REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 May 2020 |
|
for |
|
Europreneur Consultants Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 May 2020 |
|
for |
|
Europreneur Consultants Limited |
Europreneur Consultants Limited (Registered number: 02607611) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 May 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Europreneur Consultants Limited |
|
Company Information |
for the Year Ended 31 May 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
The Old Butchery |
High Street |
Twyford, nr Winchester |
Hampshire |
SO21 INH |
Europreneur Consultants Limited (Registered number: 02607611) |
|
Balance Sheet |
31 May 2020 |
|
31.5.20 | 31.5.19 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Europreneur Consultants Limited (Registered number: 02607611) |
|
Balance Sheet - continued |
31 May 2020 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
Europreneur Consultants Limited (Registered number: 02607611) |
|
Notes to the Financial Statements |
for the Year Ended 31 May 2020 |
|
1. | STATUTORY INFORMATION |
|
Europreneur Consultants Limited is a
|
|
2. | STATEMENT OF COMPLIANCE |
|
|
|
3. | ACCOUNTING POLICIES |
|
General information and basis of preparation |
|
|
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have been consistently applied within these financial statements. |
|
Turnover and income recognition |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Income from services rendered during the year is recognised on completion of the service. At the balance sheet date it is recognised at the stage of completion at that date. |
|
Income from the reimbursement of expenses is recognised according to the date the expenses are invoiced to the customer and the date the expenses are originally incurred. |
|
Interest receivable is recognised according to the date the interest relates to. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
Tangible fixed assets are stated at cost less accumulated depreciation. |
|
Financial assets |
The investment in a private limited company, made in mid May 2020, has been initially recognised, and also valued at the year end, at transaction price adjusted for transaction costs. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
|
Europreneur Consultants Limited (Registered number: 02607611) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2020 |
|
3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling 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 transaction. Exchange differences are taken into account in arriving at the operating result. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
Provisions for liabilities |
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event. It is probable that an outflow of economic benefits will be required in settlement and the amount can be reasonably estimated. |
|
Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
|
Cash and cash equivalents |
Cash and cash equivalents comprise current balances with banks and similar institutions, which are readily convertible to known amounts of cash and which are subject to insignificant risk of changes in value. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Europreneur Consultants Limited (Registered number: 02607611) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2020 |
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 June 2019 |
|
Additions |
|
At 31 May 2020 |
|
DEPRECIATION |
At 1 June 2019 |
|
Charge for year |
|
At 31 May 2020 |
|
NET BOOK VALUE |
At 31 May 2020 |
|
At 31 May 2019 |
|
|
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
Additions |
|
At 31 May 2020 |
|
NET BOOK VALUE |
At 31 May 2020 |
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
as restated |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
as restated |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|