EALC_LTD - Accounts

EALC_LTD - Accounts

EALC LTD - Company Information

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Company Registration No. 02997837 (England and Wales)
EALC LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
EALC LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
EALC LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,128
1,683
Investments
2
2,216
2,216
3,344
3,899
Current assets
Debtors
167,880
152,193
167,880
152,193
Creditors: amounts falling due within one year
(139,326)
(129,558)
Net current assets
28,554
22,635
Total assets less current liabilities
31,898
26,534
Capital and reserves
Called up share capital
3
87,000
87,000
Profit and loss account
(55,102)
(60,466)
Shareholders'  funds
31,898
26,534
For the financial year 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 year 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 27 May 2016
K J Earthrowl
A La Pietra
Director
Director
Company Registration No. 02997837
EALC LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
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 January 2015).

These accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.
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
33% on reducing balance
Fixtures, fittings & equipment
33% on reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
EALC LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 January 2015 & at 31 December 2015
80,465
2,216
82,681
Depreciation
At 1 January 2015
78,782
-
78,782
Charge for the year
555
-
555
At 31 December 2015
79,337
-
79,337
Net book value
At 31 December 2015
1,128
2,216
3,344
At 31 December 2014
1,683
2,216
3,899
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
EALC Inspections Limited
England
Ordinary
51.00
TLA Underwriting Limited
England
Ordinary
100.00
SRP Edwards & Co. Limited
England
Ordinary
20.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
EALC Inspections Limited
Dormant
-
-
TLA Underwriting Limited
Dormant
-
-
SRP Edwards & Co. Limited
Underwriters
63,355
2,452
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
87,000 Ordinary Shares of £1 each
87,000
87,000
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