Ec-Ex Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03002134 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

EC-EX LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J G Grenville

J Hamilton

P M Leese

REGISTERED OFFICE:

Unit H

Venture House

Bone Lane

Newbury

Berkshire

RG14 5SH

REGISTERED NUMBER:

03002134 (England and Wales)

ACCOUNTANTS:

Griffins

Chartered Accountants

Griffins Court

24-32 London Road

NEWBURY

Berkshire

RG14 1JX

FIXED ASSETS

Tangible assets

2

33,202

14,207

Investments

3

2

33,204

14,209

CURRENT ASSETS

Stocks

2,500

Debtors

657,720

647,115

Cash at bank

107,031

410

767,251

650,025

CREDITORS

Amounts falling due within one year

4

568,517

445,654

NET CURRENT ASSETS

198,734

204,371

TOTAL ASSETS LESS CURRENT LIABILITIES

231,938

218,580

CREDITORS

Amounts falling due after more than one year

4

(7,781

)

-

PROVISIONS FOR LIABILITIES

(1,358

)

(823

)

NET ASSETS

222,799

217,757

CAPITAL AND RESERVES

Called up share capital

5

700

Profit and loss account

222,099

217,057

SHAREHOLDERS' FUNDS

222,799

217,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 29 June 2016 and were signed on its behalf by:

J G Grenville - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

Turnover

Turnover represents net invoices sales of goods/services, excluding value added tax.

Tangible fixed assets

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

Plant & machinery - 25% straight line

Computer equipment - 33% straight line

Fixtures & fittings - 25% straight line

Motor vehicles - 25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase

contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated

useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the

future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

175,944

Additions

37,789

Disposals

(14,851

)

At 30 September 2015

198,882

DEPRECIATION

At 1 October 2014

161,737

Charge for year

18,794

Eliminated on disposal

(14,851

)

At 30 September 2015

165,680

NET BOOK VALUE

At 30 September 2015

33,202

At 30 September 2014

14,207

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2014

and 30 September 2015

2

NET BOOK VALUE

At 30 September 2015

2

At 30 September 2014

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Nautilus Site Services Limited

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

30/9/15

30/9/14

£

Aggregate capital and reserves

2

4.

CREDITORS

Creditors include an amount of £ 11,763 (30/9/14 - £ 12,388 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/15

30/9/14

value:

£

700

Ordinary

£1

700

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors had the following loans outstanding from the company at the year end:

2015

2014

£

J Grenville

1,922

1,386

P Leese

64

7

J Hamilton

80

237