Registered Number 06800184
CELEWEB LIMITED
Micro-entity Accounts
31 December 2016
Notes | 2016 | 2015 | |
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€ | € | ||
Fixed assets | |||
Investments | 1 |
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Cash at bank and in hand |
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Current Assets |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1
Fixed assets Investments
Cost
At 1 January 2016 € 74,683
At 31 December 2016 € 74,683
The company holds 20% or more of the share capital of the following companies:
1. Company: Celeweb SA - Switzerland
Shares held: 100% - Class: Ordinary
Capital and reserves: CHF 21,089
Profit (loss) for the year: CHF 39,799
2 Accounting Policies
Basis of measurement and preparation of accounts
FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as
applied to small entities by section 1A of the standard).
Turnover policy
and value added taxes. Turnover includes revenue earned from the sale of goods and from the
rendering of services. Turnover from the sale of goods is recognised when the significant risks
and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering
of services is recognised by reference to the stage of completion of the contract. The stage of
completion of a contract is measured by comparing the costs incurred for work performed to date
to the total estimated contract costs.
Other accounting policies
impairment losses for bad and doubtful debts. Loans and other financial assets are initially
recognised at transaction price including any transaction costs and subsequently measured at
amortised cost determined using the effective interest method, less any impairment losses for bad
and doubtful debts.
- Short term creditors are measured at transaction price (which is usually the invoice price). Loans
and other financial liabilities are initially recognised at transaction price net of any transaction costs
and subsequently measured at amortised cost determined using the effective interest method.
- Investments in subsidiaries, associates and joint ventures are measured at cost less any
accumulated impairment losses. Listed investments are measured at fair value. Unlisted
investments are measured at fair value unless the value cannot be measured reliably, in which
case they are measured at cost less any accumulated impairment losses. Changes in fair value
are included in the profit and loss account.