Abbreviated Company Accounts - EXPDESIGN.CO.UK LTD

EXPDESIGN.CO.UK LTD - Company Information

03993367 EXPDESIGN.CO.UK LTD 2016-05-31 false 2015-06-01 2016-05-31 true 03993367 2015-06-01 2016-05-31 03993367 2016-05-31 03993367 2015-05-31 03993367 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 03993367 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:Director3 2015-06-01 2016-05-31 uk-gaap-cd-bus:Director3 2016-05-31 uk-gaap-cd-bus:Director3 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-05-31 iso4217:GBP shares

Registered Number 03993367

EXPDESIGN.CO.UK LTD

Abbreviated Accounts

31 May 2016

EXPDESIGN.CO.UK LTD Registered Number 03993367

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	24,258	26,615
		24,258	26,615
Current assets
Stocks		17,663	28,000
Debtors		90,359	55,459
		108,022	83,459
Creditors: amounts falling due within one year	3	(126,702)	(101,583)
Net current assets (liabilities)		(18,680)	(18,124)
Total assets less current liabilities		5,578	8,491
Creditors: amounts falling due after more than one year	3	(2,778)	(6,111)
Provisions for liabilities		(1,875)	(2,180)
Total net assets (liabilities)		925	200
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		825	100
Shareholders' funds		925	200

For the year ending 31 May 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 24 February 2017

And signed on their behalf by:
Mr M L Bailey, Director

EXPDESIGN.CO.UK LTD Registered Number 03993367

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover is the total amount receivable by the company for goods supplied and services rendered, excluding VAT.

In respect of long-term contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold property - 2% straight line
Fixtures and fittings - 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2015	87,438
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	87,438
Depreciation
At 1 June 2015	60,823
Charge for the year	2,357
On disposals	-
At 31 May 2016	63,180
Net book values
At 31 May 2016	24,258
At 31 May 2015	26,615

3Creditors

	2016 £	2015 £
Secured Debts	30,610	30,079

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
95 A Ordinary shares of £1 each	95	95
5 B Ordinary shares of £1 each	5	5

5Transactions with directors

Name of director receiving advance or credit:	Mr M L Bailey
Description of the transaction:	Advanced loan
Balance at 1 June 2015:	£ 6,725
Advances or credits made:	£ 52,593
Advances or credits repaid:	-
Balance at 31 May 2016:	£ 59,318