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

REGISTERED NUMBER: 11412260 (England and Wales)

Financial Statements for the Year Ended 31 May 2021

for

Ekjas Express Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

1,875

2,500

41,875

42,500

CURRENT ASSETS

Stocks

36,736

37,185

Cash at bank and in hand

5,047

8,841

41,783

46,026

CREDITORS

Amounts falling due within one year

6

28,931

83,092

NET CURRENT ASSETS/(LIABILITIES)

12,852

(37,066

)

TOTAL ASSETS LESS CURRENT LIABILITIES

54,727

5,434

CREDITORS

Amounts falling due after more than one year

7

50,000

-

NET ASSETS

4,727

5,434

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

4,627

5,334

SHAREHOLDERS' FUNDS

4,727

5,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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 31 January 2022 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.

Plant and machinery etc

-

25% on reducing balance

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 2 (2020 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2020

and 31 May 2021

40,000

NET BOOK VALUE

At 31 May 2021

40,000

At 31 May 2020

40,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2020

and 31 May 2021

4,000

DEPRECIATION

At 1 June 2020

1,500

Charge for year

625

At 31 May 2021

2,125

NET BOOK VALUE

At 31 May 2021

1,875

At 31 May 2020

2,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade creditors

8,670

6,584

Taxation and social security

733

1,259

Other creditors

19,528

75,249

28,931

83,092

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans

50,000

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.21

31.5.20

value:

£

£

100

Ordinary

£1

100

100