Eldridge, Bexley Limited - Filleted accounts

Eldridge, Bexley Limited - Filleted accounts

ELDRIDGE, BEXLEY LIMITED - Company Information

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Eldridge, Bexley Limited
Registered number: 01815819
Balance Sheet
as at 31 May 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 3 1,266 1,688
Current assets
Debtors 4 4,126 10,131
Cash at bank and in hand 90,866 120,255
94,992 130,386
Creditors: amounts falling due within one year 5 (31,255) (21,522)
Net current assets 63,737 108,864
Net assets 65,003 110,552
Capital and reserves
Called up share capital 100 100
Profit and loss account 64,903 110,452
Shareholders' funds 65,003 110,552
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S A Eldridge
Director
Approved by the board on 26 October 2017
Eldridge, Bexley Limited
Notes to the Accounts
for the year ended 31 May 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicles 25% reducing balance
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2017 2016
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2016 12,934
At 31 May 2017 12,934
Depreciation
At 1 June 2016 11,246
Charge for the year 422
At 31 May 2017 11,668
Net book value
At 31 May 2017 1,266
At 31 May 2016 1,688
4 Debtors 2017 2016
£ £
Trade debtors - 1,200
Other debtors 4,126 8,931
4,126 10,131
5 Creditors: amounts falling due within one year 2017 2016
£ £
Trade creditors - 8,958
Corporation tax 21 11
Other taxes and social security costs 100 91
Other creditors 31,134 12,462
31,255 21,522
6 Related party transactions
At the year end, directors Steve and Maggie Eldridge were owed £10,000 (2016:£5,942) from the company. Dividends of £30,000 were paid during the year.
7 Controlling party
The entire share capital of the company is owned by the two directors, S A Eldridge and M Eldridge.
8 Other information
Eldridge, Bexley Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Almonry
High Street
Battle
East Sussex
TN33 0EA
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