Ecs Transport & Repair Ltd - Period Ending 2016-05-31

ECS TRANSPORT & REPAIR LTD - Company Information

Registration number: 07571789

Ecs Transport & Repair Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016

Ecs Transport & Repair Ltd

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ecs Transport & Repair Ltd
for the Year Ended 31 May 2016

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

This report is made solely to the Board of Directors of Ecs Transport & Repair Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ecs Transport & Repair Ltd and state those matters that we have agreed to state to them, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ecs Transport & Repair Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ecs Transport & Repair Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ecs Transport & Repair Ltd. You consider that Ecs Transport & Repair Ltd 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 Ecs Transport & Repair Ltd. 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.

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

MPH Accountancy
9a Westgate
Patrington
East Yorkshire
HU12 0NA

26 February 2017

Page 1

Ecs Transport & Repair Ltd

(Registration number: 07571789)
Abbreviated Balance Sheet as at 31 May 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets		52,738	51,514
Current assets
Stocks		1,910	7,460
Debtors		151,945	139,759
Cash at bank and in hand		(72,264)	(64,889)
		81,591	82,330
Creditors: Amounts falling due within one year		(101,214)	(108,840)
Net current liabilities		(19,623)	(26,510)
Net assets		33,115	25,004
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		33,113	25,002
Shareholders' funds		33,115	25,004

For the year ending 31 May 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 26 February 2017 and signed on its behalf by:

.........................................
Mr Shaun Mills
Director

.........................................
Mrs Pamela Jean Mills
Company secretary and director

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

Ecs Transport & Repair Ltd

Notes to the Abbreviated Accounts

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.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

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

Asset class	Depreciation method and rate
Plant and machinery etc	25% and 20% on reducing balance

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.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 June 2015	78,348	78,348
Additions	11,526	11,526
At 31 May 2016	89,874	89,874
Depreciation
At 1 June 2015	26,834	26,834
Charge for the year	10,302	10,302
At 31 May 2016	37,136	37,136
Net book value
At 31 May 2016	52,738	52,738
At 31 May 2015	51,514	51,514

Page 3

Ecs Transport & Repair Ltd

Notes to the Abbreviated Accounts

3	Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 4