Express Workwear Limited - Dormant accounts - members and to registrar (filleted) 18.1.1

REGISTERED NUMBER: 04271707 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2019

FOR

EXPRESS WORKWEAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Batson

Mr M T Batson

REGISTERED OFFICE:

Unit 5 North Crescent

Diplocks Way

Hailsham

East Sussex

BN27 3JF

REGISTERED NUMBER:

04271707 (England and Wales)

ACCOUNTANTS:

Honey Barrett Limited

53 Gildredge Road

Eastbourne

East Sussex

BN21 4SF

CURRENT ASSETS

Debtors

6

826

-

Cash at bank

-

2,923

826

2,923

CREDITORS

Amounts falling due within one year

7

-

2,097

NET CURRENT ASSETS

826

TOTAL ASSETS LESS CURRENT
LIABILITIES

826

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

726

SHAREHOLDERS' FUNDS

826

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors on 20 March 2020 and were
signed on its behalf by:

Mrs C Batson - Director

1.	STATUTORY INFORMATION

Express Workwear 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The company was dormant throughout the year ended 30 September 2019. However,

reference to information relating to the year ended 30 September 2018 has been made

where appropriate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

All fixed assets are initially recorded at cost

Financial instruments

The Company only enters into basic financial instruments transactions that result in the

recognition of financial assets and liabilities, like trade and other accounts receivable and

payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including

loans and other accounts receivable and payable, are initially measured at the present value

of the future cash flows and subsequently measured at amortised cost using the effective

interest method. Debt instruments that are payable or receivable within one year, typically

trade payables or receivables, are measured, initially and subsequently, at the undiscounted

transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the

payment of a trade debt deferred beyond normal business terms or financed at a rate of

interest that is not a market rate, the financial asset or liability is measured, initially, at the

present value of the future cash flow discounted at a market rate of interest for a similar debt

instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the

difference between an asset's carrying amount and the present value of the estimated cash

flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as

the difference between an asset's carrying amount and best estimate of the recoverable

amount, which is an approximation of the amount that the Company would receive for the

asset if it were to be sold at the reporting date.

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.

Where the contractual obligations of financial instruments (including share capital) are

equivalent to a similar debt instrument, those financial instruments are classed as financial

liabilities. Financial liabilities are presented as such in the balance sheet and measured as

detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of

a financial liability then this is classed as an equity instrument. Dividends and distributions

relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability

using the effective interest method so that the amount charged is at a constant rate on the

carrying amount.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2018

and 30 September 2019

9,783

DEPRECIATION

At 1 October 2018

and 30 September 2019

9,783

NET BOOK VALUE

At 30 September 2019

-

At 30 September 2018

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Amounts owed by group undertakings

826

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade creditors

-

400

Directors' loan accounts

-

1,392

Accruals and deferred income

-

305

-

2,097

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

100

Ordinary A

1

100