E1 FINANCE DIRECT LTD |
Registered number: |
04892542 |
Abbreviated Balance Sheet |
as at 31 December 2015 |
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
68,057 |
|
|
70,162 |
|
Current assets |
Debtors |
|
|
15,403 |
|
|
17,898 |
Cash at bank and in hand |
|
|
64 |
|
|
- |
|
|
|
15,467 |
|
|
17,898 |
|
Creditors: amounts falling due within one year |
|
|
(114,495) |
|
|
(122,435) |
|
Net current liabilities |
|
|
|
(99,028) |
|
|
(104,537) |
|
Net liabilities |
|
|
|
(30,971) |
|
|
(34,375) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
8,000 |
|
|
8,000 |
Profit and loss account |
|
|
|
(38,971) |
|
|
(42,375) |
|
Shareholders' funds |
|
|
|
(30,971) |
|
|
(34,375) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
MIKE POLLARD |
Director |
Approved by the board on 31 March 2016 |
|
E1 FINANCE DIRECT LTD |
Notes to the Abbreviated Accounts |
for the year ended 31 December 2015 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
3% reducing balance |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
124,796 |
|
At 31 December 2015 |
124,796 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
54,634 |
|
Charge for the year |
2,105 |
|
At 31 December 2015 |
56,739 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
68,057 |
|
At 31 December 2014 |
70,162 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
8,000 |
|
8,000 |
|
|
|
|
|
|
|
|
|