EVENT LINEN LIMITED - Accounts 2014

EVENT LINEN LIMITED - Accounts 2014

XN LIMITED - Company Information

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2013-04-012014-03-3105852663falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2013-03-31http://www.companieshouse.gov.uk/pt:InvestmentProperties2013-04-012014-03-31http://www.companieshouse.gov.uk/cd:Director12013-04-012014-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2014-03-31http://www.companieshouse.gov.uk/pt:FixturesFittings2013-03-31http://www.companieshouse.gov.uk/pt:FixturesFittings2014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-04-012014-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2013-04-012014-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2013-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2014-03-31http://www.companieshouse.gov.uk/pt:FixturesFittings2013-04-012014-03-31http://www.companieshouse.gov.uk/pt:PositiveGoodwill2013-04-012014-03-31http://www.companieshouse.gov.uk/2012-04-012013-03-31http://www.companieshouse.gov.uk/2013-04-012014-03-31http://www.companieshouse.gov.uk/2013-03-31http://www.companieshouse.gov.uk/pt:InvestmentProperties2013-03-31http://www.companieshouse.gov.uk/2014-03-31http://www.companieshouse.gov.uk/pt:InvestmentProperties2014-03-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-04-012014-03-31http://www.companieshouse.gov.uk/2013-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05852663
Event Linen Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2014
Prepared By:
Accounts2do Ltd
Taxation and Accounts Practice
2 Padstow Close
Macclesfield
Cheshire
SK10 3NG

Event Linen Ltd
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/03/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts4
The company's registered number is 05852663

Event Linen Ltd
Registered Number: 05852663
BALANCE SHEET AT 31/03/2014
20142013
Notes££
FIXED ASSETS
Intangible assets236,00078,000
Tangible assets330,92741,086
66,927119,086
CURRENT ASSETS
Cash at bank and in hand2,56710,070
2,56710,070
CREDITORS: Amounts falling due within one year3,10410,098
NET CURRENT LIABILITIES(537)(28)
TOTAL ASSETS LESS CURRENT LIABILITIES66,390119,058
CREDITORS: Amounts falling due after more than one year488,375141,979
NET LIABILITIES(21,985)(22,921)
CAPITAL AND RESERVES
Called up share capital5100100
Profit and loss account(22,085)(23,021)
SHAREHOLDERS' FUNDS(21,985)(22,921)

Event Linen Ltd
Registered Number: 05852663
For the year ending 31/03/2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 18/08/2014 and signed on their behalf by
Rupert Peter Wolgram
Director

Event Linen Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Investment Properties %
Plant and Machinery %
Fixtures and Fittings %
1d. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
1g. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

Event Linen Ltd
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2013120,000120,000
At 31/03/2014120,000120,000
Depreciation
At 01/04/201342,00042,000
For the year42,00042,000
At 31/03/201484,00084,000
Net Book Amounts
At 31/03/201436,00036,000
At 31/03/201378,00078,000
3. TANGIBLE FIXED ASSETS
InvestmentPlant andFixtures
PropertiesMachineryand FittingsTotal
££££
Cost
At 01/04/2013174,77624,44211,441210,659
At 31/03/2014174,77624,44211,441210,659
Depreciation
At 01/04/2013143,20318,0648,306169,573
For the year8,2561,27662710,159
At 31/03/2014151,45919,3408,933179,732
Net Book Amounts
At 31/03/201423,3175,1022,50830,927
At 31/03/201331,5736,3783,13541,086
These are not investment properties only materials for hire

Event Linen Ltd
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20142013
££
Bank loans and overdrafts88,375141,979
88,375141,979
5. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
6. TRANSACTIONS WITH DIRECTORS
At the year end the company owed R Wolgram £88375 (2013 £141976)
He is not seeking repayment of this loan hence the company is not insolvent
7. CONTROLLING PARTY
R Wolgram controls the company