Ecommnet Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03681636 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Ecommnet Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R J Campbell

Mr J D Campbell

SECRETARY:

Mr R J Campbell

REGISTERED OFFICE:

Coburg House

1 Coburg Street

Gateshead

Tyne and Wear

NE8 1NS

REGISTERED NUMBER:

03681636 (England and Wales)

ACCOUNTANTS:

RHK Business Advisers LLP

Chartered Accountants

and Business Advisers

Coburg House

1 Coburg Street

Gateshead

Tyne & Wear

NE8 1NS

FIXED ASSETS

Tangible assets

2

1,572

3,132

CURRENT ASSETS

Debtors

100,084

103,003

Cash at bank and in hand

151,823

143,509

251,907

246,512

CREDITORS

Amounts falling due within one year

280,077

215,338

NET CURRENT (LIABILITIES)/ASSETS

(28,170

)

31,174

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,598

)

34,306

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

(26,602

)

34,302

SHAREHOLDERS' FUNDS

(26,598

)

34,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 July 2014 and were signed on its behalf by:

Mr R J Campbell - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors are aware of the insolvent position of the company at the year end, and are confident the

company will return to a solvent position during the forthcoming year. On the basis of the continued support

of the creditors the directors consider it appropriate to prepare the financial statements on the going concern

basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as

a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 and 20% on reducing balance

Deferred tax

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

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account in the year to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

25,123

Additions

247

At 31 December 2013

25,370

DEPRECIATION

At 1 January 2013

21,991

Charge for year

1,807

At 31 December 2013

23,798

NET BOOK VALUE

At 31 December 2013

1,572

At 31 December 2012

3,132

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

4

Ordinary

£1

4

4