ESS_(NORTH_WALES)_LIMITED - Accounts

ESS (NORTH WALES) LIMITED - Company Information

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Company Registration No. 04965123 (England and Wales)

ESS (NORTH WALES) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

ESS (NORTH WALES) LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

2 - 3

Notes to the abbreviated accounts

4 - 5

ESS (NORTH WALES) LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ESS (NORTH WALES) LIMITED FOR THE YEAR ENDED 31 JULY 2016

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ESS (North Wales) Limited for the year ended 31 July 2016 set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of ESS (North Wales) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of ESS (North Wales) Limited and state those matters that we have agreed to state to the Board of Directors of ESS (North Wales) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ESS (North Wales) Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that ESS (North Wales) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ESS (North Wales) Limited. You consider that ESS (North Wales) Limited 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 financial statements of ESS (North Wales) Limited. 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 financial statements.

Morris & Co

10 April 2017

Chartered Accountants

Chester House

Lloyd Drive

Cheshire Oaks Business Park

Ellesmere Port

Cheshire

England

CH65 9HQ

ESS (NORTH WALES) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

26,201

22,740

Current assets

Stocks

50,817

2,321

Debtors

10,393

10,228

Cash at bank and in hand

10,410

61,297

22,959

Creditors: amounts falling due within one year

(165,734)

(39,470)

Net current liabilities

(104,437)

(16,511)

Total assets less current liabilities

(78,236)

6,229

Provisions for liabilities

(4,843)

(4,064)

(83,079)

2,165

Capital and reserves

Called up share capital

Profit and loss account

(83,081)

2,163

Shareholders' funds

(83,079)

2,165

ESS (NORTH WALES) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2016

- 3 -

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 April 2017

Mr N Lee

Director

Company Registration No. 04965123

ESS (NORTH WALES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The accounts have also been prepared on the assumption that the company is able to carry on in business as a going concern, which the director's consider appropriate as they believe that the continued support required from the directors, Mr N S Lee and Mrs T Lee, will be forthcoming.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

- 25% on reducing balance

Fixtures, fittings & equipment

- 15% on cost

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.7

Deferred taxation

Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

ESS (NORTH WALES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 5 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2015

100,000

97,691

197,691

Additions

11,103

At 31 July 2016

100,000

108,794

208,794

Depreciation

At 1 August 2015

100,000

74,951

174,951

Charge for the year

7,642

At 31 July 2016

100,000

82,593

182,593

Net book value

At 31 July 2016

26,201

At 31 July 2015

22,740

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary of £1 each