Abbreviated Company Accounts - ECO SYSTEMS IRELAND LIMITED

Abbreviated Company Accounts - ECO SYSTEMS IRELAND LIMITED


Registered Number NI045716

ECO SYSTEMS IRELAND LIMITED

Abbreviated Accounts

31 March 2014

ECO SYSTEMS IRELAND LIMITED Registered Number NI045716

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 385 453
385 453
Current assets
Stocks 18,600 18,750
Debtors 99 266
Cash at bank and in hand 2,126 101
20,825 19,117
Creditors: amounts falling due within one year (35,200) (32,956)
Net current assets (liabilities) (14,375) (13,839)
Total assets less current liabilities (13,990) (13,386)
Total net assets (liabilities) (13,990) (13,386)
Capital and reserves
Called up share capital 3 4 4
Profit and loss account (13,994) (13,390)
Shareholders' funds (13,990) (13,386)
  • For the year ending 31 March 2014 the company was entitled to exemption 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.

Approved by the Board on 23 December 2014

And signed on their behalf by:
JOHN McCONNELL, Director

ECO SYSTEMS IRELAND LIMITED Registered Number NI045716

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The company's turnover represents the value, excluding VAT, of income received during the year. Turnover is attributable to the one principal activity of the company.

Tangible assets depreciation policy
Depreciation has been computed to write off the cost of the tangible assets over their expected useful lives using the following rates:
Plant & Equipment: 15% Reducing Balance

Valuation information and policy
Stocks (and WIP) have been valued at the lower of cost and net realisable value; in respect of cost is calculated on a first in first out basis: in respect of WIP and finished goods includes a relevant proportion of overheads according to the stage of completion. Net realisable value is the amount at which stocks can be expected to be realised less all further costs to completion and sale.

2Tangible fixed assets
£
Cost
At 1 April 2013 1,042
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 1,042
Depreciation
At 1 April 2013 589
Charge for the year 68
On disposals -
At 31 March 2014 657
Net book values
At 31 March 2014 385
At 31 March 2013 453
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
4 Ordinary shares of £1 each 4 4