Company Registration No. 03159761 (England and Wales)
ELITE ENCLOSURES AND FABRICATIONS LIMITED
(FORMERLY ELITE ENCLOSURES LIMITED)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
ELITE ENCLOSURES AND FABRICATIONS LIMITED
(FORMERLY ELITE ENCLOSURES LIMITED)
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ELITE ENCLOSURES AND FABRICATIONS LIMITED
(FORMERLY ELITE ENCLOSURES LIMITED)
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
31,758
42,016
Current assets
Stocks
16,390
17,070
Debtors
204,032
312,594
Cash at bank and in hand
2,349
58
222,771
329,722
Creditors: amounts falling due within one year
(105,424)
(233,753)
Net current assets
117,347
95,969
Total assets less current liabilities
149,105
137,985
Creditors: amounts falling due after more than one year
-
(2,356)
149,105
135,629
Capital and reserves
Called up share capital
3
15,000
15,000
Profit and loss account
134,105
120,629
Shareholders' funds
149,105
135,629
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.
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 23 October 2015
Mr. K. Reed
Director
Company Registration No. 03159761
ELITE ENCLOSURES AND FABRICATIONS LIMITED
(FORMERLY ELITE ENCLOSURES 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% 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 2014 & at 31 March 2015
254,731
Depreciation
At 1 April 2014
212,715
Charge for the year
10,258
At 31 March 2015
222,973
Net book value
At 31 March 2015
31,758
At 31 March 2014
42,016
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
15,000 Ordinary shares of £1 each
15,000
15,000