Ernst & Ernst (Sales) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04581874 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

ERNST & ERNST (SALES) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Ernst

Mrs A C Ernst

SECRETARY:

Mrs A C Ernst

REGISTERED OFFICE:

Units 3 and 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

REGISTERED NUMBER:

04581874 (England and Wales)

ACCOUNTANTS:

Buckleys

Chartered Accountants

Units 3 & 4 Shelley Farm

Shelley Lane

Ower

Romsey

Hampshire

SO51 6AS

FIXED ASSETS

Tangible assets

2

1,104

1,298

CURRENT ASSETS

Debtors

276,656

100,978

Cash at bank

43,853

34,038

320,509

135,016

CREDITORS

Amounts falling due within one year

154,729

94,191

NET CURRENT ASSETS

165,780

40,825

TOTAL ASSETS LESS CURRENT LIABILITIES

166,884

42,123

CREDITORS

Amounts falling due after more than one year

124,000

-

NET ASSETS

42,884

42,123

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

42,882

42,121

SHAREHOLDERS' FUNDS

42,884

42,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 29 February 2016 and were signed on its behalf by:

J Ernst - Director

Mrs A C Ernst - Director

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Employee benefit trust

During the year the Company made a contribution into The Ernst & Ernst (Sales) Limited

2014 Employee Benefit Trust ("The Scheme") for the benefit of its officers, employees and

their wider families.

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate

payment arrangements" the Company does not include the assets and liabilities of The

Scheme on its balance sheet to the extent that it considers that it will not retain any

economic benefit from the assets of The Scheme and will not have control of the rights or

other access to those present economic benefits.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

4,585

DEPRECIATION

At 1 June 2014

3,287

Charge for year

194

At 31 May 2015

3,481

NET BOOK VALUE

At 31 May 2015

1,104

At 31 May 2014

1,298

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 May 2015 and 31 May 2014:

31.5.15

31.5.14

£

£

J Ernst and Mrs A C Ernst

Balance outstanding at start of year

14,555

45,095

Amounts advanced

77,917

99,291

Amounts repaid

(15,912

)

(129,831

)

Balance outstanding at end of year

76,560

14,555

The company was under the control of Mr J. Ernst throughout the current and previous

year. Mr Ernst is the Managing director and majority shareholder.