Europitron Limited,Ltd - AccountsLtd - Accounts

Europitron Limited,Ltd - AccountsLtd - Accounts

EUROPITRON LIMITED - Company Information

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2016-12-01 02985271 2017-11-30 02985271 2016-12-01 2017-11-30 02985271 2016-11-30 02985271 2015-12-01 2016-11-30 02985271 uk-core:WithinOneYear 2016-11-30 02985271 uk-core:WithinOneYear 2017-11-30 02985271 uk-core:AfterOneYear 2016-11-30 02985271 uk-core:AfterOneYear 2017-11-30 02985271 uk-core:ShareCapital 2017-11-30 02985271 uk-core:ShareCapital 2016-11-30 02985271 uk-core:RevaluationReserve 2017-11-30 02985271 uk-core:RevaluationReserve 2016-11-30 02985271 uk-core:RetainedEarningsAccumulatedLosses 2017-11-30 02985271 uk-core:RetainedEarningsAccumulatedLosses 2016-11-30 02985271 uk-bus:Director1 2016-12-01 2017-11-30 02985271 uk-core:AfterOneYear 2016-12-01 2017-11-30 iso4217:GBP 02985271 uk-bus:AuditExempt-NoAccountantsReport 2016-12-01 2017-11-30 02985271 uk-bus:FRS102 2016-12-01 2017-11-30 02985271 uk-bus:FullAccounts 2016-12-01 2017-11-30 02985271 uk-bus:PrivateLimitedCompanyLtd 2016-12-01 2017-11-30
Europitron Limited
Registered Number:02985271
For the year ended 30 November 2017
England and Wales
Report of the Director and Financial Statements
2
For the year ended 30 November 2017
Europitron Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 30 November 2017
Europitron Limited
Statement of Financial Position
Registered Number :
02985271
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
110,000
110,000
2
110,000
110,000
Current assets
Trade and other receivables
38,359
36,721
3
327
Cash and cash equivalents
50
36,771
38,686
Trade and other payables: amounts falling due within one
year
(4,284)
(3,988)
4
34,402
32,783
Net current assets
Total assets less current liabilities
142,783
144,402
Trade and other payables: amounts falling due after more
than one year
(47,530)
(43,008)
5
99,775
Net assets
96,872
Capital and reserves
Called up share capital
100
100
Revaluation reserve
64,505
64,505
6
Retained earnings
35,170
32,267
99,775
96,872
Shareholders' funds
For the year ended 30 November 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Toby George Halliwell Director
These financial statements were approved and authorised for issue by the Board on 21 August 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2017
Europitron Limited
Notes to the Financial Statements
Statutory Information
Europitron Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02985271.
Registered address:
Grosvenor lodge
Gordon Road
Clifton
Bristol
BS81AW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is not provided on land and property as it is maintained in excellent condition and has a value of at least the value at which it is shown in the balance sheet and, in the opinion of the director, probably significantly more.
2 of 4
5
For the year ended 30 November 2017
Europitron Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Leasehold
property
£
Cost or
valuation
At 01 December 2016
110,000
At 30 November 2017
110,000
At 30 November 2017
Net book value
110,000
At 30 November 2016
110,000
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as
follows:
Historical cost
£
45,495
At 01 December 2016
Net historical cost value:
At 30 November 2016
At 30 November 2017
45,495
45,495
Leasehold property was valued on an open market basis on 30 November 2006 by Mr T G Halliwell, the company's
director.
3. Trade and other receivables
2016
2017
£
£
Other debtors
36,721
38,359
Other debtors include a loan to the director which is repayable on demand. Interest is charged at the official rate of interest set from time to time by HM Revenue & Customs in respect of such loans.
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
472
473
Taxation and social security
696
991
Other creditors
2,820
2,820
3,988
4,284
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6
For the year ended 30 November 2017
Europitron Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
43,008
47,530
Other creditors include a mortgage loan in the total sum of £45,508 (2017 £50,030) which is secured by a first charge on the company's long leasehold property 29B Stackpool Road, Bristol. £2,500 (2016 £2,500) of the mortgage loan is included in other creditors falling due in less than one year.
6. Reserves
Total
£
Revaluation reserve at 01 December 2016
64,505
64,505
Revaluation reserve at 30 November 2017
7. Related party transactions
The company's ultimate controlling party is Mr T G Halliwell.
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