Excell Rail Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06812988 (England and Wales)

EXCELL RAIL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Dummer

REGISTERED OFFICE:

8 Church Green East

Redditch

Worcestershire

B98 8BP

REGISTERED NUMBER:

06812988 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

2

20,447

28,762

20,447

28,762

CURRENT ASSETS

Debtors

288,556

125,712

Cash at bank

10,951

31,261

299,507

156,973

CREDITORS

Amounts falling due within one year

282,908

165,820

NET CURRENT ASSETS/(LIABILITIES)

16,599

(8,847

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,046

19,915

PROVISIONS FOR LIABILITIES

4,089

5,752

NET ASSETS

32,957

14,163

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

32,947

14,153

SHAREHOLDERS' FUNDS

32,957

14,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 31 October 2016 and were signed by:

D Dummer - 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.

Motor vehicles

-

25% on reducing balance

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 March 2015

38,350

Disposals

(2,000

)

At 28 February 2016

36,350

DEPRECIATION

At 1 March 2015

9,588

Charge for year

6,815

Eliminated on disposal

(500

)

At 28 February 2016

15,903

NET BOOK VALUE

At 28 February 2016

20,447

At 28 February 2015

28,762

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

10

Ordinary

£1

10