Estonteco Ltd 31/10/2019 iXBRL

Estonteco Ltd 31/10/2019 iXBRL

ESTONTECO LTD - Company Information

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31/10/2019 2019-10-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2018-11-01 Sage Accounts Production 19.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 10426919 2018-11-01 2019-10-31 10426919 2019-10-31 10426919 2018-10-31 10426919 2017-11-01 2018-10-31 10426919 2018-10-31 10426919 core:PlantMachinery 2018-11-01 2019-10-31 10426919 bus:Director1 2018-11-01 2019-10-31 10426919 core:PlantMachinery 2018-10-31 10426919 core:PlantMachinery 2019-10-31 10426919 core:WithinOneYear 2019-10-31 10426919 core:WithinOneYear 2018-10-31 10426919 core:ShareCapital 2019-10-31 10426919 core:ShareCapital 2018-10-31 10426919 core:RetainedEarningsAccumulatedLosses 2019-10-31 10426919 core:RetainedEarningsAccumulatedLosses 2018-10-31 10426919 core:PlantMachinery 2018-10-31 10426919 bus:SmallEntities 2018-11-01 2019-10-31 10426919 bus:AuditExempt-NoAccountantsReport 2018-11-01 2019-10-31 10426919 bus:FullAccounts 2018-11-01 2019-10-31 10426919 bus:SmallCompaniesRegimeForAccounts 2018-11-01 2019-10-31 10426919 bus:PrivateLimitedCompanyLtd 2018-11-01 2019-10-31 10426919 core:InvestmentPropertyIncludedWithinPPE 2018-10-31 10426919 core:InvestmentPropertyIncludedWithinPPE 2018-11-01 2019-10-31
Company registration number: 10426919
Estonteco Ltd
Unaudited filleted financial statements
31 October 2019
Estonteco Ltd
Contents
Statement of financial position
Notes to the financial statements
Estonteco Ltd
Statement of financial position
31 October 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 5 515 82,336
_______ _______
515 82,336
Current assets
Debtors 6 3,987 15,060
Investments 7 20,000 -
Cash at bank and in hand 87,969 72,652
_______ _______
111,956 87,712
Creditors: amounts falling due
within one year 8 ( 64,210) ( 162,795)
_______ _______
Net current assets/(liabilities) 47,746 ( 75,083)
_______ _______
Total assets less current liabilities 48,261 7,253
_______ _______
Net assets 48,261 7,253
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 48,161 7,153
_______ _______
Shareholder funds 48,261 7,253
_______ _______
For the year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 06 May 2020 , and are signed on behalf of the board by:
Mr Marlon Stephen McAllister
Director
Company registration number: 10426919
Estonteco Ltd
Notes to the financial statements
Year ended 31 October 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 5 Oaklands, 26 Manchester Road, Audenshaw, England, M34 5GB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).
5. Tangible assets
Plant and machinery Investment properties Total
£ £ £
Cost
At 1 November 2018 529 81,867 82,396
Additions 175 - 175
Disposals - ( 81,867) ( 81,867)
_______ _______ _______
At 31 October 2019 704 - 704
_______ _______ _______
Depreciation
At 1 November 2018 60 - 60
Charge for the year 129 - 129
_______ _______ _______
At 31 October 2019 189 - 189
_______ _______ _______
Carrying amount
At 31 October 2019 515 - 515
_______ _______ _______
At 31 October 2018 469 81,867 82,336
_______ _______ _______
6. Debtors
2019 2018
£ £
Other debtors 3,987 15,060
_______ _______
7. Investments
2019 2018
£ £
Other investments 20,000 -
_______ _______
8. Creditors: amounts falling due within one year
2019 2018
£ £
Trade creditors 180 -
Corporation tax 9,416 1,693
Other creditors 54,614 161,102
_______ _______
64,210 162,795
_______ _______