Abbreviated Company Accounts - EARSHOT COMMUNICATIONS LIMITED

EARSHOT COMMUNICATIONS LIMITED Registered Number 04922848

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	6,383	5,701
		6,383	5,701
Current assets
Stocks		28,222	23,857
Debtors		20,578	32,060
Cash at bank and in hand		59,587	57,618
		108,387	113,535
Creditors: amounts falling due within one year		(51,739)	(59,273)
Net current assets (liabilities)		56,648	54,262
Total assets less current liabilities		63,031	59,963
Provisions for liabilities		(1,081)	(902)
Total net assets (liabilities)		61,950	59,061
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		61,949	59,060
Shareholders' funds		61,950	59,061

For the year ending 31 March 2016 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 27 July 2016

And signed on their behalf by:
Mr J Kelly, Director

EARSHOT COMMUNICATIONS LIMITED Registered Number 04922848

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 January 2015).

Turnover policy
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
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
Computer equipment - 33% on reducing balance

Valuation information and policy
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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

RELATED PARTY DISCLOSURES
The director, J Kelly, was the controlling party throughout the current and previous year.

As at 31 March 2016, J Kelly was owed £62 by the company (2015 - £785 owed to the company). This loan is interest free with no set repayment terms.

2Tangible fixed assets

	£
Cost
At 1 April 2015	19,861
Additions	2,481
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	22,342
Depreciation
At 1 April 2015	14,160
Charge for the year	1,799
On disposals	-
At 31 March 2016	15,959
Net book values
At 31 March 2016	6,383
At 31 March 2015	5,701

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

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	Mr J Kelly
Description of the transaction:	Directors loan
Balance at 1 April 2015:	£ 785
Advances or credits made:	-
Advances or credits repaid:	£ 785
Balance at 31 March 2016:	£ 0