Abbreviated Company Accounts - EK HIRE / FRANCHISE LTD

EK HIRE / FRANCHISE LTD - Company Information

Registered Number SC316185

EK HIRE / FRANCHISE LTD

Abbreviated Accounts

29 February 2016

EK HIRE / FRANCHISE LTD Registered Number SC316185

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	5,585	13,493
		5,585	13,493
Current assets
Debtors		739	-
Cash at bank and in hand		200	2,479
		939	2,479
Creditors: amounts falling due within one year		(34,517)	(27,867)
Net current assets (liabilities)		(33,578)	(25,388)
Total assets less current liabilities		(27,993)	(11,895)
Total net assets (liabilities)		(27,993)	(11,895)
Capital and reserves
Called up share capital		4	4
Profit and loss account		(27,997)	(11,899)
Shareholders' funds		(27,993)	(11,895)

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 November 2016

And signed on their behalf by:
Rebekah Brine, Director

EK HIRE / FRANCHISE LTD Registered Number SC316185

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
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:

Equipment - 20% Straight Line

Other accounting policies
Going Concern
The company made a loss for the year of £16,098 (2015 - £11,440).

The directors consider that, despite the balance sheet deficit of £27,993 (2015 - £11,895) the going concern basis is still applicable for the preparation of the financial statements as the ability of the company to continue to trade is dependant on the support of the directors and the company's bankers.

Related Party Transactions
The company was under the control of the shareholders throughout the current and previous year.

No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities (effective January 2015).

2Tangible fixed assets

	£
Cost
At 1 March 2015	39,544
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	39,544
Depreciation
At 1 March 2015	26,051
Charge for the year	7,908
On disposals	-
At 29 February 2016	33,959
Net book values
At 29 February 2016	5,585
At 28 February 2015	13,493

All fixed assets are initially recorded at cost.