Abbreviated Company Accounts - EURO CONTROL PANEL SPECIALISTS LIMITED

EURO CONTROL PANEL SPECIALISTS LIMITED - Company Information

NI033606 EURO CONTROL PANEL SPECIALISTS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true NI033606 2014-04-01 2015-03-31 NI033606 2015-03-31 NI033606 2014-03-31 NI033606 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 NI033606 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number NI033606

EURO CONTROL PANEL SPECIALISTS LIMITED

Abbreviated Accounts

31 March 2015

EURO CONTROL PANEL SPECIALISTS LIMITED Registered Number NI033606

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	13,279	14,069
		13,279	14,069
Current assets
Stocks		72,120	34,150
Debtors		26,603	85,065
Cash at bank and in hand		59,967	10,922
		158,690	130,137
Creditors: amounts falling due within one year		(169,475)	(137,708)
Net current assets (liabilities)		(10,785)	(7,571)
Total assets less current liabilities		2,494	6,498
Total net assets (liabilities)		2,494	6,498
Capital and reserves
Called up share capital	3	3,334	3,334
Profit and loss account		(840)	3,164
Shareholders' funds		2,494	6,498

For the year ending 31 March 2015 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 6 August 2015

And signed on their behalf by:
Michael Doherty, Director
Hugh Doherty, Director

EURO CONTROL PANEL SPECIALISTS LIMITED Registered Number NI033606

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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
Turnover represents the total invoice value, excluding value added tax, of sales made during the year

Tangible assets depreciation policy
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 residual value of each asset over its expected useful life, as follows:-
Land and Buildings - Straight Line over fifty years.
Fixtures Fittings & Equipment - 10% Reducing Balance

Other accounting policies
Related Party Transactions - At 31st March 2015 Euro Control Panel Specialists Limited owed Electrical Control Instrument Services Limited £41,792 (2014 - £19,299). Both Michael Doherty and Hugh Doherty are directors and shareholders in the company. Euro Control Panel Specialists Limited have same directors as Electrical Control Instrument Services Limited.

Controlling Interest - The ultimate control of the company lies with the directors

2Tangible fixed assets

	£
Cost
At 1 April 2014	42,992
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	42,992
Depreciation
At 1 April 2014	28,923
Charge for the year	790
On disposals	-
At 31 March 2015	29,713
Net book values
At 31 March 2015	13,279
At 31 March 2014	14,069

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
3,334 Ordinary shares of £1 each	3,334	3,334