E-Tech Solutions (Lincs) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08340968 (England and Wales)

E-TECH SOLUTIONS (LINCS) LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

6

DIRECTORS:

R Andrews

Mrs M V Andrews

SECRETARY:

R Andrews

REGISTERED OFFICE:

64 King Edward Street

Grimsby

N E Lincolnshire

DN31 3JP

REGISTERED NUMBER:

08340968 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of E-tech Solutions (Lincs) Ltd for the year ended 31st December 2016 which comprise the Income

Statement, Balance Sheet and the related notes 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/rulebook.

This report is made solely to the Board of Directors of E-tech Solutions (Lincs) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of E-tech Solutions (Lincs) Ltd and state those matters that we have agreed to state to the Board of Directors of E-tech Solutions (Lincs) Ltd, 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that E-tech Solutions (Lincs) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of E-tech Solutions (Lincs) Ltd. You consider that E-tech Solutions (Lincs) 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 financial statements of E-tech Solutions (Lincs) 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 financial statements.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

Date: .............................................

FIXED ASSETS

Tangible assets

4

6,147

7,466

CURRENT ASSETS

Stocks

11,872

11,088

Debtors

5

9,101

11,317

Cash at bank and in hand

4,898

4,034

25,871

26,439

CREDITORS

Amounts falling due within one year

6

26,224

29,013

NET CURRENT LIABILITIES

(353

)

(2,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,794

4,892

PROVISIONS FOR LIABILITIES

588

772

NET ASSETS

5,206

4,120

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,106

4,020

SHAREHOLDERS' FUNDS

5,206

4,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25th August 2017 and were signed on its behalf by:

R Andrews - Director

1.	STATUTORY INFORMATION

E-tech Solutions (Lincs) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment & office furniture

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Equipment

& office

Motor

Computer

furniture

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2016

4,327

1,666

11,689

17,682

Additions

640

-

1,100

1,740

Disposals

(60

)

-

-

(60

)

At 31st December 2016

4,907

1,666

12,789

19,362

DEPRECIATION

At 1st January 2016

1,058

904

8,254

10,216

Charge for year

712

417

1,897

3,026

Eliminated on disposal

(27

)

-

-

(27

)

At 31st December 2016

1,743

1,321

10,151

13,215

NET BOOK VALUE

At 31st December 2016

3,164

345

2,638

6,147

At 31st December 2015

3,269

762

3,435

7,466

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

7,601

11,317

Other debtors

1,500

-

9,101

11,317

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

5,768

2,981

Tax

506

253

Social security and other taxes

141

222

VAT

3,125

4,463

Directors' current accounts

9,376

13,747

Income in advance

5,622

6,525

Accrued expenses

1,686

822

26,224

29,013

7.	ULTIMATE CONTROLLING PARTY

The controlling party is R Andrews.