REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts |
|
for the Period 1 February 2015 to 31 March 2016 |
|
for |
|
Europoint Industries Ltd |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts |
|
for the Period 1 February 2015 to 31 March 2016 |
|
for |
|
Europoint Industries Ltd |
Europoint Industries Ltd (Registered number: 03697690) |
|
|
|
|
|
|
Contents of the Abbreviated Accounts |
for the period 1 February 2015 to 31 March 2016 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 4 |
Europoint Industries Ltd |
|
Company Information |
for the period 1 February 2015 to 31 March 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
|
|
|
|
|
|
Europoint Industries Ltd (Registered number: 03697690) |
|
Abbreviated Balance Sheet |
31 March 2016 |
|
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
Investments | 3 |
|
|
|
|
|
CURRENT ASSETS |
Debtors |
|
|
Prepayments and accrued income |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
|
PROVISIONS FOR LIABILITIES |
|
|
NET (LIABILITIES)/ASSETS | ( |
) |
|
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Profit and loss account | ( |
) |
|
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. |
Europoint Industries Ltd (Registered number: 03697690) |
|
Abbreviated Balance Sheet - continued |
31 March 2016 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
behalf by: |
|
|
|
|
|
|
|
Europoint Industries Ltd (Registered number: 03697690) |
|
Notes to the Abbreviated Accounts |
for the period 1 February 2015 to 31 March 2016 |
|
1. | ACCOUNTING POLICIES |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
Preparation of consolidated financial statements |
The financial statements contain information about Europoint Industries Ltd as an individual company |
and do not contain consolidated financial information as the parent of a group. The company has |
taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
statements. |
|
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 |
Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries |
within the group. |
|
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
|
Tangible fixed assets |
|
|
Plant and machinery | - |
|
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
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 the profit and loss account in the period to which they |
relate. |
Europoint Industries Ltd (Registered number: 03697690) |
|
Notes to the Abbreviated Accounts - continued |
for the period 1 February 2015 to 31 March 2016 |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2015 |
|
Additions |
|
Disposals | ( |
) |
At 31 March 2016 |
|
DEPRECIATION |
At 1 February 2015 |
|
Charge for period |
|
Eliminated on disposal | ( |
) |
At 31 March 2016 |
|
NET BOOK VALUE |
At 31 March 2016 |
|
At 31 January 2015 |
|
|
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 February 2015 |
and 31 March 2016 |
|
NET BOOK VALUE |
At 31 March 2016 |
|
At 31 January 2015 |
|
Europoint Industries Ltd (Registered number: 03697690) |
|
Notes to the Abbreviated Accounts - continued |
for the period 1 February 2015 to 31 March 2016 |
|
3. | FIXED ASSET INVESTMENTS - continued |
|
Company name - Resource International Limited |
|
Nature of business - Recycling |
|
Shares held in subsidiary company - 100% |
|
|
|
|
Aggregate capital and reserves 55,919 7,686 8,165 |
|
Profit/(loss) for the year 48,233 (479) (471) |
|
Year end date 31/03/2016 31/03/2015 31/03/2014 |
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
|
Ordinary | £1 |
|
|
|
5. | ULTIMATE CONTROLLING PARTY |
|
The company is under the control of Dr P R Pelling, a company director who owns 51% share capital. |
|
6. | GOING CONCERN |
|
The company had net liabilities of £17,588 at the balance sheet date. The company has ceased to trade |
from 31st March 2016 onwards and the main creditor at this date was its subsidiary company. Based |
on this fact the financial statements have been prepared on a going concern basis. |
|
7. | ILLEGAL DIVIDEND |
|
During the year the company paid a dividend to its shareholders. Upon preparation of the final |
accounts this dividend was found to be illegal as it exceeded the distributable reserves of the |
company. The shareholders have acknowledged this fact and that they may have to repay this |
dividend if required in the future. |