Abbreviated Company Accounts - E.TC3 LIMITED

04452675 E.TC3 LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 04452675 2014-08-01 2015-07-31 04452675 2015-07-31 04452675 2014-07-31 04452675 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 04452675 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:Director3 2014-07-31 uk-gaap-cd-bus:Director4 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director4 2015-07-31 uk-gaap-cd-bus:Director4 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 04452675

E.TC3 LIMITED

Abbreviated Accounts

31 July 2015

E.TC3 LIMITED Registered Number 04452675

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	3,287	1,393
		3,287	1,393
Current assets
Debtors		125,343	67,111
Cash at bank and in hand		2,547	14,361
		127,890	81,472
Creditors: amounts falling due within one year		(55,175)	(23,933)
Net current assets (liabilities)		72,715	57,539
Total assets less current liabilities		76,002	58,932
Provisions for liabilities		(625)	(239)
Total net assets (liabilities)		75,377	58,693
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		75,277	58,593
Shareholders' funds		75,377	58,693

For the year ending 31 July 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 25 April 2016

And signed on their behalf by:
Dr S N Gregory, Director

E.TC3 LIMITED Registered Number 04452675

Notes to the Abbreviated Accounts for the period ended 31 July 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 the total value of goods, excluding value added tax, provided to
customers during the year, plus the value of work, excluding value added tax, performed
during the year with respect to services.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each
asset over its expected useful life, as follows:
Fixtures, fittings
and equipment - 25% straight line

Other accounting policies
Deferred taxation
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 have occurred at that date
that will result in an obligation to pay more, or a right to pay less or to receive more, tax.
Deferred tax is measured on an undiscounted basis at the rates that are expected to apply in
the periods in which timing differences reverse, based upon tax rates and laws enacted or
substantially enacted at the balance sheet date.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling
at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies
are recorded at the date of the transactions. All differences are taken to the Profit and Loss
account.

2Intangible fixed assets

	£
Cost
At 1 August 2014	15,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	15,000
Amortisation
At 1 August 2014	15,000
Charge for the year	-
On disposals	-
At 31 July 2015	15,000
Net book values
At 31 July 2015	0
At 31 July 2014	0

3Tangible fixed assets

	£
Cost
At 1 August 2014	6,205
Additions	3,258
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	9,463
Depreciation
At 1 August 2014	4,812
Charge for the year	1,364
On disposals	-
At 31 July 2015	6,176
Net book values
At 31 July 2015	3,287
At 31 July 2014	1,393

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

5Transactions with directors

Name of director receiving advance or credit:	Dr S N Gregory
Description of the transaction:	Advances to director
Balance at 1 August 2014:	£ 48,029
Advances or credits made:	£ 62,275
Advances or credits repaid:	£ 48,029
Balance at 31 July 2015:	£ 62,275

Name of director receiving advance or credit:	Mrs A J Gregory
Description of the transaction:	Advances to director
Balance at 1 August 2014:	£ 12,007
Advances or credits made:	£ 15,569
Advances or credits repaid:	£ 12,007
Balance at 31 July 2015:	£ 15,569

Interest of £2,537(2013 - £2,492) was paid in respect of this loan at the official interest rate.