Abbreviated Company Accounts - EUROTECHNOLOGY INCON LIMITED

EUROTECHNOLOGY INCON LIMITED - Company Information

SC151310 EUROTECHNOLOGY INCON LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true SC151310 2013-01-01 2013-12-31 SC151310 2013-12-31 SC151310 2012-12-31 SC151310 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 SC151310 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass2 2012-12-31 iso4217:GBP shares

Registered Number SC151310

EUROTECHNOLOGY INCON LIMITED

Abbreviated Accounts

31 December 2013

EUROTECHNOLOGY INCON LIMITED Registered Number SC151310

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	6,440	13,071
		6,440	13,071
Current assets
Stocks		87,953	35,426
Debtors		59,159	110,028
Cash at bank and in hand		659	5,482
		147,771	150,936
Creditors: amounts falling due within one year		(29,402)	(15,163)
Net current assets (liabilities)		118,369	135,773
Total assets less current liabilities		124,809	148,844
Total net assets (liabilities)		124,809	148,844
Capital and reserves
Called up share capital	3	100,000	100,000
Share premium account		10,000	10,000
Profit and loss account		14,809	38,844
Shareholders' funds		124,809	148,844

For the year ending 31 December 2013 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2014

And signed on their behalf by:
E Robb, Director

EUROTECHNOLOGY INCON LIMITED Registered Number SC151310

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term whichever is the shorter. The rate applicable is:

Tangible fixed assets 25% on cost

Valuation information and policy
Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Assets and liabilities in foreign currencies are translated at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken to the profit and loss account

2Tangible fixed assets

	£
Cost
At 1 January 2013	149,345
Additions	2,111
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	151,456
Depreciation
At 1 January 2013	136,274
Charge for the year	8,742
On disposals	-
At 31 December 2013	145,016
Net book values
At 31 December 2013	6,440
At 31 December 2012	13,071

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
50,000 A Ordinary shares of £1 each	50,000	50,000
50,000 B Ordinary shares of £1 each	50,000	50,000

The company is controlled by Eurotechnology Limited. The ultimate controlling party is Mr D Robb.