Ekjas Express Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11412260 (England and Wales)

Financial Statements for the Year Ended 31 May 2020

for

Ekjas Express Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr Amerjit Singh Sareen

REGISTERED OFFICE:

Bridge House

9 - 13 Holbrook Lane

Coventry,

CV6 4AD

REGISTERED NUMBER:

11412260 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Intangible assets

4

40,000

40,000

Tangible assets

5

2,500

3,333

42,500

43,333

CURRENT ASSETS

Stocks

6

37,185

31,106

Cash at bank and in hand

8,841

4,917

46,026

36,023

CREDITORS

Amounts falling due within one year

7

83,092

75,462

NET CURRENT LIABILITIES

(37,066

)

(39,439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,434

3,894

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

5,334

3,794

SHAREHOLDERS' FUNDS

5,434

3,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2021 and were signed by:

Mr Amerjit Singh Sareen - Director

1.	STATUTORY INFORMATION

Ekjas Express 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net sales of invoiced goods and services excluding Value Added Tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2019

and 31 May 2020

40,000

NET BOOK VALUE

At 31 May 2020

40,000

At 31 May 2019

40,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2019

and 31 May 2020

4,000

DEPRECIATION

At 1 June 2019

667

Charge for year

833

At 31 May 2020

1,500

NET BOOK VALUE

At 31 May 2020

2,500

At 31 May 2019

3,333

6.

STOCKS

31.5.20

31.5.19

£

£

Stocks

37,185

31,106

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade creditors

6,584

4,868

Corporation tax

665

108

Value Added Tax

594

433

Directors' current accounts

75,249

70,053

83,092

75,462

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.20

31.5.19

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 June 2019

3,794

Profit for the year

1,540

At 31 May 2020

5,334

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 May 2020 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................