E.E.M.I.T.S Communications Limited - Limited company - abbreviated

REGISTERED NUMBER: 02742476 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 August 2014

for

E.E.M.I.T.S Communications Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C J Matthews

SECRETARY:

M Matthews

REGISTERED OFFICE:

Brignell Road

Riverside Park

MIDDLESBROUGH

TS2 1PS

REGISTERED NUMBER:

02742476 (England and Wales)

ACCOUNTANTS:

Clive Owen LLP

Chartered Accountants

140 Coniscliffe Road

DARLINGTON

Co Durham

DL3 7RT

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

590,335

529,518

590,335

529,518

CURRENT ASSETS

Stocks

25,950

33,301

Debtors

665,713

189,657

Cash at bank and in hand

199,457

459,058

891,120

682,016

CREDITORS

Amounts falling due within one year

703,407

585,423

NET CURRENT ASSETS

187,713

96,593

TOTAL ASSETS LESS CURRENT
LIABILITIES

778,048

626,111

CREDITORS

Amounts falling due after more than one
year

(96,987

)

-

PROVISIONS FOR LIABILITIES

(37,012

)

(22,383

)

NET ASSETS

644,049

603,728

CAPITAL AND RESERVES

Called up share capital

4

10,300

Capital redemption reserve

9,700

Profit and loss account

624,049

583,728

SHAREHOLDERS' FUNDS

644,049

603,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 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 director on 25 March 2015 and were signed by:

C J Matthews - Director

1.	ACCOUNTING POLICIES

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).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the trunk radio system has been fully

amortised.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Radio & computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

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 lease commitments

Rentals payable under operating leases are charged to the profit and loss account in the period to which they

relate.

Grants

Grants received towards revenue expenditure are released to the profit and loss account as the related

expenditure is incurred.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

3,000

AMORTISATION

At 1 September 2013

and 31 August 2014

3,000

NET BOOK VALUE

At 31 August 2014

-

At 31 August 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

1,128,189

Additions

181,927

At 31 August 2014

1,310,116

DEPRECIATION

At 1 September 2013

598,671

Charge for year

121,110

At 31 August 2014

719,781

NET BOOK VALUE

At 31 August 2014

590,335

At 31 August 2013

529,518

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

10,200

Ordinary

£1

10,200

100

A Ordinary

£1

100

10,300

E.E.M.I.T.S Communications Limited - Limited company - abbreviated - 11.6

E.E.M.I.T.S Communications Limited - Limited company - abbreviated - 11.6