Caseware UK (AP4) 2014.0.91 2014.0.91 2016-07-312016-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrueNo description of principal activityfalse2015-08-01 06328981 2015-08-01 2016-07-31 06328981 2016-07-31 06328981 2015-07-31 06328981 c:Director1 2015-08-01 2016-07-31 06328981 d:ComputerEquipment 2015-08-01 2016-07-31 06328981 d:OwnedOrFreeholdAssets 2015-08-01 2016-07-31 06328981 d:CurrentFinancialInstruments 2016-07-31 06328981 d:CurrentFinancialInstruments 2015-07-31 06328981 c:OrdinaryShareClass1 2015-08-01 2016-07-31 06328981 c:OrdinaryShareClass1 2016-07-31 06328981 c:FRS102 2015-08-01 2016-07-31 06328981 c:AuditExemptWithAccountantsReport 2015-08-01 2016-07-31 06328981 c:AbbreviatedAccounts 2015-08-01 2016-07-31 06328981 c:PrivateLimitedCompanyLtd 2015-08-01 2016-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06328981










EUZREG CONSULTANCY LIMITED








UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016
 
EUZREG CONSULTANCY LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the Company's annual financial statements, from which the abbreviated accounts (set out on page 6) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EUZREG CONSULTANCY LIMITED
FOR THE YEAR ENDED 31 JULY 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Euzreg Consultancy Limited for the year ended 31 July 2016 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/ members/regulations-standards-and-guidance/.

This report is made solely to the director of Euzreg Consultancy Limited in accordance with the terms of our engagement letter dated 24 April 2017 Our work has been undertaken solely to prepare for your approval the financial statements of Euzreg Consultancy Limited and state those matters that we have agreed to state to the director of Euzreg Consultancy Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Euzreg Consultancy Limited and its director for our work or for this report. 

It is your duty to ensure that Euzreg Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of Euzreg Consultancy Limited. You consider that Euzreg Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Euzreg Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

   



BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
21 April 2017
Page 1
 
EUZREG CONSULTANCY LIMITED
REGISTERED NUMBER: 06328981

ABBREVIATED BALANCE SHEET
AS AT 31 JULY 2016

2016
2016
2015
2015
Note
£
£
£
£

  

FIXED ASSETS
  

Tangible assets
 3 
1,602
1,397

  
1,602
1,397

CURRENT ASSETS
  

Debtors
  
45,370
-

Cash at bank and in hand
 4 
564,502
638,970

  
609,872
638,970

Creditors: amounts falling due within one year
 5 
(47,192)
(70,320)

NET CURRENT ASSETS
  
 
 
562,680
 
 
568,650

  

  

  

NET ASSETS
  
564,282
570,047


CAPITAL AND RESERVES
  

Called up share capital 
 6 
100
100

Profit and loss account
  
564,182
569,947

  
564,282
570,047


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 21 April 2017.




DR H. EUZGER
Director
The notes on pages 3 to 6 form part of these financial statements.

Page 2
 
EUZREG CONSULTANCY LIMITED
 

 
NOTES TO THE ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016

1. ACCOUNTING POLICIES

 
1.1

Basis of preparation of financial statements

The full financial statements, from which these abbreviated financial statements have been extracted, have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with applicable accounting standards  and the Companies Act 2006.

Information on the impact of first-time adoption of FRS 102 is given in note 7.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's's accounting policies (see note 2).

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
· the amount of revenue can be measured reliably;
· it is probable that the Company will receive the consideration due under the contract;
· the stage of completion of the contract at the end of the reporting period can be measured reliably; and
· the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

Page 3
 
EUZREG CONSULTANCY LIMITED
 

 
NOTES TO THE ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016

1. ACCOUNTING POLICIES (CONTINUED)

 
1.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
1.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

 
1.9

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
1.10

Taxation

Tax is recognised in the Statement of comprehensive income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4
 
EUZREG CONSULTANCY LIMITED
 

 
NOTES TO THE ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016

2.



JUDGMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the company's accounting policies, which are described in note 1, management is required to make judgments, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis.  Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.



3.


TANGIBLE FIXED ASSETS





£



COST OR VALUATION


At 1 August 2015
5,982


Additions
739



At 31 July 2016

6,721



DEPRECIATION


At 1 August 2015
4,585


Charge for the period on owned assets
534



At 31 July 2016

5,119



NET BOOK VALUE



At 31 July 2016
1,602


4.


CASH AND CASH EQUIVALENTS

2016
2015
£
£

Cash at bank and in hand
564,502
638,970


Page 5
 
EUZREG CONSULTANCY LIMITED
 

 
NOTES TO THE ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016

5.


CREDITORS: Amounts falling due within one year

2016
2015
£
£

Corporation tax
11,180
41,921

Other taxation and social security
6,784
8,444

Other creditors
25,605
16,332

Accruals and deferred income
3,623
3,623

47,192
70,320



6.


SHARE CAPITAL

2016
2015
£
£
Shares classified as equity

Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


7.


FIRST TIME ADOPTION OF FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 6

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.