Efp - Me Uk Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09679860

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

EFP - ME UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S M Kriskinans

K Lewis

SECRETARY:

REGISTERED OFFICE:

Albrighton Business Park Newport Road

Albrighton

Wolverhampton

WV7 3ET

REGISTERED NUMBER:

09679860

ACCOUNTANTS:

Kingfisher Business Advisors Ltd

Chartered Accountants

2 High St

Chobham

Woking

Surrey

GU24 8AA

FIXED ASSETS

Tangible assets

4

17,097

5,204

CURRENT ASSETS

Stocks

18,728

8,625

Debtors

5

230,936

76,650

Prepayments and accrued income

100,106

48,484

Cash in hand

1,693

9,960

351,463

143,719

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

6

323,287

207,634

NET CURRENT ASSETS/(LIABILITIES)

28,176

(63,915

)

TOTAL ASSETS LESS CURRENT LIABILITIES

45,273

(58,711

)

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

7

(564,223

)

(348,500

)

PROVISIONS FOR LIABILITIES

(246

)

(989

)

NET LIABILITIES

(519,196

)

(408,200

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(519,197

)

(408,201

)

SHAREHOLDERS' FUNDS

(519,196

)

(408,200

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 28 November 2017 and were signed on its behalf by:

S M Kriskinans - Director

1.	STATUTORY INFORMATION

Efp - Me Uk Ltd is a private company, limited by shares , registered in Not specified/Other. 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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

6,938

Additions

21,470

Disposals

(4,950

)

At 31 July 2017

23,458

DEPRECIATION

At 1 August 2016

1,734

Charge for year

5,865

Eliminated on disposal

(1,238

)

At 31 July 2017

6,361

NET BOOK VALUE

At 31 July 2017

17,097

At 31 July 2016

5,204

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

182,865

15,658

Other debtors

48,071

60,992

230,936

76,650

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

126,701

56,288

Taxation and social security

13,494

81

Other creditors

183,092

151,265

323,287

207,634

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Other creditors

564,223

348,500

8.	RELATED PARTY DISCLOSURES