Euro Rubber Lines Limited - Period Ending 2013-12-31

Euro Rubber Lines Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013

Davies & Co.
Chartered Certified Accountants
9 Riverside
Waters Meeting Rd
Bolton
BL1 8TU

Euro Rubber Lines Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

Euro Rubber Lines Limited
(Registration number: 07109150)
Abbreviated Balance Sheet at 31 December 2013

	Note	2013 £	2012 £
Current assets
Stocks		572,900	408,500
Debtors		673,867	681,249
Cash at bank and in hand		178,139	474,145
		1,424,906	1,563,894
Creditors: Amounts falling due within one year		(797,341)	(1,060,350)
Net assets		627,565	503,544
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		627,465	503,444
Shareholders' funds		627,565	503,544

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 September 2014 and signed on its behalf by:

.........................................
Mr Jan van Winkelen
Director

.........................................
Mr Hans van Winkelen
Director

The notes on page 2 form an integral part of these financial statements.
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Euro Rubber Lines Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2013			2012
		No.	£		No.	£
Ordinary of £1 each		100	100		100	100

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