Echo Production Sound Limited - Period Ending 2016-11-30

Registration number: 07442132

Echo Production Sound Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Newsham Hanson Ltd
Chartered Certified Accountants
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

Echo Production Sound Limited
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 Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Echo Production Sound Limited
for the Year Ended 30 November 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Echo Production Sound Limited for the year ended 30 November 2016 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://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Echo Production Sound Limited, 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 Echo Production Sound Limited 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Echo Production Sound Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Echo Production Sound Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Echo Production Sound Limited. You consider that Echo Production Sound Limited 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 Echo Production Sound Limited. 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.

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

Newsham Hanson Ltd
Chartered Certified Accountants
Edinburgh House
1-5 Bellevue Road
Clevedon
North Somerset
BS21 7NP

1 August 2017

Page 1

Echo Production Sound Limited
(Registration number: 07442132)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					18,225			23,671
Current assets
Debtors					3,381			2,278
Cash at bank and in hand					20,735			15,774
					24,116			18,052
Creditors: Amounts falling due within one year					(35,912)			(35,907)
Net current liabilities					(11,796)			(17,855)
Total assets less current liabilities					6,429			5,816
Provisions for liabilities					(3,645)			(4,734)
Net assets					2,784			1,082
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					2,684			982
Shareholders' funds					2,784			1,082

For the year ending 30 November 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 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 1 August 2017 and signed on its behalf by:

.........................................
 Mr G Marullo
 Director

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

Echo Production Sound Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 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
Computer Equipment	15% reducing balance basis
Motor Vehicles	25% reducing balance basis
Plant & Machinery	25% reducing balance basis

Research and development

Research and development expenditure is written off as incurred.

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Echo Production Sound Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		41,563			41,563
Additions		3,404			3,404
At 30 November 2016		44,967			44,967
Depreciation
At 1 December 2015		17,892			17,892
Charge for the year		8,850			8,850
At 30 November 2016		26,742			26,742
Net book value
At 30 November 2016		18,225			18,225
At 30 November 2015		23,671			23,671

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary A Shares of £1 each		90			90			90			90
Ordinary B Shares of £1 each		10			10			10			10
		100			100			100			100

Page 4