OXGANGS EXPRESS LTD - Abbreviated accounts 16.3

REGISTERED NUMBER: SC522864 (Scotland)

Abbreviated Unaudited Accounts

for the Period 18 December 2015 to 31 December 2016

for

OXGANGS EXPRESS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M A Bashir

SECRETARY:

REGISTERED OFFICE:

4 FIRRHILL NEUK

EDINBURGH

EH13 9FF

REGISTERED NUMBER:

SC522864 (Scotland)

ACCOUNTANTS:

Ahmad & Nabi Mcmullan Accountants

95-107 Lancefield Street

Glasgow

G3 8HZ

FIXED ASSETS

Tangible assets

2

2,368

CURRENT ASSETS

Stocks

33,400

Debtors

1,125

Cash at bank and in hand

(475

)

34,050

CREDITORS

Amounts falling due within one year

14,831

NET CURRENT ASSETS

19,219

TOTAL ASSETS LESS CURRENT LIABILITIES

21,587

CREDITORS

Amounts falling due after more than one year

11,327

NET ASSETS

10,260

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

10,160

SHAREHOLDERS' FUNDS

10,260

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15 September 2017 and were signed by:

M A Bashir - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

3,158

At 31 December 2016

3,158

DEPRECIATION

Charge for period

790

At 31 December 2016

790

NET BOOK VALUE

At 31 December 2016

2,368

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

ORDINARY

1

100

100 ORDINARY shares of 1 each were allotted and fully paid for cash at par during the period.