East Coast Drains Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05846440 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

EAST COAST DRAINS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R A Hess

SECRETARY:

R A Hess

REGISTERED OFFICE:

Lothing House

7 Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

REGISTERED NUMBER:

05846440 (England and Wales)

ACCOUNTANTS:

Juler Tooke

Lothing House

Quay View Business Park

Barnards Way

Lowestoft

Suffolk

NR32 2HD

FIXED ASSETS

Intangible assets

2

17,500

19,250

Tangible assets

3

56,778

52,509

74,278

71,759

CURRENT ASSETS

Debtors

44,881

29,234

Cash at bank

59,463

71,345

104,344

100,579

CREDITORS

Amounts falling due within one year

(23,297

)

(27,287

)

NET CURRENT ASSETS

81,047

73,292

TOTAL ASSETS LESS CURRENT
LIABILITIES

155,325

145,051

PROVISIONS FOR LIABILITIES

(7,621

)

(6,205

)

NET ASSETS

147,704

138,846

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

147,604

138,746

SHAREHOLDERS' FUNDS

147,704

138,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 3 August 2016 and were signed by:

R A Hess - 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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance and 15% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

35,000

AMORTISATION

At 1 July 2015

15,750

Amortisation for year

1,750

At 30 June 2016

17,500

NET BOOK VALUE

At 30 June 2016

17,500

At 30 June 2015

19,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

102,611

Additions

37,935

Disposals

(49,616

)

At 30 June 2016

90,930

DEPRECIATION

At 1 July 2015

50,102

Charge for year

11,736

Eliminated on disposal

(27,686

)

At 30 June 2016

34,152

NET BOOK VALUE

At 30 June 2016

56,778

At 30 June 2015

52,509

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100