Anglo-European Resourcing Limited - Period Ending 2017-08-31

Registration number: 06384680

Anglo-European Resourcing Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2017

Anglo-European Resourcing Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Anglo-European Resourcing Limited

(Registration number: 06384680)
Balance Sheet as at 31 August 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	3,130	5,300
Investments	5	238	238
		3,368	5,538
Current assets
Debtors	6	521,691	243,711
Cash at bank and in hand		214	3,340
		521,905	247,051
Creditors: Amounts falling due within one year	7	(318,998)	(187,385)
Net current assets		202,907	59,666
Total assets less current liabilities		206,275	65,204
Provisions for liabilities		(627)	(1,061)
Net assets		205,648	64,143
Capital and reserves
Called up share capital		92	92
Profit and loss account		205,556	64,051
Total equity		205,648	64,143

For the financial year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Anglo-European Resourcing Limited

(Registration number: 06384680)
Balance Sheet as at 31 August 2017

Approved and authorised by the Board on 3 May 2018 and signed on its behalf by:
 

.........................................

Mr Christopher Hume

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Anglo-European Resourcing Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Bishopsgate
London
EC3N 3AR

These financial statements were authorised for issue by the Board on 3 May 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33.33% on cost
Furniture and fittings	33.33% on cost

3	Staff numbers

The average number of persons employed by the company during the year, was 10 (2016 - 7).

Page 3

Anglo-European Resourcing Limited

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

4	Tangible assets

	Furniture, fittings and equipment  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 September 2016	9,270	21,050	30,320
Additions	27	1,117	1,144
At 31 August 2017	9,297	22,167	31,464
Depreciation
At 1 September 2016	8,204	16,816	25,020
Charge for the year	668	2,646	3,314
At 31 August 2017	8,872	19,462	28,334
Carrying amount
At 31 August 2017	425	2,705	3,130
At 31 August 2016	1,066	4,234	5,300

5	Investments

	2017 £	2016 £
Investments in subsidiaries	238	238

Subsidiaries	£
Cost or valuation
At 1 September 2016	238
Provision
Carrying amount
At 31 August 2017	238
At 31 August 2016	238

6

Debtors

	2017 £	2016 £
Trade debtors	502,633	157,051
Other debtors	19,058	86,660
	521,691	243,711

Page 4

Anglo-European Resourcing Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2017 £	2016 £
Due within one year
Bank loans and overdrafts		49,983	47,390
Trade creditors		87,918	72,100
Taxation and social security		42,883	20,162
Accruals and deferred income		10,409	28,548
Other creditors		127,805	19,185
		318,998	187,385

Page 5