Abbreviated Company Accounts - ECO-OPTIONS LIMITED

Abbreviated Company Accounts - ECO-OPTIONS LIMITED


Registered Number 06847324

ECO-OPTIONS LIMITED

Abbreviated Accounts

31 March 2016

ECO-OPTIONS LIMITED Registered Number 06847324

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 400 534
400 534
Current assets
Debtors 13,220 29,198
Cash at bank and in hand 93,898 97,476
107,118 126,674
Creditors: amounts falling due within one year (45,081) (87,229)
Net current assets (liabilities) 62,037 39,445
Total assets less current liabilities 62,437 39,979
Total net assets (liabilities) 62,437 39,979
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 62,436 39,978
Shareholders' funds 62,437 39,979
  • 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 January 2017

And signed on their behalf by:
S F S Coles, Director

ECO-OPTIONS LIMITED Registered Number 06847324

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year,
exclusive of Value Added Tax.

Tangible assets depreciation policy
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows:
Plant & Machinery - 25% Redicing Balance
Equipment - 33% Stright Line

Other accounting policies
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at
the rate of exchange ruling at the date of the transaction. Exchange differences are taken into
account in arriving at the operating profit.

2Tangible fixed assets
£
Cost
At 1 April 2015 8,213
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 8,213
Depreciation
At 1 April 2015 7,679
Charge for the year 134
On disposals -
At 31 March 2016 7,813
Net book values
At 31 March 2016 400
At 31 March 2015 534
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1 Ordinary shares of £1 each 1 1