Abbreviated Company Accounts - EURO CONTROL PANEL SPECIALISTS LIMITED

EURO CONTROL PANEL SPECIALISTS LIMITED - Company Information

NI033606 EURO CONTROL PANEL SPECIALISTS LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true NI033606 2013-04-01 2014-03-31 NI033606 2014-03-31 NI033606 2013-03-31 NI033606 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 NI033606 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-03-31 iso4217:GBP shares

Registered Number NI033606

EURO CONTROL PANEL SPECIALISTS LIMITED

Abbreviated Accounts

31 March 2014

EURO CONTROL PANEL SPECIALISTS LIMITED Registered Number NI033606

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	14,069	14,922
		14,069	14,922
Current assets
Stocks		34,150	10,396
Debtors		65,766	103,917
Cash at bank and in hand		10,922	25,999
		110,838	140,312
Creditors: amounts falling due within one year		(118,408)	(123,011)
Net current assets (liabilities)		(7,570)	17,301
Total assets less current liabilities		6,499	32,223
Total net assets (liabilities)		6,499	32,223
Capital and reserves
Called up share capital	3	3,334	3,334
Profit and loss account		3,165	28,889
Shareholders' funds		6,499	32,223

For the year ending 31 March 2014 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 3 September 2014

And signed on their behalf by:
Michael Doherty, Director
Hugh Doherty, Director

EURO CONTROL PANEL SPECIALISTS LIMITED Registered Number NI033606

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

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

Land & buildings - Straight line over fifty years
Fixtures, fittings & equipment - 10% reducing balance

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value.

Other accounting policies
The company paid a dividend to Michael Doherty and Hugh Doherty for £28,566 and £11,434 respectively. Both Michael Doherty and Hugh Doherty are directors and shareholders in the company. Euro Control Panel Specialists Limited have same directors as Electrical Control Instrument Services Limited. At 31 March 2014 Euro Control Panel Specialists Limited owed Electrical Control Instrument Services Limited £19,299 (2013 - £19,951).

The ultimate control of the company lies with the directors.

2Tangible fixed assets

	£
Cost
At 1 April 2013	42,992
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	42,992
Depreciation
At 1 April 2013	28,070
Charge for the year	853
On disposals	-
At 31 March 2014	28,923
Net book values
At 31 March 2014	14,069
At 31 March 2013	14,922

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
50,000 Ordinary shares of £1 each	50,000	50,000
3,334 Ordinary shares of £1 each	3,334	3,334
3,334 Ordinary shares of £1 each	3,334	3,334