Express Sourcing Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09800132 (England and Wales)

Abbreviated Unaudited Accounts

for the period

29 September 2015 to 31 March 2016

for

Express Sourcing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S M Walmsley

REGISTERED OFFICE:

Brookhouse Farm

Houghton Lane

Houghton

Preston

Lancashire

PR5 0JD

REGISTERED NUMBER:

09800132 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Tangible assets

2

250

CURRENT ASSETS

Debtors

168,006

Cash at bank and in hand

18,450

186,456

CREDITORS

Amounts falling due within one year

86,462

NET CURRENT ASSETS

99,994

TOTAL ASSETS LESS CURRENT LIABILITIES

100,244

CREDITORS

Amounts falling due after more than one year

(100,000

)

PROVISIONS FOR LIABILITIES

(50

)

NET ASSETS

194

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

193

SHAREHOLDERS' FUNDS

194

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

The members have not required the company to obtain an audit of its financial statements for the period 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 13 December 2016 and were signed by:

S M Walmsley - 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.

Computer equipment

-

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

333

At 31 March 2016

333

DEPRECIATION

Charge for period

83

At 31 March 2016

83

NET BOOK VALUE

At 31 March 2016

250

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was issued during the period for cash of £ 1 .