TORERO,_ABECASSIS_EMPIS_A - Accounts


Company Registration No. SC412852 (Scotland)
TORERO, ABECASSIS EMPIS AND COWLARD LTD (FORMERLY FLARE EUROPE LIMITED)
T/A TAEC
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
TORERO, ABECASSIS EMPIS AND COWLARD LTD (FORMERLY FLARE EUROPE LIMITED)
T/A TAEC
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
TORERO, ABECASSIS EMPIS AND COWLARD LTD (FORMERLY FLARE EUROPE LIMITED)
T/A TAEC
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Investments
8,486
-
Cash at bank and in hand
80,381
50,032
88,867
50,032
Creditors: amounts falling due within one year
(16,805)
(13,046)
Total assets less current liabilities
72,062
36,986
Capital and reserves
Called up share capital
2
3
3
Profit and loss account
72,059
36,983
Shareholders'  funds
72,062
36,986
For the financial year ended 31 March 2015 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 of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 and authorised for issue on 25 November 2015
Dr C A Empis
Director
Company Registration No. SC412852
TORERO, ABECASSIS EMPIS AND COWLARD LTD (FORMERLY FLARE EUROPE LIMITED)
T/A TAEC
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention.

The company made profits during the period and at the period end had a positive balance sheet. The directors consider that this will continue to be the case for the foreseeable future and on this basis the accounts have been prepared as a going concern.

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 receivable for goods and services net of VAT and trade discounts.
1.4
Investments
Current asset investments are stated at the lower of cost and net realisable value.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
1.6
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.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
3 Ordinary shares of £1 each
3
3

 

 

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