Company Registration No. 00565979 (England and Wales)
Eberhardt And Co. Limited
Unaudited accounts
for the year ended 31 May 2017
Eberhardt And Co. Limited
Unaudited accounts
Contents
Eberhardt And Co. Limited
Company Information
for the year ended 31 May 2017
Directors
Mr J Eberhardt
Mrs G Eberhardt
Company Number
00565979 (England and Wales)
Registered Office
Unit 16 Highcroft Ind Est
Enterprise Road
Waterlooville
Hampshire
PO8 0BT
United Kingdom
Accountants
Focus Accounting Limited
Unit 16 Highcroft Ind Est
Enterprise Road
Waterlooville
Hampshire
PO8 0BT
Eberhardt And Co. Limited
Statement of financial position
as at 31 May 2017
Tangible assets
807,934
811,759
Cash at bank and in hand
535
2,205
Creditors: amounts falling due within one year
(221,901)
(150,520)
Net current liabilities
(202,123)
(145,947)
Total assets less current liabilities
605,811
665,822
Creditors: amounts falling due after more than one year
(144,993)
(156,097)
Net assets
460,818
509,725
Called up share capital
2,260
2,260
Revaluation reserve
662,736
662,736
Profit and loss account
(204,178)
(155,271)
Shareholders' funds
460,818
509,725
For the year ending 31 May 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 28 February 2018.
Mr J Eberhardt
Director
Company Registration No. 00565979
Eberhardt And Co. Limited
Notes to the Accounts
for the year ended 31 May 2017
Eberhardt And Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 00565979. The registered office is Unit 16 Highcroft Ind Est, Enterprise Road, Waterlooville, Hampshire, PO8 0BT, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Fixtures & fittings
15% reducing balance
Eberhardt And Co. Limited
Notes to the Accounts
for the year ended 31 May 2017
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2016
871,976
4,500
1,995
878,471
Disposals
-
(4,500)
-
(4,500)
At 31 May 2017
871,976
-
1,995
873,971
At 1 June 2016
65,477
855
380
66,712
Charge for the year
-
213
180
393
On disposals
-
(1,068)
-
(1,068)
At 31 May 2017
65,477
-
560
66,037
At 31 May 2017
806,499
-
1,435
807,934
At 31 May 2016
806,499
3,645
1,615
811,759
Carrying amount of land and buildings on cost basis
182,288
182,288
5
Investments
Subsidiary undertakings
Valuation at 1 June 2016
10
Valuation at 31 May 2017
-
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
9,927
8,838
Trade creditors
18,789
1,263
Loans from directors
187,889
134,659
Bank loans of £154,921 (2016: £164.848) are secured against the freehold property.
Eberhardt And Co. Limited
Notes to the Accounts
for the year ended 31 May 2017
8
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
144,993
156,010
Taxes and social security
-
87
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
(134,659)
-
53,230
(187,889)
(134,659)
-
53,230
(187,889)
10
Transactions with related parties
Directors salaries £7,222 (2016: £21,333)
11
Average number of employees
During the year the average number of employees was 2 (2016: 2).
