Company Registration No. 04484730 (England and Wales)
ESKAY HOLOGRAPHICS LIMITED
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 1 AUGUST 2014
ESKAY HOLOGRAPHICS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ESKAY HOLOGRAPHICS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
1 AUGUST 2014
01 August 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
15,000
Tangible assets
2
327
9,819
327
24,819
Current assets
Stocks
1,200
2,900
Debtors
184,241
608,426
185,441
611,326
Creditors: amounts falling due within one year
(185,716)
(634,222)
Net current liabilities
(275)
(22,896)
Total assets less current liabilities
52
1,923
Provisions for liabilities
(941)
52
982
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
51
981
Shareholders' funds
52
982
ESKAY HOLOGRAPHICS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
1 AUGUST 2014
01 August 2014
- 2 -
For the financial period ended 1 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his 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 26 July 2015
Mr S J Kyle
Director
Company Registration No. 04484730
ESKAY HOLOGRAPHICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 1 AUGUST 2014
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).
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.The validity of this assumption depends on the continued support of the directors and that of its creditors and lenders.
If the company was unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further liabilities that might arise and to reclassify fixed assets as current assets.
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 25 years.
1.5
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:
Land and buildings Leasehold
6 years straight line method
Plant and machinery
25% reducing balance method
Fixtures, fittings & equipment
15% reducing balance method
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
ESKAY HOLOGRAPHICS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 1 AUGUST 2014
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2013
50,000
50,816
100,816
Disposals
(49,651)
(49,651)
At 1 August 2014
50,000
1,165
51,165
Depreciation
At 1 August 2013
35,000
40,997
75,997
On disposals
(42,751)
(42,751)
Charge for the period
15,000
2,592
17,592
At 1 August 2014
50,000
838
50,838
Net book value
At 1 August 2014
327
327
At 31 July 2013
15,000
9,819
24,819
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
4
Transactions with directors
Included within other debtors is an amount of £61,214 (2013: £441,025) due from Mr S J Kyle, the director of the company.