Accounts Submission

PLACEMATS.COM (EUROPE) LIMITED - Company Information

Company Accounts and Tax Online 06789728 Board of Directors 1.1.17 31.12.17 31.12.17 false iso4217:GBP xbrli:pure 06789728 2016-01-01 2016-12-31 06789728 2017-12-31 06789728 2017-01-01 2017-12-31 06789728 2016-12-31 06789728 countries:EnglandWales 2017-01-01 2017-12-31 06789728 curr:PoundSterling 2017-01-01 2017-12-31 06789728 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 06789728 uk-bus:FRS102 2017-01-01 2017-12-31 06789728 uk-bus:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 06789728 uk-bus:FullAccounts 2017-01-01 2017-12-31 06789728 uk-bus:RegisteredOffice 2017-01-01 2017-12-31 06789728 uk-bus:Director1 2017-01-01 2017-12-31 06789728 uk-bus:Director1 2017-01-01 06789728 uk-bus:Director1 2017-12-31 06789728 core:AfterOneYear 2017-12-31 06789728 core:AfterOneYear 2016-12-31 06789728 core:WithinOneYear 2017-12-31 06789728 core:WithinOneYear 2016-12-31 06789728 core:WithinOneYear 2017-01-01 2017-12-31 06789728 core:AfterOneYear 2017-12-31 06789728 core:AfterOneYear 2016-12-31 06789728 core:AfterOneYear 2017-01-01 2017-12-31 06789728 core:ShareCapital 2017-12-31 06789728 core:ShareCapital 2016-12-31 06789728 core:RevaluationReserve 2017-12-31 06789728 core:RevaluationReserve 2016-12-31 06789728 core:RetainedEarningsAccumulatedLosses 2017-12-31 06789728 core:RetainedEarningsAccumulatedLosses 2016-12-31 06789728 core:Associate1 2017-01-01 2017-12-31 06789728 core:Associate1 2016-12-31 06789728 core:Associate1 2017-12-31 06789728 core:Associate1 2017-01-01 2017-12-31 06789728 core:Associate2 2017-01-01 2017-12-31 06789728 core:Associate2 2016-12-31 06789728 core:Associate2 2017-12-31 06789728 core:Associate2 2017-01-01 2017-12-31 06789728 1 2017-01-01 2017-12-31 06789728 core:LandBuildings 2017-01-01 2017-12-31 06789728 core:LandBuildings 2017-12-31 06789728 core:LandBuildings 2016-01-01 2016-12-31 06789728 core:LandBuildings 2016-12-31 06789728 core:PlantMachinery 2017-01-01 2017-12-31 06789728 core:PlantMachinery 2017-12-31 06789728 core:PlantMachinery 2016-01-01 2016-12-31 06789728 core:PlantMachinery 2016-12-31 06789728 core:FurnitureFittingsToolsEquipment 2017-01-01 2017-12-31 06789728 core:FurnitureFittingsToolsEquipment 2017-12-31 06789728 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 06789728 core:FurnitureFittingsToolsEquipment 2016-12-31 06789728 core:OfficeEquipment 2017-01-01 2017-12-31 06789728 core:OfficeEquipment 2017-12-31 06789728 core:OfficeEquipment 2016-01-01 2016-12-31 06789728 core:OfficeEquipment 2016-12-31 06789728 core:Vehicles 2017-01-01 2017-12-31 06789728 core:Vehicles 2017-12-31 06789728 core:Vehicles 2016-01-01 2016-12-31 06789728 core:Vehicles 2016-12-31 06789728 core:NetGoodwill 2017-01-01 2017-12-31 06789728 core:NetGoodwill 2017-12-31 06789728 core:NetGoodwill 2016-01-01 2016-12-31 06789728 core:NetGoodwill 2016-12-31 06789728 core:IntangibleAssetsOtherThanGoodwill 2017-01-01 2017-12-31 06789728 core:IntangibleAssetsOtherThanGoodwill 2017-12-31 06789728 core:IntangibleAssetsOtherThanGoodwill 2016-01-01 2016-12-31 06789728 core:IntangibleAssetsOtherThanGoodwill 2016-12-31

Company Registration Number:
06789728 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2017

