Company Registration No. 07055270 (England and Wales)
Eco Systems Direct Limited
Abbreviated unaudited accounts
for the year ended 30 September 2016
Eco Systems Direct Limited
Abbreviated Balance Sheet
as at 30 September 2016
Tangible assets
52,492
59,628
Cash at bank and in hand
27,142
7,659
Creditors: amounts falling due within one year
(166,188)
(246,945)
Net current assets
10,628
20,057
Total assets less current liabilities
63,120
79,685
Creditors: amounts falling due after more than one year
(51,760)
(71,284)
Provisions for liabilities
(3,136)
(3,722)
Called up share capital
2
2
Profit and loss account
8,222
4,677
Total shareholders' funds
8,224
4,679
For the year ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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.
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 January 2015).
Approved by the board on 24 July 2017
Mr Declan McDonald
Director
Company Registration No. 07055270
Eco Systems Direct Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
10% Straight Line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Eco Systems Direct Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2016
At 30 September 2016
90,053
At 30 September 2016
37,561
At 30 September 2016
52,492
At 30 September 2015
59,628
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
