Ecommerce Trade Ltd - Period Ending 2014-09-30

Registration number: 07210895

Ecommerce Trade Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

Ecommerce Trade Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ecommerce Trade Ltd
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ecommerce Trade Ltd for the year ended 30 September 2014 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Ecommerce Trade Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ecommerce Trade Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ecommerce Trade Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ecommerce Trade Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ecommerce Trade Ltd. You consider that Ecommerce Trade Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ecommerce Trade Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Booth & Co
Chartered Certified Accountants
The Hermitage
15A Shenfield Road
Brentwood
Essex
CM15 8AG

20 April 2015

Page 1

Ecommerce Trade Ltd
(Registration number: 07210895)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					6,743			4,434
Investments					1,000			-
					7,743			4,434
Current assets
Stocks					49,020			31,600
Debtors					7,968			1,447
Cash at bank and in hand					6,891			7,247
					63,879			40,294
Creditors: Amounts falling due within one year					(48,509)			(31,368)
Net current assets					15,370			8,926
Net assets					23,113			13,360
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					23,013			13,260
Shareholders' funds					23,113			13,360

For the year ending 30 September 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 director acknowledges his 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 director on 20 April 2015

.........................................
Mr Simon Williams
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Ecommerce Trade Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Reducing balance basis

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Ecommerce Trade Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 October 2013		7,561			-			7,561
Additions		4,637			1,000			5,637
At 30 September 2014		12,198			1,000			13,198
Depreciation
At 1 October 2013		3,127			-			3,127
Charge for the year		2,328			-			2,328
At 30 September 2014		5,455			-			5,455
Net book value
At 30 September 2014		6,743			1,000			7,743
At 30 September 2013		4,434			-			4,434

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary voting shares of £1 each		100			100			100			100

Page 4