Electromatic Tele-Link Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03782326 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

ELECTROMATIC TELE-LINK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Roesaas

M S Goddard

SECRETARY:

E C Parker F.C.C.A.

REGISTERED OFFICE:

3 Dawn Close

Chandlers Quay

Maldon

Essex

CM9 5LB

REGISTERED NUMBER:

03782326 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Tangible assets

4

5,819

7,758

CURRENT ASSETS

Stocks

5

10,970

12,423

Debtors

6

34,054

34,775

Cash at bank

58,664

31,787

103,688

78,985

CREDITORS

Amounts falling due within one year

7

38,834

40,345

NET CURRENT ASSETS

64,854

38,640

TOTAL ASSETS LESS CURRENT LIABILITIES

70,673

46,398

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

70,573

46,298

SHAREHOLDERS' FUNDS

70,673

46,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 28 September 2018 and were signed on its behalf by:

M Roesaas - Director

1.	STATUTORY INFORMATION

Electromatic Tele-Link Limited is a private company, limited by shares , registered in England and 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office & computer equip

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Bank factored debtors

Factored debt in which full recourse lies with the lender is recognised as a liability and included in Creditors:

amounts falling due within one year while the related receivables continue to be reported separately in trade

debtors until the related account balances are collected.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 3 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Office &

Plant and

and

Motor

computer

machinery

fittings

vehicles

equip

Totals

£

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

438

305

10,258

12,988

23,989

DEPRECIATION

At 1 January 2017

389

277

4,489

11,076

16,231

Charge for year

12

7

1,442

478

1,939

At 31 December 2017

401

284

5,931

11,554

18,170

NET BOOK VALUE

At 31 December 2017

37

21

4,327

1,434

5,819

At 31 December 2016

49

28

5,769

1,912

7,758

5.

STOCKS

31.12.17

31.12.16

£

£

Stocks

10,970

12,423

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

34,054

34,775

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

-

3,350

Trade creditors

-

11,892

Taxation and social security

38,108

24,377

Other creditors

726

726

38,834

40,345

8.	ULTIMATE CONTROLLING PARTY

The company was controlled by the directors' by virtue of their ownership of the entire issued share capital.