Economic Energy (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07641992 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE 2016

FOR

ECONOMIC ENERGY (UK) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Carden

REGISTERED OFFICE:

c/o Barringtons Limited

41 Cheshire Street

Market Drayton

Shropshire

TF9 1PH

REGISTERED NUMBER:

07641992 (England and Wales)

ACCOUNTANTS:

Barringtons Limited

41 Cheshire Street

Market Drayton

Shropshire

TF9 1PH

CURRENT ASSETS

Debtors

51,415

10,130

Cash at bank

8,572

-

59,987

10,130

CREDITORS

Amounts falling due within one year

35,447

9,330

NET CURRENT ASSETS

24,540

800

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,540

800

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

24,440

700

SHAREHOLDERS' FUNDS

24,540

800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23rd March 2017 and were signed by:

J Carden - 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.

Deferred tax

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

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

3.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,500 were paid to the director .

J Carden, the director, is also a director of Economic Energy Limited. During the year, the company was charged

£12,000+VAT by Economic Energy Limited for overheads incurred by Economic Energy (UK) Limited. At

30th June 2016, there was a balance of £6,239 owed by Economic Energy Limited.

4.	ULTIMATE CONTROLLING PARTY

The controlling party is J Carden.