Xpress Centres Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09300936 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 7 November 2014 to 31 July 2015

for

Xpress Centres Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Steven John Barrett

James Robert Wedge

SECRETARY:

KT Accountants Ltd

REGISTERED OFFICE:

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

REGISTERED NUMBER:

09300936 (England and Wales)

ACCOUNTANTS:

KT Accountants Limited

Castle Farm Barn North

Denmead Road

Southwick

Hampshire

PO17 6EX

FIXED ASSETS

Tangible assets

2

3,555

CURRENT ASSETS

Stocks

1,220

Debtors

17,226

Cash at bank and in hand

9,077

27,523

CREDITORS

Amounts falling due within one year

29,945

NET CURRENT LIABILITIES

(2,422

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,133

CREDITORS

Amounts falling due after more than one year

7,000

NET LIABILITIES

(5,867

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(5,967

)

SHAREHOLDERS' FUNDS

(5,867

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 April 2016 and were signed on its behalf by:

James Robert Wedge - Director

Steven John Barrett - 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 January

2015).

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.

Fixtures and fittings

-

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

Additions

4,740

At 31 July 2015

4,740

DEPRECIATION

Charge for period

1,185

At 31 July 2015

1,185

NET BOOK VALUE

At 31 July 2015

3,555

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

4.	GOING CONCERN

There was a net deficiency of assets of £5,867 at the balance sheet date, however the

directors and the group undertakings have confirmed continued support of the company so

it retains sufficient working capital to continue trading for the foreseeable future.