Specsfactory Germany Limited

Wildau

Befreiender Jahresabschluss gem. §325 a HGB
zum Geschäftsjahr vom 01.01.2016 bis zum 31.12.2016

SPECSFACTORY GERMANY LTD.

London/UK

SPECSFACTORY GERMANY LTD.

Registered Number 09754623

Abbreviated Balance Sheet as at 31 December 2016

	Notes	2016
		€
Fixed assets
Intangible assets	2	78,333
Tangible assets	3	846
		79,179
Current assets
Stocks		81,207
Debtors		330,997
Cash at bank and in hand		138,395
		550,599
Creditors: amounts falling due within one year		(1,816,507)
Net current assets (liabilities)		(1,265,908)
Total assets less current liabilities		(1,186,729)
Provisions for liabilities		(64,374)
Total net assets (liabilities)		(1,251,103)
Capital and reserves
Called up share capital		25,000
Profit and loss account		(1,276,103)
Shareholders' funds		(1,251,103)

• For the year ending 31 December 2016 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 18 May 2017

And signed on their behalf by:

Christine Kamppeter, Director

Notes to the Abbreviated Accounts for the period ended 31 December 2016

1 Accounting policies

Basis of measurement and preparation of accounts

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2 Intangible fixed assets

	€
Cost
Additions	98,333
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	98,333
Amortisation
Charge for the year	20,000
On disposals	-
At 31 December 2016	20,000
Net book values
At 31 December 2016	78,333

3 Tangible fixed assets

	€
Cost
Additions	1,016
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	1,016
Depreciation
Charge for the year	170
On disposals	-
At 31 December 2016	170
Net book values
At 31 December 2016	846