ERLAS DEVELOPMENTS LTD

ERLAS DEVELOPMENTS LTD

ERLAS DEVELOPMENTS LTD - Company Information

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ERLAS DEVELOPMENTS LTD

Company Registration Number:
05671841 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2019

Period of accounts

Start date: 01 July 2018

End date: 30 June 2019

ERLAS DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 30 June 2019

Balance sheet
Notes

ERLAS DEVELOPMENTS LTD

Balance sheet

As at 30 June 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 2 180,484 180,798
Total fixed assets: 180,484 180,798
Current assets
Stocks: 597,584 302,825
Debtors:   131,463 164,865
Cash at bank and in hand: 46,993 54,791
Total current assets: 776,040 522,481
Creditors: amounts falling due within one year:   (571,258) (38,985)
Net current assets (liabilities): 204,782 483,496
Total assets less current liabilities: 385,266 664,294
Creditors: amounts falling due after more than one year:   (69,438) (371,725)
Provision for liabilities: (23,840) (23,765)
Total net assets (liabilities): 291,988 268,804
Capital and reserves
Called up share capital: 300 300
Share premium account: 3,686 3,686
Revaluation reserve:3124,987124,987
Profit and loss account: 163,015 139,831
Shareholders funds: 291,988 268,804

The notes form part of these financial statements

ERLAS DEVELOPMENTS LTD

Balance sheet statements

For the year ending 30 June 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 March 2020
and signed on behalf of the board by:

Name: N K Fisher
Status: Director

The notes form part of these financial statements

ERLAS DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ERLAS DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2019

2. Tangible Assets

Total
Cost £
At 01 July 2018 190,183
Disposals (6,664)
At 30 June 2019 183,519
Depreciation
At 01 July 2018 9,385
Charge for year 314
On disposals (6,664)
At 30 June 2019 3,035
Net book value
At 30 June 2019 180,484
At 30 June 2018 180,798

ERLAS DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 30 June 2019

3. Revaluation reserve

2019
£
Balance at 01 July 2018 124,987
Surplus or deficit after revaluation 0
Balance at 30 June 2019 124,987