ECHO_FOX_LIMITED - Accounts

ECHO FOX LIMITED

CONTENTS

Page

Abbreviated balance sheet

1

Notes to the abbreviated accounts

2 - 3

ECHO FOX LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

£

Fixed assets

Tangible assets

2

15,252

17,047

Current assets

Debtors

3,203

11,710

Cash at bank and in hand

2,022

360

5,225

12,070

Creditors: amounts falling due within one year

(4,655)

(7,608)

Net current assets

570

4,462

Total assets less current liabilities

15,822

21,509

Capital and reserves

Called up share capital

3

1

Profit and loss account

15,821

21,508

Shareholders' funds

15,822

21,509

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 21 June 2016

E Freitas

Director

Company Registration No. 04895625

ECHO FOX LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 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 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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. 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.

Income and included as part of Creditors due within one year.

Turnover also represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

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:

Plant and machinery

25% on cost

Computer equipment

33% on cost

No depreciation is charged on assets under development until the asset is completed.

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

ECHO FOX LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

2

Fixed assets

Tangible assets

£

Cost

At 1 October 2014

54,540

Additions

11,929

Disposals

(3,245)

At 30 September 2015

63,224

Depreciation

At 1 October 2014

37,493

Charge for the year

10,479

At 30 September 2015

47,972

Net book value

At 30 September 2015

15,252

At 30 September 2014

17,047

3

Share capital

2015

2014

£

Allotted, called up and fully paid

1 Ordinary of £1 each

1