Ecotec Water Limited - Period Ending 2016-09-30

Registration number: SC366117

Ecotec Water Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Ecotec Water Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ecotec Water Limited
(Registration number: SC366117)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					29,549			48,344
Current assets
Debtors					38,682			61,101
Cash at bank and in hand					124,925			127,734
					163,607			188,835
Creditors: Amounts falling due within one year					(1,300)			(43,856)
Net current assets					162,307			144,979
Total assets less current liabilities					191,856			193,323
Provisions for liabilities					(5,910)			(9,669)
Net assets					185,946			183,654
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					185,944			183,652
Shareholders' funds					185,946			183,654

For the year ending 30 September 2016 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 24 June 2017

.........................................
Mr Samuel Pollock
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Ecotec Water Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, 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
Plant and machinery	20% straight line
Motor vehicles	25% straight line
Office equipment	33.3% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Page 2

Ecotec Water Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		93,511			93,511
At 30 September 2016		93,511			93,511
Depreciation
At 1 October 2015		45,167			45,167
Charge for the year		18,795			18,795
At 30 September 2016		63,962			63,962
Net book value
At 30 September 2016		29,549			29,549
At 30 September 2015		48,344			48,344

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4

Control

The company is controlled by no single person..

Page 3