2013-05-01
true
false
Private Limited Company
02588203
2014-04-30
02588203
2013-05-01
2014-04-30
02588203
2013-04-30
02588203
2012-05-01
2013-04-30
02588203
uk-bus:Director1
2013-05-01
2014-04-30
02588203
uk-gaap:PlantMachinery
2013-05-01
2014-04-30
02588203
uk-gaap:MotorCars
2013-05-01
2014-04-30
02588203
uk-bus:OrdinaryShareClass1
2014-04-30
iso4217:GBP
For the year ended 30 April 2014
Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02588203
2
ETS (UK) Limited
For the year ended 30 April 2014
1
Accountants' Report
2
Balance Sheet
3 to 5
Notes to the Abbreviated Financial Statements
3
ETS (UK) Limited
Chartered Accountants' Report
For the year ended 30 April 2014
Chartered Accountants' Report to the Board of Directors
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
| accounts of ETS (UK) Limited for the year ended 30 April 2014 which comprise 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its |
| ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of ETS (UK) Limited, as a body, in accordance with the terms of |
| our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of |
| ETS (UK) Limited and state those matters that we have agreed to state to the Board of Directors of ETS (UK) |
| Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest |
| extent permitted by law, we do not accept or assume responsibility to anyone other than ETS (UK) Limited and its |
| Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that ETS (UK) Limited has kept adequate accounting records to prepare statutory accounts |
| that give a true and fair view of the assets, liabilities, financial position and Profit of ETS (UK) Limited. You consider |
| that ETS (UK) 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 ETS (UK) 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. |
Lofthouse & Co
36 Ropergate
Pontefract
West Yorkshire
WF8 1LY
1 of 5
4
| Abbreviated Balance Sheet |
ETS (UK) Limited
2014
2013
2
1,480
2,008
3
333,693
316,101
163,700
209,484
4
544,657
481,809
642,606
642,531
913,482
854,880
202,992
191,730
1,700,403
1,747,818
| Creditors: amounts falling due within one year |
(574,602)
(542,361)
1,173,216
1,158,042
Net current assets
| Total assets less current liabilities |
1,702,699
1,655,025
(21,053)
(14,697)
| Provisions for liabilities |
1,681,646
Net assets
1,640,328
1,000
5
1,000
1,680,646
1,639,328
1,681,646
1,640,328
Shareholders funds
| For the year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 27 May 2014 |
| Signed on behalf of the board of directors |
2 of 5
5
| Notes to the Abbreviated Financial Statements |
ETS (UK) Limited
For the year ended 30 April 2014
| 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. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 20 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
3 of 5
6
| Notes to the Abbreviated Financial Statements |
ETS (UK) Limited
For the year ended 30 April 2014
Plant and Machinery
Motor Vehicles
| No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
| 2 Intangible fixed assets |
11,000
11,000
8,992
528
Charge for year
9,520
1,480
2,008
4 of 5
7
| Notes to the Abbreviated Financial Statements |
ETS (UK) Limited
For the year ended 30 April 2014
755,947
72,454
(24,941)
803,460
439,846
(24,941)
54,862
Charge for year
469,767
333,693
316,101
| 4 Fixed asset investments |
163,700
45,784
209,484
| 1,000 Class A shares of £1.00 each |
| Allotted called up and fully paid |
2014
2013
| 1,000 Class A shares of £1.00 each |
1,000
1,000
1,000
1,000
5 of 5
