Eco House Builders Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07979497 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

ECO HOUSE BUILDERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A C Bennett

J B England

Mrs J M England

SECRETARY:

J B England

REGISTERED OFFICE:

27 - 29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

07979497 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

CURRENT ASSETS

Stocks

759,161

341,285

Debtors

4,756

1,601

Cash at bank

3,384

3,158

767,301

346,044

CREDITORS

Amounts falling due within one year

832,636

354,117

NET CURRENT LIABILITIES

(65,335

)

(8,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(65,335

)

(8,073

)

CAPITAL AND RESERVES

Called up share capital

2

3

3

Profit and loss account

(65,338

)

(8,076

)

SHAREHOLDERS' FUNDS

(65,335

)

(8,073

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 December 2014 and were signed on its behalf by:

J B England - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company had a working capital deficit of £65,335 by virtue of its current liabilities

exceeding its current assets. The directors consider that the going concern basis for the preparation of the

financial statements is appropriate and have confirmed their continuing support to enable the company to

continue in operational existence for the foreseeable future.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

3

Ordinary

£1

3

3

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed J B England and Mrs J M England, the controlling party, £801,998

(2013 - £345,498). During the period interest was charged totalling £26,433 (2013 - £7,108).

4.	CONTROLLING PARTY

The company is controlled by J B England and Mrs J M England, by virtue of their shareholdings.