Eolas Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC445204 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Eolas Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Robertson

REGISTERED OFFICE:

Craighaven

Craigmill

Blairgowrie

Perthshire

PH10 7HY

REGISTERED NUMBER:

SC445204 (Scotland)

ACCOUNTANTS:

SJD Accountancy Scotland

First Floor

31 Palmerston Place

Edinburgh

EH12 5AP

FIXED ASSETS

Tangible assets

2

1,192

1,742

CURRENT ASSETS

Debtors

6,130

15,099

Cash at bank

10,010

1,152

16,140

16,251

CREDITORS

Amounts falling due within one year

17,238

17,942

NET CURRENT LIABILITIES

(1,098

)

(1,691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

94

51

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

84

41

SHAREHOLDERS' FUNDS

94

51

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 10 August 2016 and were signed by:

Mr M Robertson - 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 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 and machinery etc

-

25% straight line on cost

DEFERRED TAX

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

2,200

DEPRECIATION

At 1 April 2015

458

Charge for year

550

At 31 March 2016

1,008

NET BOOK VALUE

At 31 March 2016

1,192

At 31 March 2015

1,742

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

10

Ordinary

£1

10

10

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES