Electromech ECS Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05267815 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Electromech ECS Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R W Cottingham

P A Boxall

Mrs M Godding

SECRETARY:

Mrs M A P Godding

REGISTERED OFFICE:

Unit 3

Admiralty Way

Camberley

Surrey

GU15 3DT

REGISTERED NUMBER:

05267815 (England and Wales)

ACCOUNTANTS:

Debbie Winfield Accountancy Ltd

The Office

Homelands

Upperton

Watlington

Oxfordshire

OX49 5PB

FIXED ASSETS

Tangible assets

4

1,251

1,736

CURRENT ASSETS

Stocks

21,500

19,595

Debtors

5

338,807

333,364

Cash at bank and in hand

216,595

62,186

576,902

415,145

CREDITORS

Amounts falling due within one year

6

145,617

73,112

NET CURRENT ASSETS

431,285

342,033

TOTAL ASSETS LESS CURRENT LIABILITIES

432,536

343,769

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

432,436

343,669

SHAREHOLDERS' FUNDS

432,536

343,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 11 September 2017 and were signed on its behalf by:

P A Boxall - Director

R W Cottingham - Director

1.	STATUTORY INFORMATION

Electromech ECS Limited 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.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

5,697

4,886

10,583

DEPRECIATION

At 1 April 2016

4,597

4,250

8,847

Charge for year

275

210

485

At 31 March 2017

4,872

4,460

9,332

NET BOOK VALUE

At 31 March 2017

825

426

1,251

At 31 March 2016

1,100

636

1,736

5.

DEBTORS

31.3.17

31.3.16

£

£

Amounts falling due within one year:

Trade debtors

77,256

97,823

Other debtors

5,781

3,271

83,037

101,094

31.3.17

31.3.16

£

£

Amounts falling due after more than one year:

Amounts owed by group undertakings

255,770

232,270

Aggregate amounts

338,807

333,364

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

108,265

40,499

Taxation and social security

35,194

30,312

Other creditors

2,158

2,301

145,617

73,112

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.17

31.3.16

£

£

Within one year

7,546

-

Between one and five years

13,901

25,374

21,447

25,374

8.	ULTIMATE CONTROLLING PARTY

The controlling party is P A Boxall.