Abbreviated Company Accounts - ENVIRONMENTAL GAIN LIMITED

ENVIRONMENTAL GAIN LIMITED - Company Information

04786703 ENVIRONMENTAL GAIN LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 04786703 2015-01-01 2015-12-31 04786703 2015-12-31 04786703 2014-12-31 04786703 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 04786703 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 04786703

ENVIRONMENTAL GAIN LIMITED

Abbreviated Accounts

31 December 2015

ENVIRONMENTAL GAIN LIMITED Registered Number 04786703

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	34,042	25,470
		34,042	25,470
Current assets
Debtors		109,064	154,894
Cash at bank and in hand		145,631	213,355
		254,695	368,249
Creditors: amounts falling due within one year		(50,828)	(110,303)
Net current assets (liabilities)		203,867	257,946
Total assets less current liabilities		237,909	283,416
Total net assets (liabilities)		237,909	283,416
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		237,907	283,414
Shareholders' funds		237,909	283,416

For the year ending 31 December 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 18 April 2016

And signed on their behalf by:
N K Wood, Director

ENVIRONMENTAL GAIN LIMITED Registered Number 04786703

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

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

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 January 2015	49,519
Additions	15,135
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	64,654
Depreciation
At 1 January 2015	24,049
Charge for the year	6,563
On disposals	-
At 31 December 2015	30,612
Net book values
At 31 December 2015	34,042
At 31 December 2014	25,470

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2