Eurotool Limited - Accounts to registrar (filleted) - small 18.1

Eurotool Limited - Accounts to registrar (filleted) - small 18.1

EUROTOOL LTD - Company Information

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REGISTERED NUMBER: 07109253 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Eurotool Limited
Eurotool Limited (Registered number: 07109253)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eurotool Limited

Company Information
for the Year Ended 31 December 2017







DIRECTOR: C P Whitta





REGISTERED OFFICE: 10 Anchor Close
Waterside Mews
Crews Hole
Bristol
BS5 8DF





REGISTERED NUMBER: 07109253 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY
Page 1
Eurotool Limited (Registered number: 07109253)

Balance Sheet
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,906 3,708

CURRENT ASSETS
Stocks 27,106 15,464
Debtors 5 28,623 55,965
Cash at bank 60,025 32,018
115,754 103,447
CREDITORS
Amounts falling due within one year 6 69,323 65,667
NET CURRENT ASSETS 46,431 37,780
TOTAL ASSETS LESS CURRENT
LIABILITIES
50,337
41,488

PROVISIONS FOR LIABILITIES 705 742
NET ASSETS 49,632 40,746

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 49,630 40,744
SHAREHOLDERS' FUNDS 49,632 40,746

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 notes form part of these financial statements

Page 2 continued...
Eurotool Limited (Registered number: 07109253)

Balance Sheet - continued
31 December 2017


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 director on 12 April 2018 and were signed by:





C P Whitta - Director


The notes form part of these financial statements

Page 3
Eurotool Limited (Registered number: 07109253)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

Eurotool Limited is a private company, limited by shares , registered in England and Wales. 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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 NIL (2016 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2017 - 4,000 1,047 5,047
Additions 1,167 - 141 1,308
At 31 December 2017 1,167 4,000 1,188 6,355
DEPRECIATION
At 1 January 2017 - 1,259 80 1,339
Charge for year 149 685 276 1,110
At 31 December 2017 149 1,944 356 2,449
NET BOOK VALUE
At 31 December 2017 1,018 2,056 832 3,906
At 31 December 2016 - 2,741 967 3,708

Page 4 continued...
Eurotool Limited (Registered number: 07109253)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade debtors 23,803 54,860
Other debtors 500 -
Prepayments 4,320 1,105
28,623 55,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade creditors 20,376 32,036
Tax 13,642 10,285
VAT 9,282 11,542
Other creditors - 9,500
Directors' loan accounts 24,018 54
Accrued expenses 2,005 2,250
69,323 65,667

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.17 31.12.16
value: £    £   
2 Ordinary £1 2 2

Page 5