Elrick Drainage Contractors Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02018368 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2014

FOR

ELRICK DRAINAGE CONTRACTORS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Elrick Drainage Contractors Limited for the year ended 30th September 2014 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Elrick Drainage Contractors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elrick Drainage Contractors Limited and state those matters that we have agreed to state to the director of Elrick Drainage Contractors Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Elrick Drainage Contractors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Elrick Drainage Contractors Limited. You consider that Elrick Drainage Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elrick Drainage Contractors

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

J.H. Greenwood & Company

Chartered Accountants

Ava Lodge Castle Terrace

Berwick Upon Tweed

Northumberland

TD15 1NP

25th June 2015

Page

Chartered Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

CURRENT ASSETS

Debtors

99,272

114,374

Cash at bank

20,950

124,820

120,222

239,194

CREDITORS

Amounts falling due within one year

16,533

31,436

NET CURRENT ASSETS

103,689

207,758

TOTAL ASSETS LESS CURRENT LIABILITIES

103,689

207,758

CAPITAL AND RESERVES

Called up share capital

2

15,000

15,000

Profit and loss account

88,689

192,758

SHAREHOLDERS' FUNDS

103,689

207,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 25th June 2015 and were signed by:

D Bowie - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

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

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

15,000

Ordinary

£1

15,000

15,000

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2014 and

30th September 2013:

2014

2013

£

£

D Bowie

Balance outstanding at start of year

23,636

(19,257

)

Amounts advanced

115,165

88,893

Amounts repaid

(40,000

)

(46,000

)

Balance outstanding at end of year

98,801

23,636

Interest at the rate of 3.25% per annum, amounting to £2,154 (2013 - £380) was charged on the above loan.