EC146 Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 09231471

EC146 Limited

Filleted Unaudited Financial Statements

28 February 2019

EC146 Limited

Financial Statements

Year ended 28 February 2019

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

EC146 Limited

Statement of Financial Position

28 February 2019

	2019		2018
Note	£	£	£	£

Current assets

Debtors	5	2,575,070	2,580,206
Cash at bank and in hand		16,308	13,736
		------------	------------
		2,591,378	2,593,942

Creditors: amounts falling due within one year	6	1,000		2,400
		------------		------------
Net current assets			2,590,378		2,591,542
			------------		------------
Total assets less current liabilities			2,590,378		2,591,542
			------------		------------
Net assets			2,590,378		2,591,542
			------------		------------

Capital and reserves

Called up share capital	7	2	2
Profit and loss account		2,590,376	2,591,540
		------------	------------
Shareholders funds		2,590,378	2,591,542
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2019 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 financial statements were approved by the board of directors and authorised for issue on 25 September 2019 , and are signed on behalf of the board by:

M J Fuller	S C Uloth
Director	Director

Company registration number: 09231471

EC146 Limited

Notes to the Financial Statements

Year ended 28 February 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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.

4. Employee numbers

The average number of persons employed by the company during the year, including the directors, amounted to 2 (2018: 2).

5. Debtors

	2019	2018
	£	£
Corporation tax repayable	–	2,365
Amounts owed by related undertakings	2,574,808	2,577,820
Other debtors	262	21
	------------	------------
	2,575,070	2,580,206
	------------	------------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Accruals and deferred income	1,000	2,400
	-------	-------

7. Called up share capital

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2.00	2	2.00
	----	-----	----	-----

8. Related party transactions

At the year end the company was owed £2,574,808 (2018: £2,577,820) from related undertakings, controlled by company directors. The loans are unsecured, interest free and repayable on demand.