Echoprime Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01956689 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

ECHOPRIME LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Smalley

SECRETARY:

L Smalley

REGISTERED OFFICE:

13 Princeton Court 53-55 Felsham Road

Putney

London

SW15 1AZ

REGISTERED NUMBER:

01956689 (England and Wales)

ACCOUNTANTS:

Kirk Rice LLP

13 Princeton Court

53 to 55 Felsham Road

Putney

London

SW15 1AZ

FIXED ASSETS

Tangible assets

2

186,328

282,277

CURRENT ASSETS

Stocks

5,400

5,819

Debtors

299,906

318,496

Cash at bank and in hand

118,642

223,243

423,948

547,558

CREDITORS

Amounts falling due within one year

160,640

151,924

NET CURRENT ASSETS

263,308

395,634

TOTAL ASSETS LESS CURRENT
LIABILITIES

449,636

677,911

PROVISIONS FOR LIABILITIES

-

8,865

NET ASSETS

449,636

669,046

CAPITAL AND RESERVES

Called up share capital

3

1,500

Share premium

99,500

Profit and loss account

348,636

568,046

SHAREHOLDERS' FUNDS

449,636

669,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 20 January 2017 and were signed by:

R Smalley - 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 amounts invoiced during the year, exclusive of 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.

Plant and machinery etc

-

25% on cost, 20% on cost, 15% on cost and Period of lease

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 balance sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

2,475,007

Additions

53,046

At 30 April 2016

2,528,053

DEPRECIATION

At 1 May 2015

2,192,730

Charge for year

148,995

At 30 April 2016

2,341,725

NET BOOK VALUE

At 30 April 2016

186,328

At 30 April 2015

282,277

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,500

Ordinary shares

£1

1,500

4.	RELATED PARTY DISCLOSURES

R Smalley

Director

2016

2015

£

Amount due from related party at the balance sheet date

-

65,141

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Smalley.