Enhanced Automotive Systems Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07744966 (England and Wales)

ENHANCED AUTOMOTIVE SYSTEMS LTD

ABBREVIATED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

E C Penfold

REGISTERED OFFICE:

Fairview House

Maltmans Hill

Smarden

Ashford

Kent

TN27 8RF

REGISTERED NUMBER:

07744966 (England and Wales)

ACCOUNTANTS:

Perrys Accountants Limited

Chartered Accountants

19-21 Swan Street

West Malling

Kent

ME19 6JU

FIXED ASSETS

Tangible assets

2

3,733

4,977

CURRENT ASSETS

Debtors

123,573

123,573

Cash at bank and in hand

300,787

203,355

424,360

326,928

CREDITORS

Amounts falling due within one year

66,201

95,338

NET CURRENT ASSETS

358,159

231,590

TOTAL ASSETS LESS CURRENT LIABILITIES

361,892

236,567

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

361,792

236,467

SHAREHOLDERS' FUNDS

361,892

236,567

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 17 January 2017 and were signed by:

E C Penfold - 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.

Fixtures and fittings

-

33% on cost

Motor vehicles

-

20% on cost

Website Design

-

25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

23,560

DEPRECIATION

At 1 September 2015

18,583

Charge for year

1,244

At 31 August 2016

19,827

NET BOOK VALUE

At 31 August 2016

3,733

At 31 August 2015

4,977

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

100

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES