Eustace Communications Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC223819 (Scotland)

Abbreviated Accounts For The Year Ended 31 March 2015

for

Eustace Communications Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D R Eustace

SECRETARY:

M F Kellaway

REGISTERED OFFICE:

13 Mayfield Gardens

Newington

Edinburgh

EH9 2AX

REGISTERED NUMBER:

SC223819 (Scotland)

ACCOUNTANTS:

Robb Ferguson

Chartered Accountants

5 Oswald Street

Glasgow

G1 4QR

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

9,240

24,989

9,240

24,989

CURRENT ASSETS

Debtors

33,123

8,733

Cash at bank and in hand

2,871

86,721

35,994

95,454

CREDITORS

Amounts falling due within one year

31,628

81,267

NET CURRENT ASSETS

4,366

14,187

TOTAL ASSETS LESS CURRENT LIABILITIES

13,606

39,176

PROVISIONS FOR LIABILITIES

1,742

2,095

NET ASSETS

11,864

37,081

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

11,764

36,981

SHAREHOLDERS' FUNDS

11,864

37,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 15 December 2015 and were signed by:

D R Eustace - 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 is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the

goods are physically delivered to the customer. Where payments are received from customers in advance of

services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one

year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of this business, has been fully amortised

over its useful life.

Tangible fixed assets

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

Land and buildings

-

Straight line over 50 years

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

sheet date where transactions or events that result in an obligation to pay more tax in the future, or a right to pay

less tax in the future, have occurred at the balance sheet date. Timing differences are differences between the

Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains

or losses in tax assessments in periods different from those in which they are recognised in the financial

statements. Deferred tax assets are recognised to the extent they are recoverable and where future taxable profits

are anticipated.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted

by the balance sheet date. Deferred tax is measured on a non-discounted basis.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

30,000

AMORTISATION

At 1 April 2014

and 31 March 2015

30,000

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

47,704

Additions

1,200

Disposals

(14,754

)

At 31 March 2015

34,150

DEPRECIATION

At 1 April 2014

22,715

Charge for year

3,080

Eliminated on disposal

(885

)

At 31 March 2015

24,910

NET BOOK VALUE

At 31 March 2015

9,240

At 31 March 2014

24,989

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100