Abbreviated Company Accounts - RETAIL EXPRESS LIMITED

Abbreviated Company Accounts - RETAIL EXPRESS LIMITED

RETAIL EXPRESS LIMITED - Company Information

Print Friendly Version

Registered Number 07726479

RETAIL EXPRESS LIMITED

Abbreviated Accounts

31 August 2016

RETAIL EXPRESS LIMITED Registered Number 07726479

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Called up share capital not paid - 1
Fixed assets
Intangible assets - -
Tangible assets - -
Investments - -
- -
Current assets
Stocks - -
Debtors - -
Investments - -
Cash at bank and in hand - -
- -
Prepayments and accrued income - -
Creditors: amounts falling due within one year 0 0
Net current assets (liabilities) 0 0
Total assets less current liabilities 0 1
Creditors: amounts falling due after more than one year (602,268) 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) (602,268) 1
Capital and reserves
Called up share capital 1 1
Share premium account 0 0
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account (602,269) 0
Shareholders' funds (602,268) 1
  • For the year ending 31 August 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 June 2017

And signed on their behalf by:
Barry Grange, Director

RETAIL EXPRESS LIMITED Registered Number 07726479

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

1Accounting 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. The company is a subsidiary of Retail Express(Holdings) Limited and as of 1st January 2016 became solely responsible within the group for the research and development for the group's merchandising and supply chain products which are heavily science and analytically orientated. The company has an arm's length distribution agreement with the parent company for the sale and distribution of the companies licensed materials on a revenue sharing basis.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or if held a finance lease, over the lease term whichever is the shorter.

Fixture and Fittings: 25% On Cost
Computer Equipment: 25% On Cost
Software: 25% On Cost

Intangible assets amortisation policy
The Company has no intangible assets

Valuation information and policy
Current Replacement Cost

Other accounting policies
The Accounts have been prepared in accordance with the Special Provisions of Part 15 of the companies house Act 2006 relating to small companies.
No advances or loans have been granted to directors by the company.
No guarantees of any kind for or on behalf of the directors have been made by the company.
There were no pension contributions or share options or long-term incentives schemes or money share scheme or any kind paid to or receivable by the directors from the company.
All income in this financial year was directly from activities of the company.