ECHAD SERVICES LIMITED

ECHAD SERVICES LIMITED

ECHAD SERVICES LIMITED - Company Information

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ECHAD SERVICES LIMITED

Company Registration Number:
10306850 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2019

Period of accounts

Start date: 1 September 2018

End date: 31 August 2019

ECHAD SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2019

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ECHAD SERVICES LIMITED

Profit And Loss Account

for the Period Ended 31 August 2019

2019 2018


£
£
Turnover: 619,339 167,562
Cost of sales: ( 529,526 ) ( 17,290 )
Gross profit(or loss): 89,813 150,272
Administrative expenses: ( 95,948 ) ( 117,806 )
Other operating income: 3,200
Operating profit(or loss): (2,935) 32,466
Interest receivable and similar income: 30
Interest payable and similar charges: ( 3 )
Profit(or loss) before tax: (2,905) 32,463
Tax: ( 614 ) ( 6,458 )
Profit(or loss) for the financial year: (3,519) 26,005

ECHAD SERVICES LIMITED

Balance sheet

As at 31 August 2019

Notes 2019 2018


£
£
Fixed assets
Tangible assets: 3 113 169
Total fixed assets: 113 169
Current assets
Debtors: 4 107,571 24,847
Cash at bank and in hand: 15,027 938
Total current assets: 122,598 25,785
Creditors: amounts falling due within one year: 5 ( 119,766 ) ( 19,491 )
Net current assets (liabilities): 2,832 6,294
Total assets less current liabilities: 2,945 6,463
Creditors: amounts falling due after more than one year: 6 ( 6,458 ) ( 6,458 )
Provision for liabilities: 0
Total net assets (liabilities): (3,513) 5
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (3,514 ) 4
Total Shareholders' funds: ( 3,513 ) 5

The notes form part of these financial statements

ECHAD SERVICES LIMITED

Balance sheet statements

For the year ending 31 August 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.

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

This report was approved by the board of directors on 1 November 2019
and signed on behalf of the board by:

Name: Mr Patrick Zimba
Status: Director

The notes form part of these financial statements

ECHAD SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

  • 1. Accounting policies

    Basis of measurement and preparation

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

ECHAD SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

  • 2. Employees

    2019 2018
    Average number of employees during the period 13 5

    Average number of employees, including directors, during the year was 13 (2018 : 5)

ECHAD SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2018 225 225
Additions
Disposals
Revaluations
Transfers
At 31 August 2019 225 225
Depreciation
At 1 September 2018 56 56
Charge for year
On disposals
Other adjustments 56 56
At 31 August 2019 112 112
Net book value
At 31 August 2019 113 113
At 31 August 2018 169 169

ECHAD SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

4. Debtors

2019 2018
£ £
Trade debtors 2,531
Prepayments and accrued income 43,614 19,653
Other debtors 61,426 5,194
Total 107,571 24,847
Debtors due after more than one year: 107,571 24,847

ECHAD SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

5. Creditors: amounts falling due within one year note

2019 2018
£ £
Bank loans and overdrafts 1,029
Taxation and social security 118,454 16,820
Other creditors 283 2,671
Total 119,766 19,491

ECHAD SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

6. Creditors: amounts falling due after more than one year note

2019 2018
£ £
Amounts due under finance leases and hire purchase contracts 6,458 6,458
Total 6,458 6,458