Abbreviated Company Accounts - ELITE AUTOMATION CONSULTANTS LIMITED

Abbreviated Company Accounts - ELITE AUTOMATION CONSULTANTS LIMITED


Registered Number 06494458

ELITE AUTOMATION CONSULTANTS LIMITED

Abbreviated Accounts

31 March 2015

ELITE AUTOMATION CONSULTANTS LIMITED Registered Number 06494458

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,433 3,244
2,433 3,244
Current assets
Debtors 34,420 3,000
Investments - 20,000
Cash at bank and in hand 72,432 92,321
106,852 115,321
Creditors: amounts falling due within one year (17,612) (29,804)
Net current assets (liabilities) 89,240 85,517
Total assets less current liabilities 91,673 88,761
Total net assets (liabilities) 91,673 88,761
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 91,672 88,760
Shareholders' funds 91,673 88,761
  • 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 1 October 2015

And signed on their behalf by:
S Krishnan, Director

ELITE AUTOMATION CONSULTANTS LIMITED Registered Number 06494458

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment:- 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2014 6,184
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 6,184
Depreciation
At 1 April 2014 2,940
Charge for the year 811
On disposals -
At 31 March 2015 3,751
Net book values
At 31 March 2015 2,433
At 31 March 2014 3,244
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1 A Ordinary shares of £1 each 1 1