Europe in England Limited

Europe in England Limited

EUROPE IN ENGLAND LIMITED - Company Information

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Registered number: 03892047
Europe in England Limited
Abbreviated accounts
For The Year Ended 31 December 2014
Europe in England Limited
Company No. 03892047
Abbreviated Balance Sheet 31 December 2014
Abbreviated Balance Sheet
2014 2013
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 848 1,169
848 1,169
CURRENT ASSETS
Stocks 2,569 3,200
Debtors 95,399 16,361
Cash at bank and in hand 12,194 43,797
110,162 63,358
Creditors: Amounts Falling Due Within One Year (51,970) (35,124)
NET CURRENT ASSETS (LIABILITIES) 58,192 28,234
TOTAL ASSETS LESS CURRENT LIABILITIES 59,040 29,403
PROVISIONS FOR LIABILITIES
Deferred Taxation (170) (234)
NET ASSETS 58,870 29,169
CAPITAL AND RESERVES
Called up share capital 3 600 600
Profit and Loss account 58,270 28,569
SHAREHOLDERS' FUNDS 58,870 29,169
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Europe in England Limited
Company No. 03892047
Abbreviated Balance Sheet (continued) 31 December 2014
For the year ending 31 December 2014 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 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
Mrs Cinzia Beretta
29/09/2015
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Europe in England Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 December 2014
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
Tangible Assets
Total
Cost £
As at 1 January 2014 7,326
As at 31 December 2014 7,326
Depreciation
As at 1 January 2014 6,157
Provided during the period 321
As at 31 December 2014 6,478
Net Book Value
As at 31 December 2014 848
As at 1 January 2014 1,169
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Europe in England Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 December 2014
Share Capital
Value Number 2014 2013
Allotted, called up and fully paid: £ £ £
Ordinary shares 1.000 600 600 600
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