Euromobel (UK) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04881698 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014

FOR

EUROMOBEL (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B J Kelay

D Taylor

SECRETARY:

Mrs A J Kelay

REGISTERED OFFICE:

Unit 8 Junction 10 Business Park

Bentley Mill Way

Walsall

West Midlands

WS2 0LE

REGISTERED NUMBER:

04881698 (England and Wales)

ACCOUNTANTS:

Michael Bradford & Co LLP

Accountants

45 Station Road

Hednesford

Staffordshire

WS12 4DH

FIXED ASSETS

Tangible assets

2

173,566

188,946

CURRENT ASSETS

Stocks

8,348

14,329

Debtors

29,259

26,062

Cash at bank

9,201

19,805

46,808

60,196

CREDITORS

Amounts falling due within one year

122,610

140,412

NET CURRENT LIABILITIES

(75,802

)

(80,216

)

TOTAL ASSETS LESS CURRENT LIABILITIES

97,764

108,730

CREDITORS

Amounts falling due after more than one year

3

47,979

60,403

NET ASSETS

49,785

48,327

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

49,685

48,227

SHAREHOLDERS' FUNDS

49,785

48,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26th November 2014 and were signed on its behalf by:

B J Kelay - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

and 31st March 2014

246,811

DEPRECIATION

At 1st April 2013

57,865

Charge for year

15,380

At 31st March 2014

73,245

NET BOOK VALUE

At 31st March 2014

173,566

At 31st March 2013

188,946

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

47,979

60,403

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100