ENTIRE_COVER_LTD - Accounts

ENTIRE COVER LTD - Company Information

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Company Registration No. 09167204 (England and Wales)

ENTIRE COVER LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

LB GROUP

Onslow House

62 Broomfield Road

Chelmsford

Essex

CM1 1SW

ENTIRE COVER LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ENTIRE COVER LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

76,890

Current assets

Debtors

72,376

Cash at bank and in hand

40,743

113,119

Creditors: amounts falling due within one year

(158,881)

Net current liabilities

(45,762)

Total assets less current liabilities

31,128

Capital and reserves

Called up share capital

2,332

Share premium account

87,818

Profit and loss account

(59,022)

Shareholders' funds

31,128

For the financial period ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 April 2016

Mr C Hart

Director

Company Registration No. 09167204

ENTIRE COVER LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

5 years straight line

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.7

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

ENTIRE COVER LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 8 August 2014

Additions

88,494

At 31 December 2015

88,494

Depreciation

At 8 August 2014

Charge for the period

11,604

At 31 December 2015

11,604

Net book value

At 31 December 2015

76,890

Share capital

2015

Allotted, called up and fully paid

115 Ordinary A of £1 each

115

330 Ordinary B of £1 each

330

697 Ordinary C of £1 each

697

2,332

During the year the following class of shares were allotted and fully paid for cash consideration to provide additional working capital as follows:

115 Ordinary A Shares of £1 at a total premium of £4,885

330 Ordinary B Shares of £1 at a total premium of £13,670

697 Ordinary C Shares of £1 at a total premium of £19,453

1190 Ordinary D Shares of £1 at a total premium of £49,810