Encore Catalogue Group Limited

ENCORE CATALOGUE GROUP LIMITED - Company Information

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Registered number: 07406231

Abbreviated accounts

For The Year Ended 31 March 2015

Advantage ATO

136 Elliott Street

Tyldesley

Greater Manchester

M29 8FJ

Encore Catalogue Group Limited

Company No. 07406231

Abbreviated Balance Sheet 31 March 2015

Abbreviated Balance Sheet

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	3		287		-

			287		-
CURRENT ASSETS
Debtors	4	55,752		22,739
Cash at bank and in hand		1		-

		55,753		22,739
Creditors: Amounts Falling Due Within One Year		(93,991)		(70,324)

NET CURRENT ASSETS (LIABILITIES)			(38,238)		(47,585)

TOTAL ASSETS LESS CURRENT LIABILITIES			(37,951)		(47,585)

NET ASSETS			(37,951)		(47,585)

CAPITAL AND RESERVES
Called up share capital	5		1		1
Profit and Loss account			(37,952)		(47,586)

SHAREHOLDERS' FUNDS			(37,951)		(47,585)

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Encore Catalogue Group Limited

Company No. 07406231

Abbreviated Balance Sheet (continued) 31 March 2015

For the year ending 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Gavin Page

14/10/2015

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Encore Catalogue Group Limited

Notes to the Abbreviated Accounts

For The Year Ended 31 March 2015

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going Concern Disclosure

At the balance sheet date the company had net current liabilities. The director has reviewed the future trading of the business and therefore considers that there are no material future uncertainties to report. The company is fully supported by the director and continues to operate within its agreed banking facility. On this basis the director considers it appropriate to prepare these accounts on a going concern basis.

Turnover

Turnover comprises the invoiced value of gift catalogues distributed and supplied by the company, net of Value Added Tax and trade discounts.

Research and Development

Expenditure on research and development is written off in the year it is incurred, except where the directors are satisfied that development expenditure incurred on an individual project is carried forward as permitted by SSAP13 when its future recoverability can be regarded as assured. The expenditure carried forward is treated as an intangible fixed asset and amortised over its estimated economic life of 3 Years so as to match the expenditure with the anticipated sales from the related project. Provision is made for any impairment.

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33.3% Straight Line Method

Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

Financial instruments

Financial liabilities and equity instruments are classified in accordance to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included within the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.Where the contractual terms of the share capital do not have any terms meeting the definition of a financial liability then this is classified as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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Encore Catalogue Group Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2015

Intangible Assets


	Total
Cost	£
As at 1 April 2014	33,450

As at 31 March 2015	33,450

Amortisation
As at 1 April 2014	33,450

As at 31 March 2015	33,450

Net Book Value
As at 31 March 2015	-

As at 1 April 2014	-

Tangible Assets


	Total
Cost	£
As at 1 April 2014	1,215
Additions	431

As at 31 March 2015	1,646

Depreciation
As at 1 April 2014	1,215
Provided during the period	144

As at 31 March 2015	1,359

Net Book Value
As at 31 March 2015	287

As at 1 April 2014	-

Debtors

Debtors include an amount of £ 5,309 (2014 - £ - ) falling due after more than one year.

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid:	£		£	£
Ordinary shares	1.000	1	1	1

Page 4

Encore Catalogue Group Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2015

Transactions With and Loans to Directors

Included within Debtors is the following loan to the director:

	As at 1 April 2014	Amounts advanced	Amounts repaid	As at 31 March 2015
	£	£	£	£
Mr Gavin Page	6,014	15,221	-	21,235

The above loan is unsecured, interest free and repayable on demand.

Page 5