| Express Blinds (NE) Limited |
| Registered Number:03967452 |
For the year ended 30 April 2017
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2017
Express Blinds (NE) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Express Blinds (NE) Limited
Statement of Financial Position
2016
2017
| Property, plant and equipment |
366,017
361,795
2
366,017
361,795
72,604
60,000
| Trade and other receivables |
59,447
47,946
3
27,694
| Cash and cash equivalents |
30,511
138,457
159,745
| Trade and other payables: amounts falling due within one |
| year |
(104,040)
(82,605)
4
55,705
55,852
Net current assets
| Total assets less current liabilities |
421,869
417,500
| Trade and other payables: amounts falling due after more |
| than one year |
(204,975)
(182,667)
5
239,202
Net assets
212,525
2
2
239,200
212,523
239,202
212,525
Shareholders' funds
| For the year ended 30 April 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| These financial statements were approved and authorised for issue by the Board on 02 November 2017 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 April 2017
Express Blinds (NE) Limited
Notes to the Financial Statements
Statutory Information
| Express Blinds (NE) Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 03967452. |
Unit 20-29 Teesway
North Tees Industrial Estate
Stockton on Tees
TS18 2RS
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| 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
Motor vehicles
| 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. |
Inventories
| 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. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. 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. |
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For the year ended 30 April 2017
Express Blinds (NE) Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
542,082
45,381
181,055
315,646
16,815
16,335
480
-
315,646
181,535
61,716
558,897
| Provision for depreciation and impairment |
180,287
22,157
158,130
-
Charge for year
12,593
7,912
4,681
-
192,880
30,069
162,811
-
315,646
18,724
31,647
366,017
315,646
22,925
23,224
361,795
| 3. Trade and other receivables |
2016
2017
44,849
55,824
3,097
3,623
59,447
47,946
| 4. Trade and other payables: amounts falling due within one year |
2016
2017
12,480
12,480
32,027
32,666
| Taxation and social security |
36,862
45,470
1,236
13,424
82,605
104,040
| 5. Trade and other payables: amounts falling due after more than one year |
2016
2017
182,667
204,975
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