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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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ENOTRAC UK LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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ENOTRAC UK LIMITED |
ENOTRAC UK LIMITED (REGISTERED NUMBER: 02766532) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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ENOTRAC UK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Norman House |
8 Burnell Road |
Sutton |
Surrey |
SM1 4BW |
ENOTRAC UK LIMITED (REGISTERED NUMBER: 02766532) |
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BALANCE SHEET |
31 DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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ENOTRAC UK LIMITED (REGISTERED NUMBER: 02766532) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Enotrac UK Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ENOTRAC UK LIMITED (REGISTERED NUMBER: 02766532) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2016 | 2015 |
£ | £ |
Within one year |
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Between one and five years |
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ENOTRAC UK LIMITED (REGISTERED NUMBER: 02766532) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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8. | RELATED PARTY DISCLOSURES |
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Details of related party transactions occurring during the year are as follows: |
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Related party | Relationship | Details | Amount | Balance |
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2016 |
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Enotrac AG | Parent undertaking | Loan to company | - | (78,750 | ) |
Loan interest charged | 3,174 | - |
Loan repayments | 24,424 | - |
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Enotrac AG | Parent undertaking | Sales - engineering fees | 97,334 | 52,593 |
Recharged expenses - payable | (45,314 | ) | - |
Recharged expenses - receivable | 3,480 | - |
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Sconrail UK Ltd | Directors in common | Sales - engineering fees | 8,159 | - |
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Sconrail AG | Directors in common | Sales - engineering fees | 14,500 | - |
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2015 |
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Enotrac AG | Parent undertaking | Loan to company | 100,000 | (100,000 | ) |
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Enotrac AG | Parent undertaking | Sales - engineering fees | 87,778 | 21,823 |
Services bought in | (9,497 | ) | - |
Recharged expenses - payable | (173 | ) | - |
Recharged expenses - receivable | 2,449 | - |
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Sconrail UK Ltd | Directors in common | Sales - engineering fees | 16,566 | 1,403 |
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Sconrail AG | Directors in common | Sales - engineering fees | 6,154 | - |
Recharged expenses - payable | 136 | - |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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In 2015 the parent company loaned Enotrac UK Limited £100,000. |
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Interest charged on this loan during the year amounted to £3,174 (2015: £Nil). |
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The balance of the loan at 31 December 2016 was £78,750 (2015: £100,000). |