Easitill Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02650982

Abbreviated Unaudited Accounts For The Year Ended 31 March 2016

for

Easitill Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R F Gardner

Ms H F Gardner

SECRETARIES:

Mr J N Rowles-Davies

Mrs M R B Gardner

REGISTERED OFFICE:

Ibex House

Ferro Fields

Scaldwell Road Industrial Estate

Brixworth

Northamptonshire

NN6 9UA

REGISTERED NUMBER:

02650982

ACCOUNTANTS:

Cochran, Harris & Clarke Ltd

7 Billing Road

Northampton

Northamptonshire

NN1 5AN

FIXED ASSETS

Tangible assets

2

13,048

20,625

CURRENT ASSETS

Stocks

27,565

24,111

Debtors

167,287

158,168

Cash at bank

71,940

30,792

266,792

213,071

CREDITORS

Amounts falling due within one year

246,288

210,391

NET CURRENT ASSETS

20,504

2,680

TOTAL ASSETS LESS CURRENT LIABILITIES

33,552

23,305

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

33,452

23,205

SHAREHOLDERS' FUNDS

33,552

23,305

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 directors acknowledge their 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 Board of Directors on 12 September 2016 and were signed on its behalf by:

Mr R F Gardner - 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 the invoiced value of goods and services sold, net of value added tax as adjusted for the

unexpired portion of software licence fees which represent software support services to be provided over the

term of the software licence.

Tangible fixed assets

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

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

36,684

DEPRECIATION

At 1 April 2015

16,059

Charge for year

7,577

At 31 March 2016

23,636

NET BOOK VALUE

At 31 March 2016

13,048

At 31 March 2015

20,625

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

75

Ordinary

£1

75

75

25

A Ordinary

£1

25

25

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the director has advanced monies to the company. At the balance sheet date the amount due to

the director is £291 (2015: £15,496). The loans are interest free and have no fixed repayment date.

The company has purchased services from the director amounting to £3,500 (2015: £3,500).

During the year the director has received dividends amounting to £18,500 (2015: £7,700).

5.	RELATED PARTY DISCLOSURES

During the year the company purchased goods and services amounting to £180,000 (2015: £180,000) from

Integrated Group Services Limited, a company registered in England and controlled by R F Gardner and his

family. At the balance sheet date the amount owed to Integrated Group Services Limited was £86,481 (2015:

£49,481).

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party, in this and the preceding year, is R F Gardner by reason of his own and family

interests in the share capital of the company