Entelos Limited - Limited company accounts 16.3

REGISTERED NUMBER: 05291661 (England and Wales)

Report of the Director and

Financial Statements for the Year Ended 30 November 2016

for

Entelos Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Diego Jacinto Batista Valdes

SECRETARY:

Gelion S.A.

REGISTERED OFFICE:

5 Jupiter House

Calleva Park

Reading

RG7 8NN

REGISTERED NUMBER:

05291661 (England and Wales)

The director presents his report with the financial statements of the company for the year ended 30 November 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of investment activities and trading in electrical

equipment.

DIRECTOR

Diego Jacinto Batista Valdes held office during the whole of the period from 1 December 2015 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with

applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director

has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting

Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve

the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and

of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the

company's transactions and disclose with reasonable accuracy at any time the financial position of the company and

enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for

safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud

and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Diego Jacinto Batista Valdes - Director

29 August 2017

TURNOVER

-

Administrative expenses

3,717

473

(3,717

)

(473

)

Other operating income

783

-

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

2

(2,934

)

(473

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(2,934

)

(473

)

CURRENT ASSETS

Debtors

4

34,457

Cash at bank

655

3,589

TOTAL ASSETS LESS CURRENT
LIABILITIES

35,112

38,046

CREDITORS

Amounts falling due after more than one
year

5

41,799

NET LIABILITIES

(6,687

)

(3,753

)

CAPITAL AND RESERVES

Called up share capital

6

100

Profit and loss account

7

(6,787

)

(3,853

)

SHAREHOLDERS' FUNDS

(6,687

)

(3,753

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 29 August 2017 and were signed by:

Diego Jacinto Batista Valdes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

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.

2.	OPERATING LOSS

The operating loss is stated after charging/(crediting):

30.11.16

30.11.15

£

Foreign exchange differences

(783

)

180

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 30 November 2016 nor for the

year ended 30 November 2015.

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

£34,457 represents an interest- free loan granted to Lyne Industries Limited, a company registered in British

Virgin Islands, payable within 2 years.

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.16

30.11.15

£

Other creditors

41,799

£38,104 represents a interest free loan due to Lyne Industries Limited, a company registered in British Virgin

Islands, payable by 31/12/2018.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

100

Ordinary

£1

100

7.

RESERVES

Profit

and loss

account

£

At 1 December 2015

(3,853

)

Deficit for the year

(2,934

)

At 30 November 2016

(6,787

)