REGISTERED NUMBER: 03498745 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Argus Europe Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B.J. Tough

REGISTERED OFFICE:

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

REGISTERED NUMBER:

03498745 (England and Wales)

ACCOUNTANTS:

Christopher Bailey

Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

FIXED ASSETS

Tangible assets

2

2,067

2,584

CURRENT ASSETS

Debtors

13,448

7,297

Cash at bank and in hand

42,163

48,647

55,611

55,944

CREDITORS

Amounts falling due within one year

(32,304

)

(31,002

)

NET CURRENT ASSETS

23,307

24,942

TOTAL ASSETS LESS CURRENT LIABILITIES

25,374

27,526

PROVISIONS FOR LIABILITIES

(126

)

(166

)

NET ASSETS

25,248

27,360

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

25,246

27,358

SHAREHOLDERS' FUNDS

25,248

27,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 August 2014 and were signed by:

B.J. Tough - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

21,113

DEPRECIATION

At 1 April 2013

18,529

Charge for year

517

At 31 March 2014

19,046

NET BOOK VALUE

At 31 March 2014

2,067

At 31 March 2013

2,584

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

31.3.14

31.3.13

£

£

B.J. Tough

Balance outstanding at start of year

(12,318

)

(26,044

)

Amounts advanced

19,252

25,726

Amounts repaid

(26,757

)

(12,000

)

Balance outstanding at end of year

(19,823

)

(12,318

)