Abbreviated Company Accounts - E.T.C. SPORTS SURFACES LIMITED

Abbreviated Company Accounts - E.T.C. SPORTS SURFACES LIMITED

E.T.C. SPORTS SURFACES LIMITED - Company Information

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Registered Number 04216396

E.T.C. SPORTS SURFACES LIMITED

Abbreviated Accounts

31 May 2015

E.T.C. SPORTS SURFACES LIMITED Registered Number 04216396

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 123,889 103,109
123,889 103,109
Current assets
Stocks 35,000 135,000
Debtors 603,588 638,628
Cash at bank and in hand 15,012 49,444
653,600 823,072
Creditors: amounts falling due within one year (521,817) (731,357)
Net current assets (liabilities) 131,783 91,715
Total assets less current liabilities 255,672 194,824
Creditors: amounts falling due after more than one year (11,838) (7,775)
Total net assets (liabilities) 243,834 187,049
Capital and reserves
Called up share capital 100 100
Profit and loss account 243,734 186,949
Shareholders' funds 243,834 187,049
  • For the year ending 31 May 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 15 September 2015

And signed on their behalf by:
S WELLS, Director

E.T.C. SPORTS SURFACES LIMITED Registered Number 04216396

Notes to the Abbreviated Accounts for the period ended 31 May 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 net invoiced sales of goods and services, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided in order to write off the assets over their estimated useful life
Plant & Machinery - 15% on reducing balance
- 25% on reducing balance

2Tangible fixed assets
£
Cost
At 1 June 2014 185,841
Additions 59,348
Disposals (37,938)
Revaluations -
Transfers -
At 31 May 2015 207,251
Depreciation
At 1 June 2014 82,732
Charge for the year 26,567
On disposals (25,937)
At 31 May 2015 83,362
Net book values
At 31 May 2015 123,889
At 31 May 2014 103,109