Eko Create UK Ltd - Period Ending 2016-03-31

Registration number: 08940408

Eko Create UK Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Ian Walker & Co.
Chartered Accountants
Heworth House
Melrosegate
Heworth
York
YO31 0RP

Eko Create UK Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Eko Create UK Ltd
(Registration number: 08940408)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets		2			20,000			30,000
Tangible fixed assets		2			19,588			12,996
					39,588			42,996
Current assets
Debtors					6,030			3,072
Cash at bank and in hand					129,462			77,854
					135,492			80,926
Creditors: Amounts falling due within one year					(161,281)			(118,775)
Net current liabilities					(25,789)			(37,849)
Total assets less current liabilities					13,799			5,147
Provisions for liabilities					(3,718)			(1,970)
Net assets					10,081			3,177
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					9,081			2,177
Shareholders' funds					10,081			3,177

For the year ending 31 March 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 notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Eko Create UK Ltd
(Registration number: 08940408)
Abbreviated Balance Sheet at 31 March 2016
......... continued

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 27 September 2016 and signed on its behalf by:

.........................................
Mr Daniel Taylor
Director

.........................................
Mr Andrew Watkins
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Eko Create UK Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful life as follows:

Asset class	Amortisation method and rate
Goodwill	25% straight line

Depreciation

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

Asset class	Depreciation method and rate
Office equipment	33% straight line
Motor vehicles	20% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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Eko Create UK Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

Financial instruments

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 its 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.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2015		40,000			24,323			64,323
Additions		-			17,844			17,844
At 31 March 2016		40,000			42,167			82,167
Depreciation
At 1 April 2015		10,000			11,327			21,327
Charge for the year		10,000			11,252			21,252
At 31 March 2016		20,000			22,579			42,579
Net book value
At 31 March 2016		20,000			19,588			39,588
At 31 March 2015		30,000			12,996			42,996

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
£1 Ordinary of £1 each		1,000			1,000			1,000			1,000

New shares allotted

During the year - having an aggregate nominal value of £nil were allotted for an aggregate consideration of £nil.

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