IRIS Accounts Production
Software
02492970
1.8.15
31.7.16
31.7.16
Company accounts
Private Limited Company
FY
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A, B, C and D Ordinary
1.00000
Preference
1.00000
iso4217:GBP
iso4217:USD
iso4217:EUR
xbrli:shares
xbrli:pure
02492970
2015-07-31
02492970
2016-07-31
02492970
2015-08-01
2016-07-31
02492970
2014-07-31
02492970
2014-08-01
2015-07-31
02492970
2015-07-31
02492970
ns12:England
2015-08-01
2016-07-31
02492970
ns14:PoundSterling
2015-08-01
2016-07-31
02492970
ns7:Director1
2015-08-01
2016-07-31
02492970
ns7:OrdinaryShareClass1
2015-08-01
2016-07-31
02492970
ns7:OrdinaryShareClass2
2015-08-01
2016-07-31
02492970
ns7:Director2
2015-08-01
2016-07-31
02492970
ns7:Director3
2015-08-01
2016-07-31
02492970
ns7:CompanySecretary
2015-08-01
2016-07-31
02492970
ns7:RegisteredOffice
2015-08-01
2016-07-31
02492970
ns7:EntityAccountantsOrAuditors
2015-08-01
2016-07-31
02492970
ns7:EntityBankers
2015-08-01
2016-07-31
02492970
ns5:PatentsConcessionsLicencesTradeMarksSimilar
2015-08-01
2016-07-31
02492970
ns5:LandBuildings
ns5:OwnedOrFreeholdTangibleFixedAssets
2015-08-01
2016-07-31
02492970
ns5:PlantMachinery
2015-08-01
2016-07-31
02492970
ns5:FixturesFittings
2015-08-01
2016-07-31
02492970
ns5:MotorVehicles
2015-08-01
2016-07-31
02492970
ns5:FixedAssetInvestmentsOtherThanLoans
2016-07-31
02492970
ns5:FixedAssetInvestmentsOtherThanLoans
2015-07-31
02492970
ns5:Subsidiary1
2015-08-01
2016-07-31
02492970
ns5:Subsidiary1
2014-08-01
2015-07-31
02492970
ns5:Subsidiary2
2015-08-01
2016-07-31
02492970
ns5:Subsidiary2
2014-08-01
2015-07-31
02492970
ns7:OrdinaryShareClass1
2016-07-31
02492970
ns7:OrdinaryShareClass1
2015-07-31
02492970
ns7:OrdinaryShareClass2
2016-07-31
02492970
ns7:OrdinaryShareClass2
2015-07-31
REGISTERED NUMBER:
02492970
(England and Wales)
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for the Year Ended 31 July 2016
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Engineering Control Supplies Limited
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Abbreviated Balance Sheet
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2
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Notes to the Abbreviated Accounts
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3
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REGISTERED OFFICE:
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Roman Hill Trading Estate
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REGISTERED NUMBER:
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02492970 (England and Wales)
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ACCOUNTANTS:
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Read Woodruff
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Intangible assets
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2
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65,650
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77,770
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Tangible assets
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3
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1,443,071
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1,334,445
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Investments
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4
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131,595
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131,595
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Cash at bank and in hand
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101,681
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120,928
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Amounts falling due within one year
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5
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815,703
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853,432
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NET CURRENT (LIABILITIES)/ASSETS
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(82,863
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) |
169,045
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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1,557,453
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1,712,855
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Amounts falling due after more than one
year
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5
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(482,494
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) |
(631,539
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) |
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PROVISIONS FOR LIABILITIES
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(104,033
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) |
(79,058
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) |
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NET ASSETS
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970,926
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1,002,258
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Called up share capital
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6
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154
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154
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Capital redemption reserve
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288
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288
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Profit and loss account
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970,484
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1,001,816
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SHAREHOLDERS' FUNDS
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970,926
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1,002,258
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The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for:
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(a)
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
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(b)
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.
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The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
The financial statements were approved by the Board of Directors on
25 April 2017 and were signed on its behalf by:
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The financial statements have been prepared under the historical cost convention and in accordance with the
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Financial Reporting Standard for Smaller Entities (effective January 2015).
