Micro-entity Accounts - EAST WEST SHIPPING SERVICES LIMITED

EAST WEST SHIPPING SERVICES LIMITED - Company Information

03537397 EAST WEST SHIPPING SERVICES LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 03537397 2016-04-01 2017-03-31 03537397 2017-03-31 03537397 2016-03-31 03537397 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 03537397 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 03537397 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP shares

Registered Number 03537397

EAST WEST SHIPPING SERVICES LIMITED

Micro-entity Accounts

31 March 2017

EAST WEST SHIPPING SERVICES LIMITED Registered Number 03537397

Micro-entity Balance Sheet as at 31 March 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	20,214	27,151
Investments	2	4,621,744	4,634,244
		4,641,958	4,661,395
Current assets
Debtors		191	-
Cash at bank and in hand		221,054	109,083
		221,245	109,083
Creditors: amounts falling due within one year		(29,590)	(28,247)
Net current assets (liabilities)		191,655	80,836
Total assets less current liabilities		4,833,613	4,742,231
Creditors: amounts falling due after more than one year		(4,093,372)	(4,093,372)
Total net assets (liabilities)		740,241	648,859
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		740,141	648,759
Shareholders' funds		740,241	648,859

For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 7 June 2017

And signed on their behalf by:
S S Razvi, Director

EAST WEST SHIPPING SERVICES LIMITED Registered Number 03537397

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Tangible fixed assets

	£
Cost
At 1 April 2016	49,286
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2017	49,286
Depreciation
At 1 April 2016	22,135
Charge for the year	6,937
On disposals	-
At 31 March 2017	29,072
Net book values
At 31 March 2017	20,214
At 31 March 2016	27,151

2Fixed assets Investments
INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2016 £4,634,244
Disposals £ (12,500)
At 31 March 2017 £4,621,744

NET BOOK VALUE
At 31 March 2017 £4,621,744
At 31 March 2016 £4,634,244

3Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
100 Ordinary shares of £1 each	100	100

4Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for rental income recognised on accruals basis.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated)