eOffice 2000 Limited

Registered number

03880725

Report and Accounts

31 December 2013

eOffice 2000 Limited
Registered number:		03880725
Directors' Report

The directors present their report and accounts for the year ended 31 December 2013.

Principal activities
The company's principal activity during the year continued to be the provision of flexible office space and virtual office and online services.

Directors
The following persons served as directors during the year:

	P. P. Mucelli
	E. A. Carter
	M. Pang

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 16 January 2014 and signed on its behalf.





P. P. Mucelli
Director

eOffice 2000 Limited
Profit and Loss Account
for the year ended 31 December 2013


Notes		2013		2012
£			£

Turnover		1,432,271		1,206,516

Administrative expenses		(1,097,530)		(931,872)

Operating profit	2	334,741		274,644

Interest payable	3	(8,928)		(10,131)

Profit on ordinary activities before taxation		325,813		264,513

Tax on profit on ordinary activities		-		-

Profit for the financial year		325,813		264,513

eOffice 2000 Limited
Balance Sheet
as at 31 December 2013

Notes			2013			2012
£				£
Fixed assets
Intangible assets	4		11,800			3,833
Tangible assets	5		182,677			168,442
Investments	6		16,426			22,343
			210,903			194,618

Current assets
Stocks		15,040			15,040
Debtors	7	144,594			28,459
Cash at bank and in hand		200,652			147,786
		360,286			191,285

Creditors: amounts falling due within one year	8	(206,229)			(191,247)

Net current assets			154,057			38

Total assets less current liabilities			364,960			194,656

Creditors: amounts falling due after more than one year	9		(290,916)			(446,425)



Net assets/(liabilities)			74,044			(251,769)

Capital and reserves
Called up share capital	10		2,500,000			2,500,000
Profit and loss account	11		(2,425,956)			(2,751,769)

Shareholders' funds			74,044			(251,769)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




P. P. Mucelli
Director
Approved by the board on 16 January 2014

eOffice 2000 Limited
Notes to the Accounts
for the year ended 31 December 2013

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Office equipment & furniture			10% - 20% straight line
	Intangible assets			5% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Operating profit					2013		2012
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					55,079		47,415
	Amortisation of intangibles					4,628		167
	Directors' remuneration					8,812		12,000
	Pension costs					4,661		-


3	Interest payable					2013		2012
£							£

	Interest payable					8,928		10,131


4	Intangible fixed assets							£

	Cost
	At 1 January 2013							4,000
	Additions							12,595
	At 31 December 2013							16,595

	Amortisation
	At 1 January 2013							167
	Provided during the year							4,628
	At 31 December 2013							4,795

	Net book value
	At 31 December 2013							11,800
	At 31 December 2012							3,833




5	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 January 2013							802,537
	Additions							69,314
	At 31 December 2013							871,851

	Depreciation
	At 1 January 2013							634,095
	Charge for the year							55,079
	At 31 December 2013							689,174

	Net book value
	At 31 December 2013							182,677
	At 31 December 2012							168,442


6	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Cost
	At 1 January 2013			22,343		-		22,343
	Additions			-		16,226		16,226
	Disposals			(22,143)		-		(22,143)

	At 31 December 2013			200		16,226		16,426

	The company holds 20% or more of the share capital of the following companies:


	Company	Shares held
		Class		%
	OpenOffices Limited	Ordinary		90

	Other investments					2013		2012
£							£

	Unlisted investments					16,226		-


	Unlisted investments comprise artworks held at cost.

7	Debtors					2013		2012
£							£

	Trade debtors					34,791		28,323
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					89,000		-
	Other debtors					20,803		136
						144,594		28,459

	Amounts due after more than one year included above					89,000		-


8	Creditors: amounts falling due within one year					2013		2012
£							£

	Trade creditors					94,640		91,181
	Other taxes and social security costs					39,296		36,155
	Other creditors					72,293		63,911
						206,229		191,247


9	Creditors: amounts falling due after one year					2013		2012
£							£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest					290,916		446,425


10	Share capital	Nominal		2013		2013		2012
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2,500,000		2,500,000		2,500,000


11	Profit and loss account					2013
£

	At 1 January 2013					(2,751,769)
	Profit for the year					325,813

	At 31 December 2013					(2,425,956)


12	Other financial commitments					2013		2012
£							£
	At the year end the company had annual commitments under non-cancellable operating leases as set out below:

	Operating leases which expire:
	within one year					318,000		-
	within two to five years					66,036		-
						384,036		-

eOffice 2000 Limited
Detailed profit and loss account
for the year ended 31 December 2013


	2013		2012
£		£

Sales	1,432,271		1,206,516

Administrative expenses	(1,097,530)		(931,872)

Operating profit	334,741		274,644

Interest payable	(8,928)		(10,131)

Profit before tax	325,813		264,513

eOffice 2000 Limited
Detailed profit and loss account
for the year ended 31 December 2013

		2013		2012
£			£
Sales
Sales		1,432,271		1,206,516

Administrative expenses
Employee costs:
	Wages and salaries	158,668		144,615
	Directors' salaries	-		12,000
	Pensions and healthcare	10,541		7,817
	Contractors	43,776		29,079
	Employer's NI	14,159		14,075
	Temporary staff and recruitment	-		1,381
	Travel and subsistence	33,625		23,938
	Motor expenses	-		2,573
	Entertaining	20,451		25,398
		281,220		260,876
Premises costs:
	Rent	355,460		291,300
	Rates	48,200		15,111
	Service charges	-		56,389
	Light and heat	2,700		2,423
	General purchases for resale	1,333		6,148
		407,693		371,371
General administrative expenses:
	Telephone and fax	62,812		37,963
	Printing, postage & stationery	13,018		15,710
	Courier services	4,553		4,562
	Information and publications	1,051		1,989
	Subscriptions	2,536		4,040
	Bank charges	7,435		7,311
	Insurance	6,686		5,079
	IT costs	24,133		46,115
	Foreign exchange gains/losses	6,294		(8,265)
	Repairs and maintenance	67,834		239
	Depreciation	55,080		47,415
	Amortisation	4,629		167
	Bad debts	-		7
	Sundry expenses	7,380		13,016
		263,441		175,348
Legal and professional costs:
	Accountancy fees	12,482		14,899
	Solicitors fees	2,903		9,162
	Consultancy fees	39,768		9,469
	Advertising and PR	83,780		90,747
	Other legal and professional	6,243		-
		145,176		124,277

		1,097,530		931,872