Europe Remove Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07034029 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

EUROPE REMOVE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V C Popovici

SECRETARY:

REGISTERED OFFICE:

Riverside House

1/5 Como Street

Romford

Essex

RM7 7DN

REGISTERED NUMBER:

07034029 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Tangible assets

4

40,331

59,876

CURRENT ASSETS

Debtors

5

42,003

67,077

Cash at bank

10,503

800

52,506

67,877

CREDITORS

Amounts falling due within one year

6

70,938

67,892

NET CURRENT LIABILITIES

(18,432

)

(15

)

TOTAL ASSETS LESS CURRENT LIABILITIES

21,899

59,861

CREDITORS

Amounts falling due after more than one year

7

(13,845

)

(35,105

)

PROVISIONS FOR LIABILITIES

(7,662

)

(9,301

)

NET ASSETS

392

15,455

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

9

390

15,453

SHAREHOLDERS' FUNDS

392

15,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 20 June 2018 and were signed by:

V C Popovici - Director

1.	STATUTORY INFORMATION

Europe Remove Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance and 10% on cost

Motor vehicles

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease

term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 October 2016

10,823

117,935

128,758

Disposals

-

(19,995

)

(19,995

)

At 30 September 2017

10,823

97,940

108,763

DEPRECIATION

At 1 October 2016

5,821

63,061

68,882

Charge for year

1,081

12,138

13,219

Eliminated on disposal

-

(13,669

)

(13,669

)

At 30 September 2017

6,902

61,530

68,432

NET BOOK VALUE

At 30 September 2017

3,921

36,410

40,331

At 30 September 2016

5,002

54,874

59,876

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 October 2016

114,085

Transfer to ownership

(33,995

)

At 30 September 2017

80,090

DEPRECIATION

At 1 October 2016

59,211

Charge for year

10,661

Transfer to ownership

(21,763

)

At 30 September 2017

48,109

NET BOOK VALUE

At 30 September 2017

31,981

At 30 September 2016

54,874

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

19,685

23,996

Directors' current accounts

17,412

38,175

Taxation

4,906

4,906

42,003

67,077

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

5,000

9,488

Hire purchase contracts

16,167

23,728

Trade creditors

27,215

25,911

Taxation

11,313

5,684

Social security and other taxes

2,027

1,049

VAT

6,151

467

Accrued expenses

3,065

1,565

70,938

67,892

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 1-2 years

3,750

5,000

Bank loans - 2-5 years

-

3,750

Hire purchase contracts

10,095

26,355

13,845

35,105

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

26,262

50,083

9.

RESERVES

Retained

earnings

£

At 1 October 2016

15,453

Profit for the year

16,937

Dividends

(32,000

)

At 30 September 2017

390

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 were paid to the directors .