EXPENTORY_LIMITED - Accounts

EXPENTORY LTD - Company Information

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Company Registration No. 09716303 (England and Wales)

EXPENTORY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2016

EXPENTORY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

EXPENTORY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

Notes

Fixed assets

Tangible assets

835

Current assets

Debtors

278

Cash at bank and in hand

297

575

Creditors: amounts falling due within one year

(71,051)

Net current liabilities

(70,476)

Total assets less current liabilities

(69,641)

Capital and reserves

Called up share capital

100

Profit and loss account

(69,741)

Shareholders' funds

(69,641)

For the financial period ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 20 June 2017

Mr Jason Drummond

Director

Company Registration No. 09716303

EXPENTORY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

The company presents its results as a going concern despite the negative balance sheet position. The directors have agreed to continue to fund the company, principally by deferring sums due to them.

1.2

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).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 4 August 2015

Additions

1,253

At 31 August 2016

1,253

Depreciation

At 4 August 2015

Charge for the period

418

At 31 August 2016

418

Net book value

At 31 August 2016

835

EXPENTORY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 AUGUST 2016

- 3 -

Share capital

2016

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100