Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
EV-TECH SYSTEMS LIMITED
Company Registration Number:
06840528
(England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01 April 2015
End date: 31 March 2016
EV-TECH SYSTEMS LIMITED
Abbreviated Balance sheet
As at
Notes |
2016 £ |
2015 £ |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: | 2 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | 3 |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors: amounts falling due within one year: | 4 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Provision for liabilities: |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
EV-TECH SYSTEMS LIMITED
Balance sheet continued
As at 31 March 2016
Notes |
2016 £ |
2015 £ |
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| Capital and reserves | |||
| Called up share capital: | 5 |
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| Revaluation reserve: |
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| Profit and loss account: |
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| Shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
The notes form part of these financial statements
EV-TECH SYSTEMS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities 2015. Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following rates in order to write off each asset over its estimated useful life. Computer equipment and software - 25% on cost. Intangible fixed assets amortisation policy
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the asset on a straight line basis over the estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Valuation information and policy
Stocks and work0in-progress are valued at the lower of net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
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 those 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. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.
EV-TECH SYSTEMS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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2. Tangible assets
Total Cost £ 01 April 2015: 3,436 Additions: 587 Disposals: 0 Revaluations: 0 Transfers: 0 31 March 2016: 4,023 Depreciation 01 April 2015: 2,233 Charge for year: 552 On disposals: 0 Other adjustments: 0 31 March 2016: 2,785 Net book value 31 March 2016: 1,238 31 March 2015: 1,203
EV-TECH SYSTEMS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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3. Debtors
2016
£
2015
£Trade debtors: 8,900 4,184 Prepayments and accrued income: 0 0 Other debtors: 0 0 Total: 8,900 4,184
EV-TECH SYSTEMS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 31 March 2016
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4. Creditors: amounts falling due within one year
2016
£
2015
£Bank loans and overdrafts: 0 0 Amounts due under finance leases and hire purchase contracts: 0 0 Trade creditors: 0 0 Taxation and social security: 3,342 2,213 Accruals and deferred income: 0 0 Other creditors: 21,432 8,065 Total: 24,774 10,278