UR LOCAL EXPRESS LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 07534365 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2016

for

UR LOCAL EXPRESS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Komaleswaran

REGISTERED OFFICE:

64 Oakington Avenue

Wembley

Middlesex

HA9 8HZ

REGISTERED NUMBER:

07534365 (England and Wales)

ACCOUNTANT:

P S Nagarajah B.Sc., F.C.A.

Chartered Accountant & Registered Auditor

64 Oakington Avenue

Wembley

Middlesex

HA9 8HZ

FIXED ASSETS

Tangible assets

2

23,387

CURRENT ASSETS

Stocks

195,124

128,532

Cash at bank

9

377

195,133

128,909

CREDITORS

Amounts falling due within one
year

160,624

99,430

NET CURRENT ASSETS

34,509

29,479

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,896

52,866

CREDITORS

Amounts falling due after more
than one year

33,651

NET ASSETS

24,245

19,215

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

24,244

19,214

SHAREHOLDERS' FUNDS

24,245

19,215

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 December 2016 and were
signed by:

K Komaleswaran - 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.

Plant and machinery etc

-

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 28 February 2016

34,325

DEPRECIATION

At 1 March 2015

and 28 February 2016

10,938

NET BOOK VALUE

At 28 February 2016

23,387

At 28 February 2015

23,387

3.	CALLED UP SHARE CAPITAL