Abbreviated Company Accounts - EXPRESSTRADE LIMITED

EXPRESSTRADE LIMITED - Company Information

05221034 EXPRESSTRADE LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 05221034 2013-09-01 2014-08-31 05221034 2014-08-31 05221034 2013-08-31 05221034 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 05221034 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 05221034

EXPRESSTRADE LIMITED

Abbreviated Accounts

31 August 2014

EXPRESSTRADE LIMITED Registered Number 05221034

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	10,602	2,507
		10,602	2,507
Current assets
Stocks		13,640	11,650
Debtors		7,773	3,628
Cash at bank and in hand		13,493	15,903
		34,906	31,181
Creditors: amounts falling due within one year		(134,200)	(103,236)
Net current assets (liabilities)		(99,294)	(72,055)
Total assets less current liabilities		(88,692)	(69,548)
Total net assets (liabilities)		(88,692)	(69,548)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(88,694)	(69,550)
Shareholders' funds		(88,692)	(69,548)

For the year ending 31 August 2014 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 19 May 2015

And signed on their behalf by:
M.DANIEL, Director

EXPRESSTRADE LIMITED Registered Number 05221034

Notes to the Abbreviated Accounts for the period ended 31 August 2014

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.

As at 31st August 2014, the company had net liabilities of £88,692. The accounts have continued to be prepared on a going concern basis as a result of on going financial support from Daniels Holdings Limited. At the year end, he company owed £118,225 (2013 £91,225) to Daniels Holdings Limited.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation

Plant and machinery - 25% straight line
Fixtures and fittings - 25% straight line
Motor vehicles - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 September 2013	26,971
Additions	14,137
Disposals	(13,750)
Revaluations	-
Transfers	-
At 31 August 2014	27,358
Depreciation
At 1 September 2013	24,464
Charge for the year	3,535
On disposals	(11,243)
At 31 August 2014	16,756
Net book values
At 31 August 2014	10,602
At 31 August 2013	2,507

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2