Company Registration No. 02444764 (England and Wales)
EUROWEB (S.W.) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
EUROWEB (S.W.) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EUROWEB (S.W.) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
2
Current assets
Stocks
25,000
25,000
Debtors
499,763
487,808
Cash at bank and in hand
529,982
420,250
1,054,745
933,058
Creditors: amounts falling due within one year
(48,001)
(49,966)
Net current assets
1,006,744
883,092
Total assets less current liabilities
1,006,744
883,094
Capital and reserves
Called up share capital
3
10,002
10,002
Profit and loss account
996,742
873,092
Shareholders'  funds
1,006,744
883,094
For the financial year ended 31 March 2015 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 16 December 2015
Mr G D Tait
Director
Company Registration No. 02444764
EUROWEB (S.W.) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 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 April 2008).

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.
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 & equipment
33%  straight line
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014 & at 31 March 2015
20,654
Depreciation
At 1 April 2014 & at 31 March 2015
20,654
Net book value
At 31 March 2015
-
At 31 March 2014
2
EUROWEB (S.W.) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
10,002 Ordinary shares of £1 each
10,002
10,002
4
Ultimate parent company
The ultimate parent company is GT Factors Limited, a company registered in England and Wales.
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