Energy & Compliance Technology Ltd - Accounts to registrar (filleted) - small 17.3
Energy & Compliance Technology Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| ENERGY & COMPLIANCE TECHNOLOGY LTD |
| ENERGY & COMPLIANCE TECHNOLOGY LTD (REGISTERED NUMBER: 07311760) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| ENERGY & COMPLIANCE TECHNOLOGY LTD |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditor |
| Lloyds Bank Chambers |
| Hustlergate |
| Bradford |
| BD1 1UQ |
| ENERGY & COMPLIANCE TECHNOLOGY LTD (REGISTERED NUMBER: 07311760) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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 by: |
| ENERGY & COMPLIANCE TECHNOLOGY LTD (REGISTERED NUMBER: 07311760) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Energy & Compliance Technology Ltd is a |
| 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 |
| Turnover |
| Turnover represents the invoice value of goods and services sold, less returns and allowances, excluding value |
| added tax. |
| Fixed assets and depreciation |
| Fixed assets are stated at cost less depreciation. |
| Depreciation is calculated to write off the assets over their estimated useful lives at the following annual rates: |
| Computer hardware | - | 33% of cost |
| Computer software | - | 20% of cost |
| Equipment & fixtures | - | 20% of cost |
| 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. |
| 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 contributions |
| Pension contributions to personal defined contribution pension schemes are charged to profit and loss account |
| when incurred. |
| ENERGY & COMPLIANCE TECHNOLOGY LTD (REGISTERED NUMBER: 07311760) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 5. | DEBTORS |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by group undertakings |
| Corporation tax | ( |
) |
| Prepayments and accrued income |
| Amounts falling due after more than one year: |
| Deferred tax asset | - | 2,874 |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Social security and other taxes |
| Directors' loan accounts | 21,000 | 21,000 |
| Accruals and deferred income |
| ENERGY & COMPLIANCE TECHNOLOGY LTD (REGISTERED NUMBER: 07311760) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2017 | 2016 |
| £ | £ |
| Within one year |
| Between one and five years |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Bank borrowings are secured by a debenture dated 18 June 2012 in favour of National Westminster Bank PLC. |
| 9. | PROVISIONS FOR LIABILITIES |
| 2017 |
| £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2016 | ( |
) |
| Charge to Statement of Comprehensive Income during year |
| Balance at 31 March 2017 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2016 |
| Profit for the year |
| At 31 March 2017 |
| ENERGY & COMPLIANCE TECHNOLOGY LTD (REGISTERED NUMBER: 07311760) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 13. | CONTINGENT LIABILITIES |
| The company is party to an unlimited cross guarantee to its bankers securing the borrowings of group companies. |
| There were no such borrowings at 31 March 2017 (2016 - £134,779). |
| 14. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |
| 15. | ULTIMATE CONTROLLING PARTY |
| The controlling party as at 31 March 2017 was OHS Group (UK) Limited. |