ACCOUNTS - Final Accounts

E J CHURCH LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2016-12-312016-12-31false2016-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activity 5058827 2016-01-01 2016-12-31 5058827 2014-09-01 2015-12-31 5058827 2016-12-31 5058827 2015-12-31 5058827 c:Director1 2016-01-01 2016-12-31 5058827 d:OfficeEquipment 2016-01-01 2016-12-31 5058827 d:OfficeEquipment 2016-12-31 5058827 d:OfficeEquipment 2015-12-31 5058827 d:OfficeEquipment d:OwnedOrFreeholdAssets 2016-01-01 2016-12-31 5058827 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2016-01-01 2016-12-31 5058827 d:CurrentFinancialInstruments 2016-12-31 5058827 d:CurrentFinancialInstruments 2015-12-31 5058827 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 5058827 d:CurrentFinancialInstruments d:WithinOneYear 2015-12-31 5058827 d:ShareCapital 2016-12-31 5058827 d:ShareCapital 2015-12-31 5058827 d:RetainedEarningsAccumulatedLosses 2016-12-31 5058827 d:RetainedEarningsAccumulatedLosses 2015-12-31 5058827 c:FRS102 2016-01-01 2016-12-31 5058827 c:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 5058827 c:FullAccounts 2016-01-01 2016-12-31 5058827 c:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 iso4217:GBP xbrli:pure

Registered number: 5058827

E J CHURCH LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016


E J CHURCH LIMITED REGISTERED NUMBER:5058827

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2016

		2016		2015
Note		£		£

Fixed assets
Tangible assets	4		1,090		-
			1,090		-
Current assets
Debtors: amounts falling due within one year	5	375		9,305
Cash at bank and in hand	6	85,600		89,498
		85,975		98,803
Creditors: amounts falling due within one year	7	(1,596)		(8,159)
Net current assets			84,379		90,644
Total assets less current liabilities			85,469		90,644

Net assets			85,469		90,644

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	84,469	89,644
	85,469	90,644

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 May 2017.

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E J CHURCH LIMITED REGISTERED NUMBER:5058827

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2016

E J L Church

Director

The notes on pages 3 to 6 form part of these financial statements.

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E J CHURCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

1.	General information

E J Church Limited is a private company limited by shares and domiciled in England and Wales. The registered office is at Priory House, 45-51 High Street, Reigate, Surrey RH2 9AE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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E J CHURCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of income and retained earnings.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

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E J CHURCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Employees

The average monthly number of employees, including directors, during the year was 1 (2015 - 3).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2016	12,568
	Additions	1,637
	Disposals	(12,568)
	At 31 December 2016	1,637
	Depreciation
	At 1 January 2016	12,568
	Charge for the period on owned assets	547
	Charge for the period on financed assets	(12,568)
	At 31 December 2016	547
	Net book value
	At 31 December 2016	1,090
	At 31 December 2015	-

Debtors

					2016	2015
					£	£


Trade debtors	-	3,328
Other debtors	375	5,977
	375	9,305

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E J CHURCH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

6.	Cash and cash equivalents
		2016	2015
		£	£

Cash at bank and in hand	85,600	89,498
	85,600	89,498

7.	Creditors: Amounts falling due within one year
		2016	2015
		£	£

Trade creditors	996	123
Other taxation and social security	-	3,630
Accruals and deferred income	600	4,406
	1,596	8,159

8.	Controlling party

The company's controlling shareholder is Mrs E J Church.

9.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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