Expeditor Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06394922 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Expeditor Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Butler

B Lissok

SECRETARY:

B Lissok

REGISTERED OFFICE:

Drovers

Haydon

Sherborne

Dorset

DT9 5JB

REGISTERED NUMBER:

06394922 (England and Wales)

ACCOUNTANTS:

Hunts Accountants

The Old Pump House

Oborne Road

Sherborne

Dorset

DT9 3RX

FIXED ASSETS

Intangible assets

2

28,841

34,413

Tangible assets

3

2,362

3,005

31,203

37,418

CURRENT ASSETS

Stocks

22,000

23,000

Debtors

10,515

3,338

32,515

26,338

CREDITORS

Amounts falling due within one year

37,855

26,384

NET CURRENT LIABILITIES

(5,340

)

(46

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,863

37,372

CAPITAL AND RESERVES

Called up share capital

4

81,667

Profit and loss account

(55,804

)

(44,295

)

SHAREHOLDERS' FUNDS

25,863

37,372

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 September 2016 and were signed on its behalf
by:

M Butler - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of fifteen years.

Patents & licences

Being the amount paid for the intellectual property rights of a cordless waiter call system. It is being amortised

evenly over its estimated useful life of five years.

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

-

25% on reducing balance

Computer equipment

-

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

86,346

AMORTISATION

At 1 January 2015

51,933

Amortisation for year

5,572

At 31 December 2015

57,505

NET BOOK VALUE

At 31 December 2015

28,841

At 31 December 2014

34,413

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

7,875

Additions

143

At 31 December 2015

8,018

DEPRECIATION

At 1 January 2015

4,870

Charge for year

786

At 31 December 2015

5,656

NET BOOK VALUE

At 31 December 2015

2,362

At 31 December 2014

3,005

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

1

81,667

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

31.12.15

31.12.14

£

B Lissok

Balance outstanding at start of year

1,500

Amounts advanced

1,500

-

Amounts repaid

(1,500

)

-

Balance outstanding at end of year

1,500

Director's loan was repaid within 9 months of the accounts year end.

6.	RELATED PARTY DISCLOSURES

Director's loan was repaid within nine months of the accounts year end.