Easton Electrical Services Ltd - Period Ending 2014-02-28

Registration number: 7967104

Easton Electrical Services Ltd

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2014
 

Shaikh & Co Ltd
Chartered Certified Accountants
10 Decimus Park
Kingstanding Way
Tunbridge Wells
Kent
TN2 3GP

Easton Electrical Services Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Easton Electrical Services Ltd
for the Year Ended 28 February 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Easton Electrical Services Ltd for the year ended 28 February 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Easton Electrical Services Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Easton Electrical Services Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Easton Electrical Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Easton Electrical Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Easton Electrical Services Ltd. You consider that Easton Electrical Services Ltd 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 accounts of Easton Electrical Services Ltd. 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 accounts.

......................................

Shaikh & Co Ltd
Chartered Certified Accountants
10 Decimus Park
Kingstanding Way
Tunbridge Wells
Kent
TN2 3GP

13 November 2014

Page 1

Easton Electrical Services Ltd
(Registration number: 7967104)
Abbreviated Balance Sheet at 28 February 2014

		Note			28 February 2014 £			28 February 2013 £
Fixed assets
Tangible fixed assets					4,388			-
Current assets
Debtors					5,973			4,350
Cash at bank and in hand					1,105			2,917
					7,078			7,267
Creditors: Amounts falling due within one year					(13,902)			(7,852)
Net current liabilities					(6,824)			(585)
Net liabilities					(2,436)			(585)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(2,536)			(685)
Shareholders' deficit					(2,436)			(585)

For the year ending 28 February 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 director acknowledges his 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 director on 13 November 2014

.........................................
Mrs Cheryl Easton
Company secretary

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Easton Electrical Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern

The validity of the going conern assumption will depend on the continuing financial support of the director for the forseable future, together with the ability of the company to trade profitably in the future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawel of the above support.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% on reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		5,850			5,850
At 28 February 2014		5,850			5,850
Depreciation
Charge for the year		1,462			1,462
At 28 February 2014		1,462			1,462
Net book value
At 28 February 2014		4,388			4,388

Page 3

Easton Electrical Services Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	28 February 2014						28 February 2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4