Abbreviated Company Accounts - ELDACOM LIMITED

02874963 ELDACOM LIMITED 2016-02-28 false 2015-03-01 2016-02-28 true 02874963 2015-03-01 2016-02-28 02874963 2016-02-28 02874963 2015-02-28 02874963 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 02874963 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 02874963

ELDACOM LIMITED

Abbreviated Accounts

28 February 2016

ELDACOM LIMITED Registered Number 02874963

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	22,512	27,051
		22,512	27,051
Current assets
Stocks		2,007	2,007
Debtors		8,935	12,456
Cash at bank and in hand		43,682	33,902
		54,624	48,365
Creditors: amounts falling due within one year		(71,652)	(67,393)
Net current assets (liabilities)		(17,028)	(19,028)
Total assets less current liabilities		5,484	8,023
Provisions for liabilities		(4,503)	(5,411)
Total net assets (liabilities)		981	2,612
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		979	2,610
Shareholders' funds		981	2,612

For the year ending 28 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 30 November 2016

And signed on their behalf by:
Neil Antony Edwards, Director

ELDACOM LIMITED Registered Number 02874963

Notes to the Abbreviated Accounts for the period ended 28 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
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Computer equipment 20% per annum on the reducing balance

Other accounting policies
Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on the selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax is recognised in respect of all timing differences that have originated but not yet reversed at the balance sheet date.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it’s liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they became payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 March 2015	59,557
Additions	1,088
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	60,645
Depreciation
At 1 March 2015	32,506
Charge for the year	5,627
On disposals	-
At 28 February 2016	38,133
Net book values
At 28 February 2016	22,512
At 28 February 2015	27,051

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2

The company is controlled by Mr N A Edmunds who owns all of the Company's issued share capital.