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Preparation of consolidated financial statements
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The financial statements contain information about Engineering Control Supplies Limited as an individual
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company and do not contain consolidated financial information as the parent of a group. The company has
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taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial
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Turnover represents net invoiced sales of goods and services, excluding value added tax.
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Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years. |
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Amortisation was provided at 10% on cost per annum in order to write off patents and licences over their
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. |
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Freehold property
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-
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not provided |
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Plant and machinery
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-
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15% on reducing balance |
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Fixtures and fittings
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-
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15% on reducing balance |
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Motor vehicles
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-
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25% on reducing balance |
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The directors consider that freehold properties are maintained in such a state of repair that their residual value
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is at least equal to their net book value. As a result, the corresponding depreciation would not be material and
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therefore is not charged in the profit and loss account. The directors perform annual impairment reviews in
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accordance with the requirements of FRS15 and FRS 11 to ensure that the recoverable amount is not lower
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Stocks and work in progress are valued at the lower of cost and net realisable value, after making due
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allowance for obsolete and slow moving items.
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
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Expenditure on research and development is written off in the year in which it is incurred.
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Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
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balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange
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ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating
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Hire purchase and leasing commitments
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Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
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held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance
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leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
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The interest element of these obligations is charged to the profit and loss account over the relevant period.
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The capital element of the future payments is treated as a liability.
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
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2.
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INTANGIBLE FIXED ASSETS
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Amortisation for year
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12,120
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At 1 August 2015
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1,653,760
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At 31 July 2016
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1,841,959
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Eliminated on disposal
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(13,570
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) |
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At 31 July 2016
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1,443,071
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At 31 July 2015
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1,334,445
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4.
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FIXED ASSET INVESTMENTS
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The company's investments at the Balance Sheet date in the share capital of companies include the following:
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ECS Special Projects Limited
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Nature of business:
special project and new product engineers |
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Aggregate capital and reserves
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(37,408 |
) |
10,342 |
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Loss for the year
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(47,750 |
) |
(10,276 |
) |
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Nature of business:
specialists in online sales |
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Aggregate capital and reserves
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(715 |
) |
3,514 |
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(Loss)/profit for the year
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(4,229 |
) |
3,376 |
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Creditors include an amount of £
854,568
(2015 - £
978,416
) for which security has been given.
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6.
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CALLED UP SHARE CAPITAL
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Allotted, issued and fully paid:
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Number:
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Class:
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Nominal
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2016
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2015
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134
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A, B, C and D Ordinary
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£1
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134
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134
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The A, B, C and D Ordinary shares rank pari passu in all respects save that where a dividend is declared the
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company may by ordinary resolution differentiate between the classes as to the amount or percentage of
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dividend payable. The ordinary shares in issue are:
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The preference shares entitle holders to receive notice of and attend at general meetings but do not confer
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any right to vote. On return of assets on liquidation or otherwise, the holders are entitled only to repayment of
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7.
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RELATED PARTY DISCLOSURES
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The company is controlled by R and Mrs E Jones who own 75.37% of the issued ordinary voting share capital.
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b) Director's current account (in credit)
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Included in creditors is the sum of £20,308 owed to the directors.
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c) Transactions with related parties
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During the year the company entered into transactions with ECS Special Projects Limited and Re-Retail
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Limited; both of these companies are 100% subsidiaries of Engineering Control Supplies Limited.
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Included in other debtors at 31 July 2016 is an interest-free loan of £100,000 to ECS Special Projects Limited.
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The company supplied and purchased goods and services to and from ECS Special Projects Limited during the
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year. Sales totalled £19,467 and there was no debtor balance at 31 July 2016. Purchases totalled £55,157 and
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there was no creditor balance at 31 July 2016. All amounts were invoiced at normal rates and on usual
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Additionally, the company purchased goods and services from Re-Retail Limited during the year. Purchases
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totalled £156 and there was no creditor balance at 31 July 2016. All amounts were invoiced at normal rates
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and on usual business terms.
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