Company Registration No. 04006539 (England and Wales)
SCREENWORKS (EUROPE) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2016
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
RG9 2LT
SCREENWORKS (EUROPE) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SCREENWORKS (EUROPE) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
18,987
23,470
Current assets
Debtors
112,328
108,383
Cash at bank and in hand
16,761
21,471
129,089
129,854
Creditors: amounts falling due within one year
(20,907)
(27,824)
Net current assets
108,182
102,030
Total assets less current liabilities
127,169
125,500
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
127,167
125,498
Shareholders' funds
127,169
125,500
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 31 March 2017
Mr. R. A. Flawn-Thomas
Director
Company Registration No. 04006539
SCREENWORKS (EUROPE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services invoiced during the year, net of VAT and trade discounts.
invoiced during the year,
net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% Reducing balance
Fixtures & fittings
20% Reducing balance
Motor vehicles
25% Reducing balance
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
SCREENWORKS (EUROPE) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
105,831
Additions
1,285
At 30 June 2016
107,116
Depreciation
At 1 July 2015
82,361
Charge for the year
5,768
At 30 June 2016
88,129
Net book value
At 30 June 2016
18,987
At 30 June 2015
23,470
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2