EAGLE_PROMOTIONS_LIMITED - Accounts

EAGLE PROMOTIONS LIMITED - Company Information

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Company Registration No. 02696710 (England and Wales)

EAGLE PROMOTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2014

EAGLE PROMOTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

EAGLE PROMOTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

2,500

Tangible assets

25,697

23,951

Investments

197,223

209,923

222,920

236,374

Current assets

Stocks

97,787

101,403

Debtors

522,361

524,277

Cash at bank and in hand

1,028,157

884,114

1,648,305

1,509,794

Creditors: amounts falling due within one year

(534,507)

(395,384)

Net current assets

1,113,798

1,114,410

Total assets less current liabilities

1,336,718

1,350,784

1,336,718

1,350,784

Capital and reserves

Called up share capital

10,000

Revaluation reserve

14,153

26,853

Other reserves

10,000

Profit and loss account

1,302,565

1,303,931

Shareholders' funds

1,336,718

1,350,784

EAGLE PROMOTIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 APRIL 2014

- 2 -

For the financial year ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 January 2015

P McInley

Director

Company Registration No. 02696710

EAGLE PROMOTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% straight line basis

Fixtures, fittings & equipment

25% straight line basis

Motor vehicles

25% straight line basis

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Fixed asset investments are stated at cost or valuation less provision for diminution in value.

1.7

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.10

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

EAGLE PROMOTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2014

- 4 -

Fixed assets

Intangible assets

Tangible assets

Investments

Total

Cost or valuation

At 1 May 2013

20,000

324,302

209,923

554,225

Additions

24,203

Revaluation

(12,700)

Disposals

(24,120)

At 30 April 2014

20,000

324,385

197,223

541,608

Depreciation

At 1 May 2013

17,500

300,351

317,851

On disposals

(24,120)

Charge for the year

2,500

22,457

24,957

At 30 April 2014

20,000

298,688

318,688

Net book value

At 30 April 2014

25,697

197,223

222,920

At 30 April 2013

2,500

23,951

209,923

236,374

Share capital

2014

2013

Allotted, called up and fully paid

10,000 Ordinary shares of £1 each

10,000