Express Blinds (NE) Limited,Ltd - Accounts

EXPRESS BLINDS (N.E) LIMITED - Company Information

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Express Blinds (NE) Limited

For the year ended 30 April 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 03967452

Contents Page

Express Blinds (NE) Limited

For the year ended 30 April 2016

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Express Blinds (NE) Limited

Accountants' Report

For the year ended 30 April 2016

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 30 April 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you

to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

MR C SHARP

6 MARITIME AVENUE

HARTLEPOOL

TS24 0XF

16 January 2017

Dated:

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Abbreviated Balance Sheet

Express Blinds (NE) Limited

As at 30 April 2016

03967452

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

361,795

69,985

361,795

69,985

Current assets

Stocks

45,000

72,604

Debtors

67,781

59,447

Cash at bank and in hand

27,694

49,828

159,745

162,609

Creditors: amounts falling due within one year

(84,735)

(104,040)

77,874

55,705

Net current assets

Total assets less current liabilities

417,500

147,859

Creditors: amounts falling due after more than one year

(584)

(204,975)

212,525

Net assets

147,275

Capital and reserves

Called up share capital

Profit and loss account

212,523

147,273

212,525

147,275

Shareholders funds

For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 16 January 2017

R STEAD Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Express Blinds (NE) Limited

For the year ended 30 April 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% Reducing balance

Motor Vehicles

25% Reducing balance

No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected

useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation

would be immaterial. The directors undertake an annual impairment review of these properties.

Assets on finance lease and hire purchase

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and

rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets

and depreciated over the shorter of the lease term and their estimated expected useful lives.

Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.

Stocks

Stocks 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 costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

Express Blinds (NE) Limited

For the year ended 30 April 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

276,595

At 01 May 2015

324,743

Additions

(59,256)

Disposals

At 30 April 2016

542,082

Depreciation

206,610

At 01 May 2015

(37,661)

Disposals

11,338

Charge for year

180,287

At 30 April 2016

Net book values

At 30 April 2016

361,795

69,985

At 30 April 2015

2015

2016

3 Creditors due after more than one year

204,975

Bank loans and overdraft

4 Share capital

Allotted called up and fully paid

2016

2015

2 Class A shares of £1.00 each

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