Elgin Express Cleaners Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC382942 (Scotland)

Elgin Express Cleaners Limited

Abbreviated Accounts For The Year Ended 31 March 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

C Dewhurst

REGISTERED OFFICE:

Park House Centre

South Street

Elgin

Moray

IV30 1JB

REGISTERED NUMBER:

SC382942 (Scotland)

ACCOUNTANTS:

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

FIXED ASSETS

Intangible assets

2

43,529

46,180

Tangible assets

3

17,428

23,237

60,957

69,417

CURRENT ASSETS

Stocks

8,858

10,412

Debtors

8,996

9,863

Cash at bank

4,320

986

22,174

21,261

CREDITORS

Amounts falling due within one year

4

68,837

70,144

NET CURRENT LIABILITIES

(46,663

)

(48,883

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,294

20,534

CREDITORS

Amounts falling due after more than one year

4

(11,678

)

(23,895

)

PROVISIONS FOR LIABILITIES

-

(129

)

NET ASSETS/(LIABILITIES)

2,616

(3,490

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

2,516

(3,590

)

SHAREHOLDERS' FUNDS

2,616

(3,490

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 2 July 2014 and were signed by:

C Dewhurst - 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 April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Equipment

-

25% on reducing balance

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

53,030

AMORTISATION

At 1 April 2013

6,850

Amortisation for year

2,651

At 31 March 2014

9,501

NET BOOK VALUE

At 31 March 2014

43,529

At 31 March 2013

46,180

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

31,967

DEPRECIATION

At 1 April 2013

8,730

Charge for year

5,809

At 31 March 2014

14,539

NET BOOK VALUE

At 31 March 2014

17,428

At 31 March 2013

23,237

4.

CREDITORS

Creditors include an amount of £ 23,793 (31.3.13 - £ 37,498 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Elgin Express Cleaners Limited for the year ended 31 March 2014 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are

subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Elgin Express Cleaners Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Elgin

Express Cleaners Limited and state those matters that we have agreed to state to the director of Elgin Express

Cleaners Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director

for our work or for this report.

It is your duty to ensure that Elgin Express Cleaners Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of

Elgin Express Cleaners Limited. You consider that Elgin Express Cleaners Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Elgin Express Cleaners

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information

and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

The Long Partnership

Park House Centre

South Street

Elgin

IV30 1JB

2 July 2014