Period of accounts

Start date: 01 January 2017

End date: 31 December 2017

Contents of the Financial Statements

for the Period Ended 31 December 2017


Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 8

Directors' Report Period Ended 31 December 2017

The directors present their report with the financial statements of the company for the period ended 31 December 2017

Principal Activities

sale of placemats and associated products

Directors

The directors shown below have held office during the whole of the period from 01 January 2017 to 31 December 2017
Anthony Holland

This report was approved by the board of directors on 28 September 2018
And Signed On Behalf Of The Board By:

Name: Anthony Holland
Status: Director

Balance sheet

As at 31 December 2017

	Notes	2017 £	2016 £
Fixed assets
Intangible assets:	2	2,352
Tangible assets:	3	756	364
Total fixed assets:		3,108	364
Current assets
Stocks:		96,910	124,610
Debtors:	4	33,288	23,288
Cash at bank and in hand:		197,692	157,449
Total current assets:		327,890	305,347
Creditors: amounts falling due within one year:	5	( 244,419 )	( 220,973 )
Net current assets (liabilities):		83,471	84,374
Total assets less current liabilities:		86,579	84,738
Total net assets (liabilities):		86,579	84,738

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2017

	2017 £	2016 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	86,578	84,737
Shareholders funds:	86,579	84,738

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 September 2018
And Signed On Behalf Of The Board By:

Name: Anthony Holland
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents revenue recognized in the accounts. Revenue is recognized when the company fulfills its contractual obligations to
customers by the supply of goods, and excludes value added tax.

Tangible fixed assets depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Office equipment - 50% on cost

Intangible fixed assets amortisation policy

Amortization is provided on a straight line basis in order to write off asset over its estimated useful life of 10 years

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Intangible assets

	Other	Total
Cost	£	£
At 01 January 2017	-	-
Additions	2,613	2,613
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 December 2017	2,613	2,613
Amortisation
Amortisation at 01 January 2017	-	-
Charge for year	261	261
On disposals	-	-
Other adjustments	-	-
Amortisation at 31 December 2017	261	261
Net book value
Net book value at 31 December 2017	2,352	2,352
Net book value at 31 December 2016	-	-

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible assets

	Office equipment	Total
Cost	£	£
At 01 January 2017	2,120	2,120
Additions	1,149	1,149
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 December 2017	3,269	3,269
Depreciation
At 01 January 2017	1,756	1,756
Charge for year	757	757
On disposals	-	-
Other adjustments	-	-
At 31 December 2017	2,513	2,513
Net book value
At 31 December 2017	756	756
At 31 December 2016	364	364

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Debtors

	2017 £	2016 £
Other debtors	33,288	23,288
Total	33,288	23,288

Notes to the Financial Statements

for the Period Ended 31 December 2017

5.Creditors: amounts falling due within one year note

	2017 £	2016 £
Bank loans and overdrafts	1,190
Trade creditors	18,927	20,602
Taxation and social security	18,962	28,761
Accruals and deferred income	450	425
Other creditors	204,890	171,185
Total	244,419	220,973

Notes to the Financial Statements

for the Period Ended 31 December 2017

6.1.Related party disclosures

Name of related party:	Linen.com Europe Ltd
Description of relationship:
Mr Anthony Holland is the director of Linen.com (Europe) Ltd & Placemats.com (Europe) Ltd.
Description of the transaction:
£26,000 loan has been taken by Linen.com (Europe) Ltd from Placemats.com (Europe) Ltd.
Balance at 01 January 2017	16,000
Balance at 31 December 2017	26,000

Name of related party:	Plymouth Pottery Ltd
Description of relationship:
Mr Anthony Holland is the director of Placemats.com (Europe) Ltd & Plymouth Pottery Ltd.
Description of the transaction:
£7288 loan has been taken from Placemats.com (Europe) Ltd by Plymouth Pottery Ltd.
Balance at 01 January 2017	7,288
Balance at 31 December 2017	7,288

Director:		Anthony Holland


Registered office:		71-75 Shelton Street Covent Garden London GBR WC2H 9JQ


Company Registration Number:		06789728 (England and Wales)

Accounts Submission