Anglia Courier Express (East Anglia) Ltd - Period Ending 2015-12-31

Registration number: 05657841

Anglia Courier Express (East Anglia) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Lambert Chapman LLP
Chartered Accountants
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB

Anglia Courier Express (East Anglia) Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Registration number: 05657841

Anglia Courier Express (East Anglia) Ltd
Balance Sheet as at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			26,265			38,035
Current assets
Debtors					55,237			117,045
Cash at bank and in hand					25,370			24,546
					80,607			141,591
Creditors: Amounts falling due within one year					(73,332)			(157,356)
Net current assets/(liabilities)					7,275			(15,765)
Total assets less current liabilities					33,540			22,270
Creditors: Amounts falling due after more than one year					(1,668)			(6,207)
Provisions for liabilities					(3,462)			(4,422)
Net assets					28,410			11,641
Capital and reserves
Called up share capital		3			924			924
Capital redemption reserve					133			133
Profit and loss account					27,353			10,584
Shareholders' funds					28,410			11,641

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

Approved by the director on 24 June 2016

Mrs J M Holland
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Anglia Courier Express (East Anglia) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 courier services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005. The goodwill was being amortised over 10 years, after reassessing the economic climate this policy has been amended to 7 years.

Amortisation

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of seven years.

Asset class	Amortisation method and rate
Goodwill	Evenly Over 7 Years

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and Fittings	25% Reducing Balance Method
Motor Vehicles	25% Reducing Balance Method
Computer Equipment	25% Reducing Balance Method

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Page 2

Anglia Courier Express (East Anglia) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 January 2015		245,000			69,079			314,079
Additions		-			961			961
Disposals		-			(9,062)			(9,062)
At 31 December 2015		245,000			60,978			305,978
Depreciation
At 1 January 2015		245,000			31,044			276,044
Charge for the year		-			9,626			9,626
Eliminated on disposals		-			(5,957)			(5,957)
At 31 December 2015		245,000			34,713			279,713
Net book value
At 31 December 2015		-			26,265			26,265
At 31 December 2014		-			38,035			38,035

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A of £1 each		810			810			810			810
Ordinary B of £1 each		114			114			114			114
		924			924			924			924

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
Mrs J M Holland
Opening balance	-	-	33,249	-
Advances	20,779	-	208,601	-
Repayments	-	20,650	-	241,850
Closing Balance	-	-	-	-
	20,779	20,650	241,850	241,850

Page 3

Anglia Courier Express (East Anglia) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

5

Control

The company is controlled by Mrs J M Holland a director of the company.

Page 4