Electrofencing Systems Limited - Limited company - abbreviated - 11.6

Electrofencing Systems Limited - Limited company - abbreviated - 11.6

ELECTROFENCING SYSTEMS LIMITED - Company Information

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NI039374 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureNI0393742013-12-31NI0393742014-12-31NI0393742014-01-012014-12-31NI0393742012-12-31NI0393742013-01-012013-12-31NI0393742013-12-31NI039374ns12:NorthernIreland2014-01-012014-12-31NI039374ns14:PoundSterling2014-01-012014-12-31NI039374ns7:Director12014-01-012014-12-31NI039374ns7:OrdinaryShareClass12014-01-012014-12-31NI039374ns7:CompanySecretary2014-01-012014-12-31NI039374ns7:RegisteredOffice2014-01-012014-12-31NI039374ns7:EntityAccountantsOrAuditors2014-01-012014-12-31NI039374ns7:OrdinaryShareClass12014-12-31NI039374ns7:OrdinaryShareClass12013-12-31
REGISTERED NUMBER: NI039374 (Northern Ireland)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31ST DECEMBER 2014

FOR

ELECTROFENCING SYSTEMS LIMITED

ELECTROFENCING SYSTEMS LIMITED (REGISTERED NUMBER: NI039374)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ELECTROFENCING SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2014







DIRECTOR: Alan Boyd





SECRETARY: Linda Boyd





REGISTERED OFFICE: 85 University Street
Belfast
BT7 1HP





REGISTERED NUMBER: NI039374 (Northern Ireland)





ACCOUNTANTS: MB McGrady & Co
Chartered Accountants
85 University Street
Belfast
Co. Antrim
BT7 1HP
1
ELECTROFENCING SYSTEMS LIMITED (REGISTERED NUMBER: NI039374)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1 1

CURRENT ASSETS
Stocks 11,408 9,899
Debtors 31,060 34,729
Cash at bank 58,766 96,369
101,234 140,997
CREDITORS
Amounts falling due within one year 81,466 117,873
NET CURRENT ASSETS 19,768 23,124
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,769
23,125

CAPITAL AND RESERVES
Called up share capital 3 66 66
Other reserves 34 34
Profit and loss account 19,669 23,025
SHAREHOLDERS' FUNDS 19,769 23,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 2nd September 2015 and were signed by:




Alan Boyd - Director


The notes form part of these abbreviated accounts

2
ELECTROFENCING SYSTEMS LIMITED (REGISTERED NUMBER: NI039374)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2014


1. ACCOUNTING POLICIES

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 April 2008).

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

Tangible fixed assets
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful
economic life of that asset as follows:

Equipment - 25% straight line

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
UserExpression:"balance sheet" NOT found! date.

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 the transaction. Exchange differences are taken into account in arriving at the operating profit.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held
separately from those of the company. The annual contributions payable are charged to the profit and loss
account.

3 continued...
ELECTROFENCING SYSTEMS LIMITED (REGISTERED NUMBER: NI039374)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2014


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2014
and 31st December 2014 827
DEPRECIATION
At 1st January 2014
and 31st December 2014 826
NET BOOK VALUE
At 31st December 2014 1
At 31st December 2013 1

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
66 Ordinary shares £1 66 66

4