Abbreviated Company Accounts - EXPORT 56 LIMITED

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Registered Number 04941423

EXPORT 56 LIMITED

Abbreviated Accounts

31 December 2014

EXPORT 56 LIMITED Registered Number 04941423

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	206,342	269,973
		206,342	269,973
Current assets
Stocks		97,239	205,665
Debtors		108,580	35,328
Cash at bank and in hand		5,378	255
		211,197	241,248
Prepayments and accrued income		105	315
Creditors: amounts falling due within one year	3	(254,161)	(420,820)
Net current assets (liabilities)		(42,859)	(179,257)
Total assets less current liabilities		163,483	90,716
Provisions for liabilities		0	(1,799)
Accruals and deferred income		(41,814)	(3,820)
Total net assets (liabilities)		121,669	85,097
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		121,569	84,997
Shareholders' funds		121,669	85,097

For the year ending 31 December 2014 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 September 2015

And signed on their behalf by:
Michael Pacey, Director

EXPORT 56 LIMITED Registered Number 04941423

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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.

Turnover policy
Turnover represents net invoiced sales of goods, excluding VAT having regard to the fulfilment of contractual obligations.

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Tools & Equipment 15% Reducing Balance
Vehicles 25% Reducing Balance

Other accounting policies
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
At 1 January 2014	339,086
Additions	2,508
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	341,594
Depreciation
At 1 January 2014	69,113
Charge for the year	66,139
On disposals	-
At 31 December 2014	135,252
Net book values
At 31 December 2014	206,342
At 31 December 2013	269,973

3Creditors

	2014 £	2013 £
Secured Debts	175,621	202,873

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

5Transactions with directors

Name of director receiving advance or credit:	Michael Pacey
Description of the transaction:	Loan advances and repayments of those loans. The outstanding loan is repayable on demand.
Balance at 1 January 2014:	-
Advances or credits made:	£ 129,825
Advances or credits repaid:	£ 119,825
Balance at 31 December 2014:	£ 10,000