Expedite Project Services Limited - Period Ending 2016-10-31

Registration number: 08727172

Expedite Project Services Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 31 October 2016
 

Expedite Project Services Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Expedite Project Services Limited
(Registration number: 08727172)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			16,013			17,860
Investments		2			-			70
					16,013			17,930
Current assets
Debtors					247,346			215,625
Cash at bank and in hand					76,944			17,396
					324,290			233,021
Creditors: Amounts falling due within one year					(213,053)			(142,850)
Net current assets					111,237			90,171
Total assets less current liabilities					127,250			108,101
Creditors: Amounts falling due after more than one year					(38,200)			-
Provisions for liabilities					(3,495)			(3,723)
Net assets					85,555			104,378
Capital and reserves
Called up share capital		3			4			1
Profit and loss account					85,551			104,377
Shareholders' funds					85,555			104,378

For the year ending 31 October 2016 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 directors acknowledge their 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 .

Approved by the Board on 30 December 2016 and signed on its behalf by:

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Expedite Project Services Limited
(Registration number: 08727172)
Abbreviated Balance Sheet at 31 October 2016
......... continued

.........................................
Mr Andrew John Woods
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Expedite Project Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	33.3% straight line basis
Office and computer equipment	33.3% straight line basis

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Expedite Project Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 November 2015		32,407			70			32,477
Additions		10,121			-			10,121
Disposals		-			(70)			(70)
At 31 October 2016		42,528			-			42,528
Depreciation
At 1 November 2015		14,547			-			14,547
Charge for the year		11,968			-			11,968
At 31 October 2016		26,515			-			26,515
Net book value
At 31 October 2016		16,013			-			16,013
At 31 October 2015		17,860			70			17,930

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
A ordinary share of £0.01 (2015 - £0.00) each		400			4			-			-
B ordinary share of £0.01 (2015 - £0.00) each		200			2			-			-
C ordinary share of £0.01 (2015 - £0.00) each		200			2			-			-
Ordinary shares of £1 each		-			-			1			1
		800			8			1			1

New shares allotted

During the year 300 A ordinary shares having an aggregate nominal value of £0 .01 were allotted for an aggregate consideration of £3 .

During the year 200 B ordinary shares having an aggregate nominal value of £0 .01 were allotted for an aggregate consideration of £2 .

During the year 200 C ordinary shares having an aggregate nominal value of £0 .01 were allotted for an aggregate consideration of £2 .

Page 4

Expedite Project Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

Reclassification

During the year, 1 Ordinary share was reclassified as 100 A ordinary shares.

4

Control

The company is controlled by Expedite Holding Group Limited.

Page 5