DAN_EUROPE_SERVICES_LIMIT - Accounts

QUIET STORM MARINE LIMITED - Company Information

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Company Registration No. 05162343 (England and Wales)

DAN EUROPE SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

DAN EUROPE SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DAN EUROPE SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

304

Current assets

Debtors

126,507

110,311

Cash at bank and in hand

22,855

17,730

149,362

128,041

Creditors: amounts falling due within one year

(6,519)

(7,673)

Net current assets

142,843

120,368

Total assets less current liabilities

142,843

120,672

Provisions for liabilities

(61)

142,843

120,611

Capital and reserves

Called up share capital

Profit and loss account

142,842

120,610

Shareholders' funds

142,843

120,611

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on .........................

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

Mr C Young

Director

Company Registration No. 05162343

DAN EUROPE SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts received for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33.3% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 January 2014 & at 31 December 2014

914

Depreciation

At 1 January 2014

610

Charge for the year

304

At 31 December 2014

914

Net book value

At 31 December 2014

At 31 December 2013

304

Share capital

2014

2013

Allotted, called up and fully paid

1 Ordinary of £1 each

DAN EUROPE SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Control

The ultimate controlling party is the director, Mr C Young, by virtue of his shareholding.

Related party transactions

Included in creditors is an amount £895 (2013: £895) due to the director, Mr C Young. This loan is interest free and repayable on demand.

Included within other debtors is an amount on £110,000 (2013: £110,000) due from Daedalus Aviation (Services) Ltd of which Mr C Young is a director and a shareholder