Elastomeric Roofing Products Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01894778 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

ELASTOMERIC ROOFING PRODUCTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

G B Dilworth

Mrs C A Sinclair

P Dilworth

SECRETARY:

Mrs C A Sinclair

REGISTERED OFFICE:

Rascon House

61B Brighton Road

Southport

Merseyside

PR8 4DD

REGISTERED NUMBER:

01894778 (England and Wales)

ACCOUNTANTS:

Beaumont & Co

Suite 5

Martland Mill

Mart Lane

Burscough

Lancashire

L40 0SD

FIXED ASSETS

Tangible assets

2

3,297

3,830

CURRENT ASSETS

Debtors

150,531

327,707

Cash at bank and in hand

21,198

18,219

171,729

345,926

CREDITORS

Amounts falling due within one year

222,837

405,194

NET CURRENT LIABILITIES

(51,108

)

(59,268

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(47,811

)

(55,438

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(47,911

)

(55,538

)

SHAREHOLDERS' FUNDS

(47,811

)

(55,438

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 December 2016 and were signed on its behalf
by:

P Dilworth - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

31,385

DEPRECIATION

At 1 June 2015

27,555

Charge for year

533

At 31 May 2016

28,088

NET BOOK VALUE

At 31 May 2016

3,297

At 31 May 2015

3,830

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

100

Ordinary

£1

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.