Excell Rail Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06812988 (England and Wales)

EXCELL RAIL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

28 FEBRUARY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Dummer

REGISTERED OFFICE:

8 Church Green East

Redditch

Worcestershire

B98 8BP

REGISTERED NUMBER:

06812988 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

2

28,762

5,400

28,762

5,400

CURRENT ASSETS

Debtors

125,712

66,920

Cash at bank

31,261

594

156,973

67,514

CREDITORS

Amounts falling due within one year

165,820

70,273

NET CURRENT LIABILITIES

(8,847

)

(2,759

)

TOTAL ASSETS LESS CURRENT LIABILITIES

19,915

2,641

PROVISIONS FOR LIABILITIES

5,752

-

NET ASSETS

14,163

2,641

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

14,153

2,631

SHAREHOLDERS' FUNDS

14,163

2,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 16 November 2015 and were signed by:

D Dummer - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

7,200

Additions

38,350

Disposals

(7,200

)

At 28 February 2015

38,350

DEPRECIATION

At 1 March 2014

1,800

Charge for year

9,588

Eliminated on disposal

(1,800

)

At 28 February 2015

9,588

NET BOOK VALUE

At 28 February 2015

28,762

At 28 February 2014

5,400

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

10

Ordinary

£1

10

10