Elite Power Transmissions Limited Filleted accounts for Companies House (small and micro)

Elite Power Transmissions Limited Filleted accounts for Companies House (small and micro)


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COMPANY REGISTRATION NUMBER: 07668246
Elite Power Transmissions Limited
Filleted Unaudited Financial Statements
31 May 2019
Elite Power Transmissions Limited
Statement of Financial Position
31 May 2019
2019
2018
£
£
£
Fixed assets
32,733
27,780
--------
--------
Current assets
120,968
195,473
Creditors: amounts falling due within one year
96,522
222,117
---------
---------
Net current assets/(liabilities)
24,446
( 26,644)
--------
--------
Total assets less current liabilities
57,179
1,136
Accruals and deferred income
1,266
973
--------
-------
55,913
163
--------
-------
Capital and reserves
55,913
163
--------
----
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2018: 3 ).
2. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2019
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
R Brown
( 69,613)
45,111
( 24,502)
R Banks
7,165
( 9,447)
( 2,282)
A J White
( 72,685)
50,261
( 22,424)
A Goodrum
( 138)
5,209
5,071
---------
--------
--------
( 135,271)
91,134
( 44,137)
---------
--------
--------
2018
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
R Brown
( 74,910)
5,297
( 69,613)
R Banks
( 1,038)
8,203
7,165
A J White
( 78,561)
5,876
( 72,685)
A Goodrum
25,325
( 25,463)
( 138)
---------
--------
---------
( 129,184)
( 6,087)
( 135,271)
---------
--------
---------
For the year ending 31 May 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 have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 17 January 2020 , and are signed on behalf of the board by:
A J White
Director
Company registration number: 07668246
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sportsman Farm, St Michaels, Tenterden, Kent, TN30 6SY.