The Electric Barge Limited - Filleted accounts

THE ELECTRIC BARGE LIMITED - Company Information

The Electric Barge Limited
Registered number:		09952676
Balance Sheet
as at 31 March 2017

Notes			2017
£
Current assets
Debtors	2	13,937
Cash at bank and in hand		49,147
		63,084

Creditors: amounts falling due within one year	3	(63,084)

Net current assets			-

Net assets			-

Capital and reserves

Shareholders' funds			-

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Simon Ryder
Director
Approved by the board on 6 October 2017

The Electric Barge Limited
Notes to the Accounts
for the year ended 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Debtors	2017
£

	Trade debtors	13,937


3	Creditors: amounts falling due within one year	2017
£

	Trade creditors	17,656
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	19,123
	Other taxes and social security costs	2,589
	Other creditors	23,716
		63,084


4	Other information

	The Electric Barge Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 122 Great Western Studios
	65 Alfred Road
	London
	W2 5EU