Abbreviated Company Accounts - ECLIPSE HOTELS (NORWICH) LIMITED

ECLIPSE HOTELS (NORWICH) LIMITED - Company Information

05508443 ECLIPSE HOTELS (NORWICH) LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05508443 2013-04-01 2014-03-31 05508443 2014-03-31 05508443 2013-03-31 05508443 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05508443 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05508443

ECLIPSE HOTELS (NORWICH) LIMITED

Abbreviated Accounts

31 March 2014

ECLIPSE HOTELS (NORWICH) LIMITED Registered Number 05508443

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	119,983	108,162
		119,983	108,162
Current assets
Stocks		3,920	4,315
Debtors		206,424	80,296
Cash at bank and in hand		12,983	15,392
		223,327	100,003
Creditors: amounts falling due within one year		(815,836)	(820,649)
Net current assets (liabilities)		(592,509)	(720,646)
Total assets less current liabilities		(472,526)	(612,484)
Total net assets (liabilities)		(472,526)	(612,484)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(472,528)	(612,486)
Shareholders' funds		(472,526)	(612,484)

For the year ending 31 March 2014 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 December 2014

And signed on their behalf by:
Mr S Damji, Director

ECLIPSE HOTELS (NORWICH) LIMITED Registered Number 05508443

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Improvements : written off
Fixtures & fittings : 15% of W.D.V.
Motor Vehicle : 25% of W.D.V.
Equipment : 25% of W.D.V.

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued support of the shareholders.

2Tangible fixed assets

	£
Cost
At 1 April 2013	282,348
Additions	34,448
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	316,796
Depreciation
At 1 April 2013	174,186
Charge for the year	22,627
On disposals	-
At 31 March 2014	196,813
Net book values
At 31 March 2014	119,983
At 31 March 2013	108,162

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100