230
277,670
287,360
283,046
292,583
| 5. Trade and other payables: amounts falling due after more than one year |
2016
2017
| Bank loans and overdraft (secured) |
181,539
181,539
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