Abbreviated Company Accounts - ECONTRACTING LIMITED

ECONTRACTING LIMITED - Company Information

07027957 ECONTRACTING LIMITED 2014-10-31 false 2013-11-01 2014-10-31 true 07027957 2013-11-01 2014-10-31 07027957 2014-10-31 07027957 2013-10-31 07027957 uk-gaap-cd-bus:Director1 2013-11-01 2014-10-31 07027957 uk-gaap-cd-bus:Director2 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director3 2013-11-01 2014-10-31 uk-gaap-cd-bus:Director3 2014-10-31 uk-gaap-cd-bus:Director3 2013-10-31 iso4217:GBP shares

Registered Number 07027957

ECONTRACTING LIMITED

Abbreviated Accounts

31 October 2014

ECONTRACTING LIMITED Registered Number 07027957

Abbreviated Balance Sheet as at 31 October 2014

	2014	2013
	£	£
Called up share capital not paid	-	-
Fixed assets
Intangible assets	-	-
Tangible assets	-	-
Investments	-	-
	-	-
Current assets
Stocks	4,150	4,150
Cash at bank and in hand	150	150
	4,300	4,300
Prepayments and accrued income	-	-
Creditors: amounts falling due within one year	(4,250)	(4,250)
Net current assets (liabilities)	50	50
Total assets less current liabilities	50	50
Creditors: amounts falling due after more than one year	0	0
Provisions for liabilities	0	0
Accruals and deferred income	0	0
Total net assets (liabilities)	50	50
Capital and reserves
Called up share capital	50	50
Share premium account	0	0
Revaluation reserve	0	0
Other reserves	0	0
Profit and loss account	0	0
Shareholders' funds	50	50

For the year ending 31 October 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 July 2015

And signed on their behalf by:
Patrick Kitt, Director

ECONTRACTING LIMITED Registered Number 07027957

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the Profit & Loss account represents revenue recognised by the company in respects of goods and services supplied in the period exclusive of VAT and trade discounts

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts. Plant & machinery - 15% on cost, Fixtures & Fittings & 10% of cost, Motor vehicles at 25% of cost

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed 20 years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving objects. Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
Assets obtained under hire-purchase contracts or finance leases are capitalised in the balance sheet. Those held on Hire-purchase contracts are depreciated over their useful economic life. Those held on finance leases are depreciated over their economic life or the lease terms whichever is the shorter. The interest element of these obligations is charged to the profit & loss account over the relevant period. The capital element of the future payments is treated as a liability, Rentals paid under operating leases are charged to the profit & loss account on a straight line basis over the period of the lease. Research and development expenditure on research and development is written off in the year in which it is incurred. Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences when the timing differences will reverse and has not been discounted.

2Transactions with directors

Name of director receiving advance or credit:	Patrick Kitt
Description of the transaction:	Provision of Short term working capital
Balance at 1 November 2013:	£ 0
Advances or credits made:	£ 5,000
Advances or credits repaid:	£ 5,000
Balance at 31 October 2014:	£ 0