Eradibac Limited Small abbreviated accounts

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COMPANY REGISTRATION NUMBER 04675352

ERADIBAC LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

31 December 2015

ERADIBAC LIMITED

ABBREVIATED BALANCE SHEET

31 December 2015

	2015	2014
Note	£	£	£
FIXED ASSETS	2
Tangible assets		126	2,173
		----	------

CURRENT ASSETS

Stocks	1,019		1,019
Debtors	15,589		9,223
Cash at bank and in hand	15,269		88,826
	-------		-------
	31,877		99,068
CREDITORS: Amounts falling due within one year	9,242		9,967
	-------		-------
NET CURRENT ASSETS		22,635	89,101
		-------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES		22,761	91,274
		-------	-------

CAPITAL AND RESERVES

Called up equity share capital	3		100	100
Profit and loss account		22,661	91,174
		-------	-------
SHAREHOLDERS' FUNDS		22,761	91,274
		-------	-------

For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 16 August 2016 , and are signed on their behalf by:

Mr P Alexander Director

Company Registration Number: 04675352

ERADIBAC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 DECEMBER 2015

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor Vehicles-25% reducing balance

Equipment-33% 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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 January 2015	7,926
Additions	184
Disposals	( 6,667)
	------
At 31 December 2015	1,443
	------

DEPRECIATION

At 1 January 2015	5,753
Charge for year	122
On disposals	( 4,558)
	------
At 31 December 2015	1,317
	------

NET BOOK VALUE

At 31 December 2015	126
	----

At 31 December 2014	2,173
	------

3. SHARE CAPITAL

Allotted, called up and fully paid:

2015	2014
No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----