Company Registration No. 03435917 (England and Wales)
Eclipse Integrated Telephony Limited
Unaudited accounts
for the year ended 31 March 2020
Eclipse Integrated Telephony Limited
Unaudited accounts
Contents
Eclipse Integrated Telephony Limited
Company Information
for the year ended 31 March 2020
Company Number
03435917 (England and Wales)
Registered Office
591 LONDON ROAD
CHEAM
SUTTON
SURREY
SM3 9AG
United Kingdom
Accountants
Smith Howie Consulting Ltd
2 Glenwood Road
Southbourne
Emsworth
Hampshire
PO10 8NL
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Eclipse Integrated Telephony Limited
for the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Eclipse Integrated Telephony Limited for the year ended 31 March 2020 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of Eclipse Integrated Telephony Limited, as a body, in accordance with the terms of our engagement letter dated 6 July 2020. Our work has been undertaken solely to prepare for your approval the accounts of Eclipse Integrated Telephony Limited and state those matters that we have agreed to state to the Board of Directors of Eclipse Integrated Telephony Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eclipse Integrated Telephony Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Eclipse Integrated Telephony Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Eclipse Integrated Telephony Limited. You consider that Eclipse Integrated Telephony Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Eclipse Integrated Telephony Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Smith Howie Consulting Ltd
Chartered Management Accountants
2 Glenwood Road
Southbourne
Emsworth
Hampshire
PO10 8NL
13 March 2021
Eclipse Integrated Telephony Limited
Statement of financial position
as at
31 March 2020
Tangible assets
1,533,356
851,316
Cash at bank and in hand
-
1,444
Creditors: amounts falling due within one year
(388,067)
(926,610)
Net current liabilities
(331,132)
(797,863)
Total assets less current liabilities
1,202,224
53,453
Creditors: amounts falling due after more than one year
(866,452)
-
Net assets
335,772
53,453
Called up share capital
60,000
60,000
Profit and loss account
275,772
(6,547)
Shareholders' funds
335,772
53,453
For the year ending 31 March 2020 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 March 2021 and were signed on its behalf by
RS Gough
Director
Company Registration No. 03435917
Eclipse Integrated Telephony Limited
Notes to the Accounts
for the year ended 31 March 2020
Eclipse Integrated Telephony Limited is a private company, limited by shares, registered in England and Wales, registration number 03435917. The registered office is 591 LONDON ROAD, CHEAM, SUTTON, SURREY, SM3 9AG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% reducing balance
Fixtures & fittings
25% reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Eclipse Integrated Telephony Limited
Notes to the Accounts
for the year ended 31 March 2020
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2019
1,380,999
37,703
-
1,418,702
Additions
817,039
-
1,602
818,641
Disposals
(243,682)
-
-
(243,682)
At 31 March 2020
1,954,356
37,703
1,602
1,993,661
At 1 April 2019
541,479
25,907
-
567,386
Charge for the year
115,752
2,949
-
118,701
On disposals
(225,782)
-
-
(225,782)
At 31 March 2020
431,449
28,856
-
460,305
At 31 March 2020
1,522,907
8,847
1,602
1,533,356
At 31 March 2019
839,520
11,796
-
851,316
Trade debtors
14,615
90,120
Accrued income and prepayments
5,115
-
Other debtors
37,205
37,183
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
24,359
-
Obligations under finance leases and hire purchase contracts
83,250
625,310
Trade creditors
14,035
7,181
Other creditors
25,000
25,001
Loans from directors
239,423
262,118
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
866,452
-
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).