Registered number
04561709
E-Careers Limited
Abbreviated Accounts
31 March 2013
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 year ended 31 March 2013
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 year ended 31 March 2013 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 August 2012. 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 year.
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.
JS Gulati & Co
Chartered Accountants
4 Peter James Business Centre
Pump Lane
Hayes
Middlesex
UB3 3NT
19 December 2013
E-Careers Limited
Registered number: 04561709
Abbreviated Balance Sheet
as at 31 March 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 194,022 201,848
Investments 3 9,950 9,950
203,972 211,798
Current assets
Stocks 5,436 47,588
Debtors 889,444 1,120,935
Cash at bank and in hand 519,846 297,717
1,414,726 1,466,240
Creditors: amounts falling due within one year (1,212,818) (1,528,230)
Net current assets/(liabilities) 201,908 (61,990)
Total assets less current liabilities 405,880 149,808
Creditors: amounts falling due after more than one year (118,931) (128,185)
Net assets 286,949 21,623
Capital and reserves
Called up share capital 5 100 100
Profit and loss account 286,849 21,523
Shareholders' funds 286,949 21,623
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 19 December 2013
E-Careers Limited Registered number
Notes to the Abbreviated Accounts 04561709
for the year ended 31 March 2013
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.
Freehold property Straight line over the life of 50 years of 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 April 2012 239,162
At 31 March 2013 239,162
Depreciation
At 1 April 2012 37,314
Charge for the year 7,826
At 31 March 2013 45,140
Net book value
At 31 March 2013 194,022
At 31 March 2012 201,848
3 Investments £
Cost
At 1 April 2012 9,950
At 31 March 2013 9,950
4 Loans 2013 2012
£ £
Creditors include:
Amounts falling due for payment after more than five years 95,710 105,049
Secured bank loans 128,270 137,524
5 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
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