Eastern Telephones Limited - Abbreviated accounts 16.3
Eastern Telephones Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016 |
| FOR |
| EASTERN TELEPHONES LIMITED |
| EASTERN TELEPHONES LIMITED (REGISTERED NUMBER: 05207395) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| EASTERN TELEPHONES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| BANKERS: |
| EASTERN TELEPHONES LIMITED (REGISTERED NUMBER: 05207395) |
| ABBREVIATED BALANCE SHEET |
| 31 OCTOBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium |
| Capital redemption reserve |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| EASTERN TELEPHONES LIMITED (REGISTERED NUMBER: 05207395) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 OCTOBER 2016 |
| The financial statements were approved by the Board of Directors on |
| EASTERN TELEPHONES LIMITED (REGISTERED NUMBER: 05207395) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements 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 the fair value of services provided during the year. Turnover is recognised as contract |
| activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be |
| recoverable from clients. Turnover excludes value added tax. |
| Turnover not billed to customers is included in other debtors. Invoices raised in excess of the fair value of work |
| completed are included within other creditors. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| The charge for taxation is based on the results for the year and takes into account taxation deferred because of |
| timing differences between the treatment of certain items for taxation and accounting purposes. In accordance |
| with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that |
| have been originated but not reversed by the balance sheet date. Deferred tax assets are recognised when it is |
| more likely than not that the asset will be recovered. Deferred tax is measured using rates that have been |
| enacted or substantially enacted by the balance sheet date. Deferred tax balances are not discounted. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
| held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
| leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Corrective work provision |
| This provision is based on the projected costs of corrective work carried out under warranty obligations in |
| respect of work completed and invoiced by the year end. |
| Investments |
| Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. |
| EASTERN TELEPHONES LIMITED (REGISTERED NUMBER: 05207395) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 |
| AMORTISATION |
| At 1 November 2015 |
| Amortisation for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2015 |
| Additions |
| At 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 | 45 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| EASTERN TELEPHONES LIMITED (REGISTERED NUMBER: 05207395) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Associated company |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary A |
| 31.10.16 | 31.7.15 |
| £ | £ |
| Aggregate capital and reserves | 21,106 | (14,427 | ) |
| Profit/(loss) for the year | 35,533 | (14,698 | ) |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| Ordinary D | £1 |
| 33 | Ordinary F | £1 | 33 | 33 |
| 33 | Ordinary G | £1 | 33 | 33 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 October 2016 and |
| 31 October 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Interest was charged on the above mentioned directors loans at agreed H M Revenue & Customs rates in the |
| following amounts: |
| Mr R P Marriott £677 (2015 - £825) |
| Mr J T Pennington £1,556 (2015 - £1,666) |
| The loans are unsecured and repayable on demand. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The company is jointly controlled by its directors and shareholders, |