ELECTROCOIN AUTOMATICS LIMITED

ELECTROCOIN AUTOMATICS LIMITED

ELECTROCOIN AUTOMATICS LIMITED - Company Information

Print Friendly Version

ELECTROCOIN AUTOMATICS LIMITED

Company Registration Number:
01256046 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

ELECTROCOIN AUTOMATICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

ELECTROCOIN AUTOMATICS LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 1,974,475 2,006,158
Total fixed assets: 1,974,475 2,006,158
Current assets
Stocks: 830,700 630,780
Debtors:   3,309,117 3,622,345
Cash at bank and in hand: 220,702 137,607
Total current assets: 4,360,519 4,390,732
Creditors: amounts falling due within one year:   (584,207) (620,616)
Net current assets (liabilities): 3,776,312 3,770,116
Total assets less current liabilities: 5,750,787 5,776,274
Creditors: amounts falling due after more than one year:   (6,112,584) (6,230,208)
Total net assets (liabilities): (361,797) (453,934)
Capital and reserves
Called up share capital: 20,000 20,000
Profit and loss account: (381,797) (473,934)
Shareholders funds: (361,797) (453,934)

The notes form part of these financial statements

ELECTROCOIN AUTOMATICS LIMITED

Balance sheet statements

For the year ending 31 March 2020 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 21 July 2020
and signed on behalf of the board by:

Name: J STERGIDES
Status: Director

The notes form part of these financial statements

ELECTROCOIN AUTOMATICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

1. Accounting policies

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

ELECTROCOIN AUTOMATICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 9 9

ELECTROCOIN AUTOMATICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible Assets

Total
Cost £
At 01 April 2019 4,044,487
At 31 March 2020 4,044,487
Depreciation
At 01 April 2019 2,038,329
Charge for year 31,683
At 31 March 2020 2,070,012
Net book value
At 31 March 2020 1,974,475
At 31 March 2019 2,006,158