UR LOCAL EXPRESS LIMITED - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07534365 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

UR LOCAL EXPRESS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K Komaleswaran

REGISTERED OFFICE:

64 Oakington Avenue

Wembley

Middlesex

HA9 8HZ

REGISTERED NUMBER:

07534365 (England and Wales)

ACCOUNTANT:

P S Nagarajah B.Sc., F.C.A.

Chartered Accountant & Registered Auditor

64 Oakington Avenue

Wembley

Middlesex

HA9 8HZ

FIXED ASSETS

Tangible assets

2

23,387

23,387

CURRENT ASSETS

Stocks

128,532

73,568

Debtors

-

949

Cash at bank

377

148

128,909

74,665

CREDITORS

Amounts falling due within one year

99,430

52,716

NET CURRENT ASSETS

29,479

21,949

TOTAL ASSETS LESS CURRENT LIABILITIES

52,866

45,336

CREDITORS

Amounts falling due after more than one year

33,651

33,651

NET ASSETS

19,215

11,685

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

19,214

11,684

SHAREHOLDERS' FUNDS

19,215

11,685

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 30 November 2015 and were signed by:

K Komaleswaran - 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.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

34,325

DEPRECIATION

At 1 March 2014

and 28 February 2015

10,938

NET BOOK VALUE

At 28 February 2015

23,387

At 28 February 2014

23,387

3.	CALLED UP SHARE CAPITAL