Ez Bitz Ltd - Period Ending 2016-03-31

Registration number: 08991855

Ez Bitz Ltd

Annual Report and Unaudited Accounts

for the Year Ended 31 March 2016
 

Ez Bitz Ltd
(Registration number: 08991855)
Balance Sheet at 31 March 2016

		Note			31 March 2016 £			31 March 2015 £
Fixed assets
Intangible fixed assets		2			1,344			1,344
Current assets
Stocks					15,000			15,000
Debtors					1,716			1,717
Cash at bank and in hand					211			210
					16,927			16,927
Creditors: Amounts falling due within one year					(25,525)			(25,525)
Net current liabilities					(8,598)			(8,598)
Net liabilities					(7,254)			(7,254)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(7,354)			(7,354)
Shareholders' deficit					(7,254)			(7,254)

For the year ending 31 March 2016 the company was entitled to exemption under section 480 of the Companies Act 2006 relating to dormant companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the Board on 15 December 2016 and signed on its behalf by:

C J Warde
 Director

The notes on page 2 form an integral part of these financial statements.
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Ez Bitz Ltd
Notes to the financial statements for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Trading status

The company was dormant and has not traded during the year.

Amortisation

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

Asset class	Amortisation method and rate
Patent costs	5 years straight line method

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.

2	Intangible fixed assets

		Patents £			Total £
Cost
At 1 April 2015		1,680			1,680
At 31 March 2016		1,680			1,680
Amortisation
At 1 April 2015		336			336
At 31 March 2016		336			336
Net book value
At 31 March 2016		1,344			1,344
At 31 March 2015		1,344			1,344

3	Share capital

Allotted, called up and fully paid shares

	31 March 2016						31 March 2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

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