Eltec Engineering Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08156474 (England and Wales)

Unaudited Financial Statements

FOR THE PERIOD

1 August 2017 to 31 January 2019

for

ELTEC ENGINEERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Edmunds

REGISTERED OFFICE:

Unit 6, Walnut Tree Farm

St Brides

Newport

Gwent

NP10 8SQ

REGISTERED NUMBER:

08156474 (England and Wales)

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

FIXED ASSETS

Tangible assets

4

14,648

-

CURRENT ASSETS

Debtors

5

30,984

59,262

Cash at bank and in hand

21,935

8,629

52,919

67,891

CREDITORS

Amounts falling due within one year

6

(58,921

)

(73,992

)

NET CURRENT LIABILITIES

(6,002

)

(6,101

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,646

(6,101

)

CREDITORS

Amounts falling due after more than one year

7

(8,373

)

(11,008

)

NET ASSETS/(LIABILITIES)

273

(17,109

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

272

(17,110

)

SHAREHOLDERS' FUNDS

273

(17,109

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 November 2019 and were signed by:

M Edmunds - Director

1.	STATUTORY INFORMATION

Eltec Engineering Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the period end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2017

30,407

Additions

15,500

At 31 January 2019

45,907

DEPRECIATION

At 1 August 2017

30,407

Charge for period

852

At 31 January 2019

31,259

NET BOOK VALUE

At 31 January 2019

14,648

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Trade debtors

1,278

15,635

Other debtors

29,706

43,627

30,984

59,262

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Bank loans and overdrafts

12,711

9,272

Hire purchase contracts

6,038

-

Trade creditors

15,386

64,199

Taxation and social security

10,105

521

Other creditors

14,681

-

58,921

73,992

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2017

£

£

Hire purchase contracts

8,373

11,008

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2017

value:

£

£

1

Ordinary

1

1

1

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Edmunds.