| EABT Limited |
| Registered number: |
08328153 |
| Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
- |
|
|
550,000 |
|
| Current assets |
| Debtors |
3 |
|
275,002 |
|
|
1,068 |
| Cash at bank and in hand |
|
|
1,179 |
|
|
5,310 |
|
|
|
276,181 |
|
|
6,378 |
|
| Creditors: amounts falling due within one year |
4 |
|
(139,089) |
|
|
(373,345) |
|
| Net current assets/(liabilities) |
|
|
|
137,092 |
|
|
(366,967) |
|
| Total assets less current liabilities |
|
|
|
137,092 |
|
|
183,033 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
- |
|
|
(18,935) |
|
|
|
| Net assets |
|
|
|
137,092 |
|
|
164,098 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Revaluation reserve |
6 |
|
|
- |
|
|
49,681 |
| Profit and loss account |
|
|
|
137,090 |
|
|
114,415 |
|
| Shareholders' funds |
|
|
|
137,092 |
|
|
164,098 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Piers Bingley |
| Director |
| Approved by the board on 6 December 2016 |
|
| EABT Limited |
| Notes to the Accounts |
| for the year ended 31 March 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as below. The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
|
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 April 2015 |
550,000 |
|
Disposals |
(550,000) |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
- |
|
At 31 March 2015 |
550,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2016 |
|
2015 |
| £ |
£ |
|
Historical cost |
500,319 |
|
500,319 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
500,319 |
|
500,319 |
|
|
|
|
|
|
|
|
|
|
Property assets are valued annually at open market value by the directors, in consultation with local property experts. |
|
|
| 3 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Other debtors |
275,002 |
|
1,068 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
275,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Bank loans and overdrafts |
- |
|
372,345 |
|
Corporation tax |
4,317 |
|
- |
|
Other creditors |
134,772 |
|
1,000 |
|
|
|
|
|
|
139,089 |
|
373,345 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
- |
|
18,935 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2016 |
|
2015 |
| £ |
£ |
|
|
At 1 April 2015 |
49,681 |
|
- |
|
(Loss)/gain on revaluation of land and buildings |
(49,681) |
|
49,681 |
|
|
At 31 March 2016 |
- |
|
49,681 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
EABT Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 5 |
|
3 Eastfields Avenue |
|
Wandsworth |
|
London |
|
SW18 1GN |
