Easy Open Limited - Abbreviated accounts 16.1

Easy Open Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 04806881 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Easy Open Limited

Easy Open Limited (Registered number: 04806881)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Easy Open Limited

Company Information
for the Year Ended 31 March 2016







DIRECTOR: Mrs L M Bradley





SECRETARY: J H Carter





REGISTERED OFFICE: 65-67 High Street
Ibstock
Leicestershire
LE67 6LH





REGISTERED NUMBER: 04806881 (England and Wales)





ACCOUNTANTS: Carter & Co
19 Warren Park Way
Enderby
Leicester
LE19 4SA

Easy Open Limited (Registered number: 04806881)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 15,161 12,387

CURRENT ASSETS
Stocks 7,823 7,101
Debtors 92,510 114,378
Cash at bank 80,087 44,008
180,420 165,487
CREDITORS
Amounts falling due within one year 69,819 80,417
NET CURRENT ASSETS 110,601 85,070
TOTAL ASSETS LESS CURRENT LIABILITIES 125,762 97,457

CREDITORS
Amounts falling due after more than one
year

1,850

1,472
NET ASSETS 123,912 95,985

CAPITAL AND RESERVES
Called up share capital 3 1,100 1,100
Share premium 2,400 2,400
Profit and loss account 120,412 92,485
SHAREHOLDERS' FUNDS 123,912 95,985

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 her 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 12 May 2016 and were signed by:



Mrs L M Bradley - Director


Easy Open Limited (Registered number: 04806881)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

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

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under
finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of the future payments is treated as a liability.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 27,279
Additions 7,681
At 31 March 2016 34,960
DEPRECIATION
At 1 April 2015 14,892
Charge for year 4,907
At 31 March 2016 19,799
NET BOOK VALUE
At 31 March 2016 15,161
At 31 March 2015 12,387

Easy Open Limited (Registered number: 04806881)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary A £1 100 100
1,100 1,100