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REGISTERED NUMBER: 06809478 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2018

for

E2 Decorators Limited

E2 Decorators Limited (Registered number: 06809478)






Contents of the Financial Statements
for the year ended 31 March 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


E2 Decorators Limited

Company Information
for the year ended 31 March 2018







DIRECTORS: D Hall
P Dixon





REGISTERED OFFICE: 52 Farnham Terrace
High Barnes
Sunderland
Tyne and Wear
SR4 7SB





REGISTERED NUMBER: 06809478 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

E2 Decorators Limited (Registered number: 06809478)

Statement of Financial Position
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,225 9,558
Tangible assets 5 6,583 8,677
14,808 18,235

CURRENT ASSETS
Stocks 6 500 500
Debtors 7 84,600 90,324
Cash at bank and in hand 53,967 61,518
139,067 152,342
CREDITORS
Amounts falling due within one year 8 40,431 48,709
NET CURRENT ASSETS 98,636 103,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,444

121,868

PROVISIONS FOR LIABILITIES 1,250 1,734
NET ASSETS 112,194 120,134

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 112,094 120,034
SHAREHOLDERS' FUNDS 112,194 120,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

E2 Decorators Limited (Registered number: 06809478)

Statement of Financial Position - continued
31 March 2018


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 Board of Directors on 19 September 2018 and were signed on its behalf
by:




P Dixon - Director



D Hall - Director


E2 Decorators Limited (Registered number: 06809478)

Notes to the Financial Statements
for the year ended 31 March 2018

1. STATUTORY INFORMATION

E2 Decorators 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis,which assumes the company will
continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments.Basic financial instruments are recognised at transaction value and subsequently measured at their
settlement value.

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 statement of financial position date.


E2 Decorators Limited (Registered number: 06809478)

Notes to the Financial Statements - continued
for the year ended 31 March 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 20,000
AMORTISATION
At 1 April 2017 10,442
Amortisation for year 1,333
At 31 March 2018 11,775
NET BOOK VALUE
At 31 March 2018 8,225
At 31 March 2017 9,558

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017
and 31 March 2018 1,450 19,414 450 21,314
DEPRECIATION
At 1 April 2017 692 11,515 430 12,637
Charge for year 114 1,974 6 2,094
At 31 March 2018 806 13,489 436 14,731
NET BOOK VALUE
At 31 March 2018 644 5,925 14 6,583
At 31 March 2017 758 7,899 20 8,677

E2 Decorators Limited (Registered number: 06809478)

Notes to the Financial Statements - continued
for the year ended 31 March 2018

6. STOCKS
2018 2017
£    £   
Work-in-progress 500 500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 59,845 86,874
Other debtors 19,419 2,238
Prepayments 5,336 1,212
84,600 90,324

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 952 3,458
Tax 21,800 22,315
Social security and other taxes - 18,257
Directors' current accounts 10,291 3
Accrued expenses 7,388 4,676
40,431 48,709

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Hall and Mr P Dixon.