E & P Securities Limited iXBRL

E & P Securities Limited iXBRL

E & P SECURITIES LIMITED - Company Information

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Relate AccountsProduction v2.1.17 v2.1.17 2016-12-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is property rental and investments. 23 August 2018 08297066 2017-11-30 08297066 2016-11-30 08297066 2015-11-30 08297066 2016-12-01 2017-11-30 08297066 2015-12-01 2016-11-30 08297066 uk-bus:PrivateLimitedCompanyLtd 2016-12-01 2017-11-30 08297066 uk-bus:AbridgedAccounts 2016-12-01 2017-11-30 08297066 uk-core:ShareCapital 2017-11-30 08297066 uk-core:ShareCapital 2016-11-30 08297066 uk-core:RetainedEarningsAccumulatedLosses 2017-11-30 08297066 uk-core:RetainedEarningsAccumulatedLosses 2016-11-30 08297066 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2017-11-30 08297066 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2016-11-30 08297066 uk-bus:FRS102 2016-12-01 2017-11-30 08297066 uk-core:WithinOneYear 2017-11-30 08297066 uk-core:WithinOneYear 2016-11-30 08297066 2016-12-01 2017-11-30 08297066 uk-bus:Director1 2016-12-01 2017-11-30 08297066 uk-bus:AuditExempt-NoAccountantsReport 2016-12-01 2017-11-30 xbrli:pure iso4217:GBP xbrli:shares
Company Number: 08297066
 
 
E & P Securities Limited
 
Unaudited Abridged Financial Statements
 
for the year ended 30 November 2017
E & P Securities Limited
Company Number: 08297066
ABRIDGED BALANCE SHEET
as at 30 November 2017

2017 2016
Notes £ £
 
Current Assets
Debtors 14,465 4,500
Cash and cash equivalents 14,777 11,828
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29,242 16,328
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Creditors: Amounts falling due within one year 4 (21,268) (15,246)
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Net Current Assets 7,974 1,082
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Total Assets less Current Liabilities 7,974 1,082
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Capital and Reserves
Called up share capital 100 100
Profit and Loss Account 7,874 982
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Equity attributable to owners of the company 7,974 1,082
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
           
           
For the financial year ended 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 23 August 2018
           
           
________________________________          
H J Daniel          
Director          



E & P Securities Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the year ended 30 November 2017

   
1. GENERAL INFORMATION
 
E & P Securities Limited is a company limited by shares incorporated in United Kingdom
         
2. ACCOUNTING POLICIES
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 November 2017 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
   
3. ADOPTION OF FRS 102 SECTION 1A
 
This is the first set of financial statements prepared by E & P Securities Limited in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 January 2016.
       
4. CREDITORS 2017 2016
Amounts falling due within one year £ £
 
Taxation 1,898 246
Director's current account 4,370 -
Other creditors 15,000 15,000
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  21,268 15,246
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