Eclipse (IP) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC334560 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Eclipse (IP) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N L C Alexander

Non-executive Directors Limited

S W Ripley

REGISTERED OFFICE:

AYEHouse

Admiralty Park

Dunfermline

Fife

KY11 2YW

REGISTERED NUMBER:

SC334560 (Scotland)

SOLICITORS:

Young & Partners LLP

1 George Square

Castle Brae

Dunfermline

Fife

KY11 8QF

FIXED ASSETS

Tangible assets

2

251,998

16,699

CURRENT ASSETS

Stocks

149,247

30,779

Debtors

249,648

388,812

Cash at bank

(40,185

)

5,775

358,710

425,366

CREDITORS

Amounts falling due within one year

424,020

398,689

NET CURRENT (LIABILITIES)/ASSETS

(65,310

)

26,677

TOTAL ASSETS LESS CURRENT LIABILITIES

186,688

43,376

PROVISIONS FOR LIABILITIES

2,047

2,047

NET ASSETS

184,641

41,329

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

184,541

41,229

SHAREHOLDERS' FUNDS

184,641

41,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 November 2015 and were signed on its behalf by:

S W Ripley - Director

N L C Alexander - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

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 items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

21,929

Additions

248,038

Disposals

(979

)

At 28 February 2015

268,988

DEPRECIATION

At 1 March 2014

5,230

Charge for year

11,760

At 28 February 2015

16,990

NET BOOK VALUE

At 28 February 2015

251,998

At 28 February 2014

16,699

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

100

Ordinary

1

100

100