Ealing Electronics Limited - Period Ending 2016-03-31

Registration number: 04222455

 
  Ealing Electronics Limited
 
 
  Unaudited Abbreviated Accounts
 
 
  Year Ended 31 March 2016
 

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

Ealing Electronics Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4

Ealing Electronics Limited
  Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ealing Electronics Limited for the year ended 31 March 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .

This report is made solely to the Board of Directors of Ealing Electronics Limited , as a body, in accordance with the terms of our engagement letter dated 10 December 2008 . Our work has been undertaken solely to prepare for your approval the accounts of Ealing Electronics Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ealing Electronics Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ealing Electronics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ealing Electronics Limited. You consider that Ealing Electronics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ealing Electronics Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

14 December 2016

Page 1

Ealing Electronics Limited
Abbreviated Balance Sheet
31 March 2016

		Note			2016						2015
	£			£			£			£
Current assets
Stocks								5,648						5,515
Debtors								2,043						1,969
Cash at bank and in hand								4,796						5,633
								12,487						13,117
Creditors: Amounts falling due within one year								(290)						(646)
Net assets								12,197						12,471
Capital and reserves
Called up share capital		2			99						99
Profit and loss account					12,098						12,372
Shareholders' funds								12,197						12,471

  The notes on page 4 form an integral part of these financial statements.
  Page 2

Ealing Electronics Limited
Abbreviated Balance Sheet (continued)
31 March 2016

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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 14 December 2016 and signed on its behalf by:

.........................................
 J S Ling
 DirectorCompany registration number: 04222455
 

  The notes on page 4 form an integral part of these financial statements.
  Page 3

Ealing Electronics Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016

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.

Stock

Stock 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 selling price less anticipated costs to completion and selling costs.

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	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		99			99			99			99

Page 4