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REGISTERED NUMBER: 04177091 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 March 2020

for

E-commerce Computers Limited

E-commerce Computers Limited (Registered number: 04177091)






Contents of the Financial Statements
For The Year Ended 31 March 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


E-commerce Computers Limited

Company Information
For The Year Ended 31 March 2020







DIRECTORS: J H Steynor
Mrs E Steynor





REGISTERED OFFICE: Tumbletree Lodge
Whitchurch
Ross-on-wye
Herefordshire
HR9 6BZ





REGISTERED NUMBER: 04177091 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

E-commerce Computers Limited (Registered number: 04177091)

Abridged Balance Sheet
31 March 2020

31.3.20 31.3.19
Notes £    £   
CURRENT ASSETS
Debtors 79 453
Cash at bank 641 2,431
720 2,884
CREDITORS
Amounts falling due within one year 1,273 1,387
NET CURRENT (LIABILITIES)/ASSETS (553 ) 1,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

(553

)

1,497

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (653 ) 1,397
(553 ) 1,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2020 and
were signed on its behalf by:




J H Steynor - Director


E-commerce Computers Limited (Registered number: 04177091)

Notes to the Financial Statements
For The Year Ended 31 March 2020

1. STATUTORY INFORMATION

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

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 etc - 33% on cost

E-commerce Computers Limited (Registered number: 04177091)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2020

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and
Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes
party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and there
is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors 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 financing
transaction, where the transaction is measured at the present value of the future receipts
discounted at a market rate of interest.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries,
associates or joint ventures, are initially measured at fair value, which is normally the transaction
price. Such assets are subsequently carried at fair value and the changes in fair value are
recognised in profit or loss, except that investments in equity instruments that are not publicly
traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Trade debtors, loans and other debtors that have fixed or determinable payments that are not
quoted in an active market are classified as 'loans and debtors'. Loans and debtors are measured
at amortised cost using the effective interest method, less any impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for
indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more
events that occurred after the initial recognition of the financial asset, the estimated future cash
flows have been affected. The impairment loss is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the
asset expire, or when it transfers the financial asset and substantially all the risks and rewards of
ownership to another entity.

Classification of financial liabilities
Financial liabilities are classified according to the substance of the contractual arrangements
entered into. An equity instrument is any contract that evidences a residual interest in the assets
of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group
companies and preference shares that are classified as debt, are initially recognised at transaction
price 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate
method.


E-commerce Computers Limited (Registered number: 04177091)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2020

2. ACCOUNTING POLICIES - continued
Trade creditors are obligations to pay for goods or services that have been acquired in the
ordinary course of business from suppliers. Trade creditors are classified as current liabilities if
payment is due within one year. If not, they are presented as creditors falling due after more than
one year. Trade creditors are recognised initially at transaction price and subsequently measured at
amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when, and only when, the company's obligations are
discharged, cancelled, or they expire.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019
and 31 March 2020 11,526
DEPRECIATION
At 1 April 2019
and 31 March 2020 11,526
NET BOOK VALUE
At 31 March 2020 -
At 31 March 2019 -