| Ecomesh Adiabatic Systems Ltd |
| Registered number: 06374185 |
| Balance Sheet |
| as at 31 December 2018 |
|
|
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,225 |
|
|
2,594 |
|
| Current assets |
| Stocks |
|
|
137,103 |
|
|
193,529 |
| Debtors |
4 |
|
367,187 |
|
|
59,919 |
| Cash at bank |
|
|
712,459 |
|
|
932,531 |
|
|
|
1,216,749 |
|
|
1,185,979 |
| Creditors: amounts falling due within one year |
5 |
|
(117,206) |
|
|
(113,737) |
|
| Net current assets |
|
|
|
1,099,543 |
|
|
1,072,242 |
|
| Net assets |
|
|
|
1,100,768 |
|
|
1,074,836 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
1,100,668 |
|
|
1,074,736 |
|
| Shareholder's funds |
|
|
|
1,100,768 |
|
|
1,074,836 |
|
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The company has taken the option not to deliver a profit and loss account to the Registrar of Companies. |
|
|
|
|
| M Zafer Ure |
| Director |
| Approved by the board on 15 February 2019 |
|
| Ecomesh Adiabatic Systems Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2018 |
|
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised at the point of sale. Turnover from the rendering of services is recognised on completion of the service. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset evenly over its expected useful life, as follows: |
|
Equipment |
over 4 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out method. Provision is made for damaged, obsolete and slow-moving stock where appropriate. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Debtors |
|
Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Longer term loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Longer term loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the accounts and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Pension contributions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
| 2 |
Employees |
2018 |
|
2017 |
| Number |
Number |
|
|
Average number of persons employed, including directors |
6 |
|
3 |
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Equipment and fixtures |
| £ |
|
Cost |
|
At 1 January 2018 |
9,764 |
|
At 31 December 2018 |
9,764 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2018 |
7,170 |
|
Charge for the year |
1,369 |
|
At 31 December 2018 |
8,539 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2018 |
1,225 |
|
At 31 December 2017 |
2,594 |
|
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade debtors |
355,071 |
|
51,236 |
|
Other debtors |
12,116 |
|
8,683 |
|
|
|
|
|
|
367,187 |
|
59,919 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Trade creditors |
38,869 |
|
32,359 |
|
Amounts owed to group undertakings |
|
30,945 |
|
15,612 |
|
Taxation and social security costs |
42,954 |
|
61,766 |
|
Other creditors |
4,438 |
|
4,000 |
|
|
|
|
|
|
117,206 |
|
113,737 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Company information |
|
|
The company is a private company limited by shares, incorporated in England and registered at 32 Mere View Industrial Estate, Yaxley, Peterborough, PE7 3HS. |
