Elinas Impo-Expo Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07127166 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31 March 2016

for

ELINAS IMPO-EXPO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

A Gkogkas

REGISTERED OFFICE:

13 Tancred Road

Wallasey

Merseyside

CH45 4RT

REGISTERED NUMBER:

07127166 (England and Wales)

ACCOUNTANTS:

Charles & Company

Chartered Accountants

66 Cross Street

Sale

Manchester

M33 7AN

FIXED ASSETS

Tangible assets

2

1,657

1,768

CURRENT ASSETS

Stocks

22,564

45,020

Debtors

76,542

158,963

Cash in hand

601

1,051

99,707

205,034

CREDITORS

Amounts falling due within one year

90,832

194,439

NET CURRENT ASSETS

8,875

10,595

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,532

12,363

CREDITORS

Amounts falling due after more than one
year

-

5,176

NET ASSETS

10,532

7,187

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

10,332

6,987

SHAREHOLDERS' FUNDS

10,532

7,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 7 June 2016 and were signed by:

A Gkogkas - 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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

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 April 2015

5,760

Additions

415

At 31 March 2016

6,175

DEPRECIATION

At 1 April 2015

3,992

Charge for year

526

At 31 March 2016

4,518

NET BOOK VALUE

At 31 March 2016

1,657

At 31 March 2015

1,768

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

10

Ordinary

20

200

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

2016

2015

£

A Gkogkas

Balance outstanding at start of year

1,295

1,242

Amounts advanced

1,649

1,195

Amounts repaid

(1,295

)

(1,142

)

Balance outstanding at end of year

1,649

1,295

Advances to director were interest free and repayable on demand.

5.	CONTROLLING PARTY

During the period the company was under the control of the director by virtue of his interest in the issued share

capital.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Elinas Impo-Expo Limited for the year ended 31 March 2016 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Elinas Impo-Expo Limited in accordance with the terms of our engagement letter dated 19 July 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Elinas Impo-Expo Limited and state those matters that we have agreed to state to the director of Elinas Impo-Expo Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Elinas Impo-Expo Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Elinas Impo-Expo Limited. You consider that Elinas Impo-Expo Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elinas Impo-Expo Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charles & Company

Chartered Accountants

66 Cross Street

Sale

Manchester

M33 7AN

7 June 2016