Abbreviated Company Accounts - EXCOMP LIMITED

04297596 EXCOMP LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 04297596 2013-01-01 2013-12-31 04297596 2013-12-31 04297596 2012-12-31 04297596 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 04297596 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 04297596

EXCOMP LIMITED

Abbreviated Accounts

31 December 2013

EXCOMP LIMITED Registered Number 04297596

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	1,602,817	1,662,591
		1,602,817	1,662,591
Current assets
Debtors		27,750	9,063
Cash at bank and in hand		46,643	35,004
		74,393	44,067
Creditors: amounts falling due within one year	3	(906,349)	(863,376)
Net current assets (liabilities)		(831,956)	(819,309)
Total assets less current liabilities		770,861	843,282
Creditors: amounts falling due after more than one year	3	(957,116)	(1,021,141)
Total net assets (liabilities)		(186,255)	(177,859)
Capital and reserves
Called up share capital	4	99	99
Profit and loss account		(186,354)	(177,958)
Shareholders' funds		(186,255)	(177,859)

For the year ending 31 December 2013 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 directors acknowledge their 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 Board on 27 March 2015

And signed on their behalf by:
R A G Aboobaker, Director

EXCOMP LIMITED Registered Number 04297596

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:

Freehold property - 4% Straight line per annum

Valuation information and policy
Investment properties

Investment properties are not stated at market value as required by Statement of Standard
Accounting Practice No.19 but are stated at cost less accumulated depreciation. Depreciation is
calculated in accordance with the policy set out above.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments 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 entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 January 2013	2,192,393
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	2,192,393
Depreciation
At 1 January 2013	529,802
Charge for the year	59,774
On disposals	-
At 31 December 2013	589,576
Net book values
At 31 December 2013	1,602,817
At 31 December 2012	1,662,591

3Creditors

	2013 £	2012 £
Secured Debts	421,141	565,095
Instalment debts due after 5 years	140,528	172,780

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
99 Ordinary shares of £1 each	99	99