Company Registration No. 02737395 (England and Wales)
EUROPEAN MOTOR SERVICES LTD
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
EUROPEAN MOTOR SERVICES LTD
COMPANY INFORMATION
Directors
Mr S Rodrigues
Mr K Pay
Secretary
Mr S Rodrigues
Company number
02737395
Registered office
Unit 5
Commerce Park
19 Commerce Way
Croydon
Surrey
United Kingdom
CR0 4YL
Auditors
Bryden Johnson
Kings Parade
Lower Coombe Street
Croydon
CR0 1AA
EUROPEAN MOTOR SERVICES LTD
CONTENTS
Page
Directors' report
1
Independent auditors' report
2 - 3
Profit and loss account
4
Balance sheet
5
Notes to the financial statements
6 - 7
EUROPEAN MOTOR SERVICES LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 1 -
The directors present their report and financial statements for the year ended 28 February 2015.
Principal activities
The company ceased trading on 1 March 2010 and has not commenced trading during the current period.
Directors
The following directors have held office since 1 March 2014:
Mr S Rodrigues
Mr K Pay
Auditors
The auditors, Bryden Johnson, are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Statement of directors' responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure to auditors
So far as the directors are aware, there is no relevant audit information of which the company's auditors are unaware. Additionally, the directors have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company's auditors are aware of that information.
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr S Rodrigues
Director
23 November 2015
EUROPEAN MOTOR SERVICES LTD
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS OF EUROPEAN MOTOR SERVICES LTD
- 2 -
We have audited the financial statements of European Motor Services Ltd for the year ended 28 February 2015 set out on pages 4 to 7. The financial reporting framework that has been applied in their preparation is applicable law and the Financial Reporting Standard for Smaller Entities (effective April 2008) (United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities).
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Respective responsibilities of directors and auditors
As explained more fully in the Directors' Responsibilities Statement set out on pages 1, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.
Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the directors; and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in the Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
Opinion on financial statements
In our opinion the financial statements: give a true and fair view of the state of the company's affairs as at 28 February 2015 and of its profit for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and have been prepared in accordance with the requirements of the Companies Act 2006. In our opinion the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
-
give a true and fair view of the state of the company's affairs as at 28 February 2015 and of its profit for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
EUROPEAN MOTOR SERVICES LTD
INDEPENDENT AUDITORS' REPORT (CONTINUED)
TO THE MEMBERS OF EUROPEAN MOTOR SERVICES LTD
- 3 -
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of directors' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the directors' report and from preparing a strategic report.
Jackie Wilding (Senior Statutory Auditor)
for and on behalf of Bryden Johnson
27 November 2015
Chartered Accountants
Statutory Auditor
Kings Parade
Lower Coombe Street
Croydon
CR0 1AA
EUROPEAN MOTOR SERVICES LTD
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 4 -
2015
2014
Notes
£
£
Administrative expenses
-
551
(Loss)/profit on ordinary activities before taxation
-
551
Tax on (loss)/profit on ordinary activities
2
-
-
(Loss)/profit for the year
6
-
551
EUROPEAN MOTOR SERVICES LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2015
28 February 2015
- 5 -
2015
2014
Notes
£
£
£
£
Current assets
Stocks
251
251
Debtors
3
180
180
Cash at bank and in hand
2,205
2,205
2,636
2,636
Creditors: amounts falling due within one year
4
(3,339)
(3,339)
Total assets less current liabilities
(703)
(703)
Capital and reserves
Called up share capital
5
2
2
Profit and loss account
6
(705)
(705)
Shareholders' funds
(703)
(703)
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).
Approved by the Board for issue on 23 November 2015
Mr S Rodrigues
Director
Company Registration No. 02737395
EUROPEAN MOTOR SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 6 -
1
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).
2
Taxation
On the basis of these financial statements no provision has been made for corporation tax.
3
Debtors
2015
2014
£
£
Other debtors
180
180
4
Creditors: amounts falling due within one year
2015
2014
£
£
Other creditors
3,339
3,339
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
6
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 March 2014
(705)
Balance at 28 February 2015
(705)
7
Control
The ultimate parent company is Comprehensive Service Facilities Limited, a company registered in England and Wales. There is no ultimate controlling party.
EUROPEAN MOTOR SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2015
- 7 -
8
Related party relationships and transactions
The company has taken advantage of the exemption available in FRS 8 "Related party disclosures" whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary undertaking of the group.
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