EALC_LTD - Accounts

EALC LTD - Company Information

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Company Registration No. 02997837 (England and Wales)

EALC LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

EALC LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EALC LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,683

2,513

Investments

2,216

3,899

4,729

Current assets

Debtors

152,193

379,555

Cash at bank and in hand

60,901

152,193

440,456

Creditors: amounts falling due within one year

(129,558)

(216,264)

Net current assets

22,635

224,192

Total assets less current liabilities

26,534

228,921

Provisions for liabilities

(200,000)

26,534

28,921

Capital and reserves

Called up share capital

87,000

Profit and loss account

(60,466)

(58,079)

Shareholders' funds

26,534

28,921

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 May 2015

K J Earthrowl

A La Pietra

Director

Company Registration No. 02997837

EALC LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

These accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% on reducing balance

Fixtures, fittings & equipment

33% on reducing balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

EALC LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2014 & at 31 December 2014

80,465

2,216

82,681

Depreciation

At 1 January 2014

77,952

Charge for the year

830

At 31 December 2014

78,782

Net book value

At 31 December 2014

1,683

2,216

3,899

At 31 December 2013

2,513

2,216

4,729

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

EALC Inspections Limited

England

Ordinary

51.00

TLA Underwriting Limited

England

Ordinary

100.00

SRP Edwards & Co. Limited

England

Ordinary

20.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2014

Principal activity

EALC Inspections Limited

Dormant

(8,816)

TLA Underwriting Limited

Dormant

165

SRP Edwards & Co. Limited

Underwriters

60,903

2,030

Share capital

2014

2013

Allotted, called up and fully paid

87,000 Ordinary Shares of £1 each

87,000