Ecosky Environmental Solutions Limited - Period Ending 2015-03-31

Ecosky Environmental Solutions Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015

Beever and Struthers
Chartered Accountants
St George's House
215 - 219 Chester Road
Manchester
Lancashire
M15 4JE

Ecosky Environmental Solutions Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Ecosky Environmental Solutions Limited
(Registration number: 06850974)
Abbreviated Balance Sheet at 31 March 2015

	Note	2015 £	2014 £
Fixed assets
Tangible fixed assets		3,979	4,331
Current assets
Debtors		757,446	642,009
Cash at bank and in hand		93,081	183,084
		850,527	825,093
Creditors: Amounts falling due within one year		(518,268)	(593,294)
Net current assets		332,259	231,799
Total assets less current liabilities		336,238	236,130
Provisions for liabilities		-	(38,327)
Net assets		336,238	197,803
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		335,238	196,803
Shareholders' funds		336,238	197,803

For the year ending 31 March 2015 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 director acknowledges his 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 director on 9 July 2015

.........................................
Mr Zefei Chen
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Ecosky Environmental Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on reducing balance
Motor vehicles	Over 3 years

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

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 rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Ecosky Environmental Solutions Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2014	6,296	6,296
Additions	8,850	8,850
Disposals	(8,500)	(8,500)
At 31 March 2015	6,646	6,646
Depreciation
At 1 April 2014	1,965	1,965
Charge for the year	3,535	3,535
Eliminated on disposals	(2,833)	(2,833)
At 31 March 2015	2,667	2,667
Net book value
At 31 March 2015	3,979	3,979
At 31 March 2014	4,331	4,331

3	Share capital

Allotted, called up and fully paid shares

	2015			2014
		No.	£		No.	£
Ordinary shares of £1 each		1,000	1,000		1,000	1,000

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