Company Registration No. 07765183 (England and Wales)
EFG COMMUNICATIONS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
EFG COMMUNICATIONS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EFG COMMUNICATIONS LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,595
-
Current assets
Debtors
16,200
-
Cash at bank and in hand
117,594
101,353
133,794
101,353
Creditors: amounts falling due within one year
(28,898)
(23,606)
Net current assets
104,896
77,747
Total assets less current liabilities
106,491
77,747
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
106,391
77,647
Shareholders' funds
106,491
77,747
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 20 December 2016
Ms E Grout
Director
Company Registration No. 07765183
EFG COMMUNICATIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
386
Additions
2,127
At 30 September 2016
2,513
Depreciation
At 1 October 2015
386
Charge for the year
532
At 30 September 2016
918
Net book value
At 30 September 2016
1,595
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
4
Related party relationships and transactions
EFG COMMUNICATIONS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
4
Related party relationships and transactions
(Continued)
- 3 -
At the balance sheet date the company owed E Grout £7,369 (2015: £5,954).