Company Registration No. 03159761 (England and Wales)
ELITE ENCLOSURES AND FABRICATIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ELITE ENCLOSURES AND FABRICATIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ELITE ENCLOSURES AND FABRICATIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
32,429
31,758
Current assets
Stocks
15,956
16,390
Debtors
200,960
204,032
Cash at bank and in hand
59,924
2,349
276,840
222,771
Creditors: amounts falling due within one year
(162,361)
(105,424)
Net current assets
114,479
117,347
Total assets less current liabilities
146,908
149,105
Creditors: amounts falling due after more than one year
(1,750)
-
145,158
149,105
Capital and reserves
Called up share capital
3
15,000
15,000
Profit and loss account
130,158
134,105
Shareholders' funds
145,158
149,105
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 21 November 2016
Mr. K. Reed
Director
Company Registration No. 03159761
ELITE ENCLOSURES AND FABRICATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 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 January 2015).
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% on reducing balance
Fixtures, fittings & equipment
15% on reducing balance
Motor vehicles
25% on reducing balance
1.5
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
254,731
Additions
9,708
At 31 March 2016
264,439
Depreciation
At 1 April 2015
222,973
Charge for the year
9,037
At 31 March 2016
232,010
Net book value
At 31 March 2016
32,429
At 31 March 2015
31,758
ELITE ENCLOSURES AND FABRICATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
15,000 Ordinary shares of £1 each
15,000
15,000