Abbreviated Company Accounts - EXCOMP LIMITED

04297596 EXCOMP LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 04297596 2014-01-01 2014-12-31 04297596 2014-12-31 04297596 2013-12-31 04297596 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 04297596 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 04297596

EXCOMP LIMITED

Abbreviated Accounts

31 December 2014

EXCOMP LIMITED Registered Number 04297596

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,543,043	1,602,817
		1,543,043	1,602,817
Current assets
Debtors		12,600	27,750
Cash at bank and in hand		34,600	46,643
		47,200	74,393
Creditors: amounts falling due within one year	3	(885,179)	(906,349)
Net current assets (liabilities)		(837,979)	(831,956)
Total assets less current liabilities		705,064	770,861
Creditors: amounts falling due after more than one year	3	(899,827)	(957,116)
Total net assets (liabilities)		(194,763)	(186,255)
Capital and reserves
Called up share capital	4	99	99
Profit and loss account		(194,862)	(186,354)
Shareholders' funds		(194,763)	(186,255)

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 March 2016

And signed on their behalf by:
R A G Aboobaker, Director

EXCOMP LIMITED Registered Number 04297596

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 comprises revenue recognised by the company during the year, exclusive of Value Added
Tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Freehold property - 4% Straight line per annum

Other accounting policies
Investment properties
Investment properties are included in the Balance Sheet at their open market value in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not
depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets
should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair
view of the financial position of the company.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences

2Tangible fixed assets

	£
Cost
At 1 January 2014	2,192,393
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	2,192,393
Depreciation
At 1 January 2014	589,576
Charge for the year	59,774
On disposals	-
At 31 December 2014	649,350
Net book values
At 31 December 2014	1,543,043
At 31 December 2013	1,602,817

3Creditors

	2014 £	2013 £
Secured Debts	357,116	421,141

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

	2014 £	2013 £
99 A Ordinary shares of £1 each	99	99