Marshall Excelsior Europe Limited - Accounts to registrar - small 17.2
Marshall Excelsior Europe Limited - Accounts to registrar - small 17.2
Marshall Excelsior Europe Limited |
Financial Statements for the Year Ended 31 December 2016 |
Marshall Excelsior Europe Limited |
Company Information |
for the Year Ended 31 December 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Radnor House |
Greenwood Close |
Cardiff Gate Business Park |
Cardiff |
CF23 8AA |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Marshall Excelsior Europe Limited |
The following reproduces the text of the report prepared for the directors and members in |
respect of the company's annual unaudited financial statements. In accordance with the |
Companies Act 2006, the company is only required to file a Balance Sheet. Readers are |
cautioned that the Income Statement and certain other primary statements and the Report |
of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for |
your approval the financial statements of Marshall Excelsior Europe Limited for the year ended |
31 December 2016 which comprise the Profit & Loss Account, Balance Sheet and the related |
notes from the company's accounting records and from information and explanations you have |
given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Marshall Excelsior Europe Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marshall Excelsior Europe Limited and state those matters that we have agreed to state to the Board of Directors of Marshall Excelsior Europe Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marshall Excelsior Europe Limited Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Marshall Excelsior Europe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Marshall Excelsior Europe Limited. You consider that Marshall Excelsior Europe Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Marshall Excelsior Europe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Marshall Excelsior Europe Limited (Registered number: 08742573) |
Balance Sheet |
31 December 2016 |
2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 2 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their 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. |
Marshall Excelsior Europe Limited (Registered number: 08742573) |
Balance Sheet - continued |
31 December 2016 |
In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors on signed on its behalf by: |
Marshall Excelsior Europe Limited (Registered number: 08742573) |
Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received for the supply of gas |
equipment, excluding discounts, rebates, value added tax and other sales taxes. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
2. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
Other debtors & prepayments |
3. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors & accruals |
4. | IMMEDIATE AND ULTIMATE PARENT UNDERTAKING |
The company's immediate parent undertaking at the balance sheet date was KC Prosupply |
Limited. |
The company's ultimate parent undertaking at the balance sheet date was Al-Ayuni |
Investment & Contracting Company, a company registered in Saudi Arabia. |
Marshall Excelsior Europe Limited (Registered number: 08742573) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
5. | FIRST YEAR ADOPTION - FRS 102 |
This is the first year that the company has presented its results under FRS 102. The last |
financial statements under previous UK GAAP were for the year ended 31 December 2015. |
and the date of transition to FRS 102 was 1 April 2015. |
The changes in accounting policies, between UK GAAP and FRS 102, have had no effect on |
the total equity between 1 April 2015 and 31 December 2016. |