Registered number
04561709
E-Careers Limited
Abbreviated Accounts
31 March 2012
E-Careers Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of E-Careers Limited for the period ended 31 March 2012
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of E-Careers Limited for the period ended 31 March 2012 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
This report is made solely to the Board of Directors of E-Careers Limited, as a body, in accordance with the terms of our engagement letter dated 1 October 2011. Our work has been undertaken solely to prepare for your approval the accounts of E-Careers Limited and state those matters that we have agreed to state to the Board of Directors of E-Careers Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than E-Careers Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that E-Careers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of E-Careers Limited. You consider that E-Careers Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of E-Careers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts.
J S Gulati & Co
Chartered Accountants
4 Peter James Business Centre
Pump Lane
Hayes
Middlesex
UB3 3NT
26 October 2012
E-Careers Limited
Registered number: 04561709
Abbreviated Balance Sheet
as at 31 March 2012
Notes 2012 2010
£ £
Fixed assets
Tangible assets 2 201,848 203,115
Investments 3 9,950 17,611
211,798 220,726
Current assets
Stocks 47,588 -
Debtors 1,120,935 2,011
Cash at bank and in hand 297,717 32,050
1,466,240 34,061
Creditors: amounts falling due within one year (1,528,230) (62,047)
Net current liabilities (61,990) (27,986)
Total assets less current liabilities 149,808 192,740
Creditors: amounts falling due after more than one year (128,185) (142,336)
Net assets 21,623 50,404
Capital and reserves
Called up share capital 5 100 100
Profit and loss account 21,523 50,304
Shareholders' funds 21,623 50,404
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Jaswinder Gandhum
Director
Approved by the board on 26 October 2012
E-Careers Limited Registered number
Notes to the Abbreviated Accounts 04561709
for the period ended 31 March 2012
1 Accounting policies
Basis of preparation
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
Turnover represents sales of internet based courses net of VAT and trade discounts. Turnover is recognised when the courses are sold to the end user.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Leasehold property Straight line over the life of 50 years of an asset
Plant and machinery 25% reducing balance
Stocks
Stock and work in progress is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for any sunk costs, and any courses, developed, which are unlikely to develop further.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 November 2010 229,752
Additions 9,409
At 31 March 2012 239,161
Depreciation
At 1 November 2010 26,637
Charge for the period 10,676
At 31 March 2012 37,313
Net book value
At 31 March 2012 201,848
At 31 October 2010 203,115
3 Investments £
Cost
At 1 November 2010 17,611
Additions 8,700
Disposals (16,361)
At 31 March 2012 9,950
4 Loans 2012 2010
£ £
Creditors include:
Amounts falling due for payment after more than five years 105,049 114,388
Secured bank loans 137,524 151,675
5 Share capital Nominal 2012 2012 2010
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
E-Careers Limited 04561709 false true 2010-11-01 2012-03-31 2012-03-31 Jaswinder Gandhum 04561709 2010-10-30 04561709 uk-gaap:MoreThanFiveYears 2010-10-30 04561709 uk-bus:OrdinaryShareClass1 2010-10-30 04561709 2010-11-01 2012-03-31 04561709 uk-bus:Director40 2010-11-01 2012-03-31 04561709 uk-gaap:PlantMachinery 2010-11-01 2012-03-31 04561709 uk-bus:OrdinaryShareClass1 2010-11-01 2012-03-31 04561709 2012-03-31 04561709 uk-gaap:MoreThanFiveYears 2012-03-31 04561709 uk-bus:OrdinaryShareClass1 2012-03-31 04561709 2010-10-31 iso4217:GBP xbrli:shares

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