Eclipse Enterprises and Associates Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02933965 (England and Wales)

ECLIPSE ENTERPRISES AND ASSOCIATES

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R B Bryan

REGISTERED OFFICE:

Highland House

Mayflower Close

Chandlers Ford

Eastleigh

Hampshire

SO53 4AR

REGISTERED NUMBER:

02933965 (England and Wales)

FIXED ASSETS

Tangible assets

4

2,865

3,821

CURRENT ASSETS

Debtors

5

4,913

-

Cash at bank

-

9,854

4,913

9,854

CREDITORS

Amounts falling due within one year

6

(5,263

)

(21,471

)

NET CURRENT LIABILITIES

(350

)

(11,617

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,515

(7,796

)

PROVISIONS FOR LIABILITIES

7

(545

)

-

NET ASSETS/(LIABILITIES)

1,970

(7,796

)

CAPITAL AND RESERVES

Called up share capital

1,400

1,400

Retained earnings

570

(9,196

)

SHAREHOLDERS' FUNDS

1,970

(7,796

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 4 May 2018 and were signed by:

Mr R B Bryan - Director

1.	STATUTORY INFORMATION

Eclipse Enterprises and Associates Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards

applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as

applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure

is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain

financial instruments at fair value. The principal accounting policies adopted are set out below.

These financial statements are the first financial statements Eclipse Enterprises and Associates Limited have

prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in

the UK and Republic of Ireland' (FRS 102), as applied to smaller entities by the adoption of Section 1A of

FRS102. The financial statements of Eclipse Enterprises Limited for the year ended 30 September 2016 were

prepared in accordance with previous UK GAAP.

Turnover

Turnover represents the amount derived from the provision of services falling within the company's activities,

together with revenue being recognised as project activity progresses to reflect the partial performance of

contractual obligations. Revenue that is yet to be billed is included in amounts recoverable on contracts.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off

the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following

bases:

Fixtures and fittings - 25% per annum reducing balance basis

Motor vehicles - 25% per annum reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and

the carrying value of the asset and is recognised in the income statement.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct

issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the

discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and

subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the

debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes

party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the

effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is

measured at the present value of the future receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2016

and 30 September 2017

5,689

5,995

11,684

DEPRECIATION

At 1 October 2016

4,397

3,466

7,863

Charge for year

323

633

956

At 30 September 2017

4,720

4,099

8,819

NET BOOK VALUE

At 30 September 2017

969

1,896

2,865

At 30 September 2016

1,292

2,529

3,821

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

859

-

Other debtors

4,054

-

4,913

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

3,008

-

Trade creditors

406

8,196

Taxation and social security

549

-

Other creditors

1,300

13,275

5,263

21,471

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

545

-

Deferred

tax

£

Provided during year

545

Balance at 30 September 2017

545

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2017 and

30 September 2016:

2017

2016

£

£

Mr R B Bryan

Balance outstanding at start of year

-

-

Amounts advanced

4,054

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,054

-

The above loan is interest free and repayable on demand.