Company Registration No. 04877859 (England and Wales)
TIDYBOOKS EUROPE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
LB GROUP
Number One
Vicarage Lane
London
England
E15 4HF
TIDYBOOKS EUROPE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
TIDYBOOKS EUROPE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,405
2,472
Current assets
Stocks
26,413
77,825
Debtors
118,462
106,739
Cash at bank and in hand
88,990
55,189
233,865
239,753
Creditors: amounts falling due within one year
3
(100,227)
(107,897)
Net current assets
133,638
131,856
Total assets less current liabilities
136,043
134,328
Capital and reserves
Called up share capital
4
116
116
Share premium account
105,644
105,644
Profit and loss account
30,283
28,568
Shareholders' funds
136,043
134,328
For the financial year ended 31 August 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 her 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 May 2017
Ms G Grandidier
Director
Company Registration No. 04877859
TIDYBOOKS EUROPE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
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 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 net of VAT and trade discounts. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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:
Fixtures, fittings & equipment
25% reducing balance
1.5
Pensions
The company operated a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable to the profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015
20,723
Additions
550
At 31 August 2016
21,273
Depreciation
At 1 September 2015
18,250
Charge for the year
618
At 31 August 2016
18,868
Net book value
At 31 August 2016
2,405
At 31 August 2015
2,472
TIDYBOOKS EUROPE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £28,879).
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
80,000 88,331 A Ordinary Shares of 0.125p each
100
100
12,800 4,761 B Investments shares of 0.125p each
16
16
116
116