Ernst & Ernst (Sales) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04581874 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

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

S J Ernst

Miss P J 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

938

1,104

CURRENT ASSETS

Debtors

182,809

276,656

Cash at bank

58,388

43,853

241,197

320,509

CREDITORS

Amounts falling due within one year

201,218

154,729

NET CURRENT ASSETS

39,979

165,780

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,917

166,884

CREDITORS

Amounts falling due after more than
one year

-

124,000

NET ASSETS

40,917

42,884

CAPITAL AND RESERVES

Called up share capital

3

200

2

Profit and loss account

40,717

42,882

SHAREHOLDERS' FUNDS

40,917

42,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 22 December 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 January

2015).

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

4,585

DEPRECIATION

At 1 June 2015

3,481

Charge for year

166

At 31 May 2016

3,647

NET BOOK VALUE

At 31 May 2016

938

At 31 May 2015

1,104

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

NIL

Ordinary

£1

-

2

100

Ordinary A

£1

100

-

100

Ordinary B, C, D and E

£1

100

-

200

2

The following shares were allotted and fully paid for cash at par during the year:

100 Ordinary A shares of £1 each

100 Ordinary B, C, D and E shares of £1 each

During the year the existing Ordinary shares were reclassified as Ordinary A.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 May 2016 and 31 May 2015:

31.5.16

31.5.15

£

J Ernst and Mrs A C Ernst

Balance outstanding at start of year

76,560

14,555

Amounts advanced

79,189

77,917

Amounts repaid

(343,479

)

(15,912

)

Balance outstanding at end of year

(187,730

)

76,560

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.