Registered number
05806105
K EXPRESS LIMITED
Abbreviated Accounts
31 October 2015
K EXPRESS LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 October 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% reducing balance method
#REF! #REF!
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 November 2014 178,588
Additions 5,160
At 31 October 2015 183,748
Depreciation
At 1 November 2014 127,624
Charge for the year 11,225
At 31 October 2015 138,849
Net book value
At 31 October 2015 44,899
At 31 October 2014 50,964
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
K EXPRESS LIMITED
Registered number: 05806105
Abbreviated Balance Sheet
as at 31 October 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 44,899 50,964
Current assets
Stocks 4,676 16,253
Debtors 7,787 15,179
Cash at bank and in hand 35,265 41,409
47,728 72,841
Creditors: amounts falling due within one year (63,387) (88,070)
Net current liabilities (15,659) (15,229)
Total assets less current liabilities 29,240 35,735
Creditors: amounts falling due after more than one year (16,000) (16,000)
Net assets 13,240 19,735
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 13,238 19,733
Shareholder's funds 13,240 19,735
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Approved by the board on 16 August 2016
Mrs Harpreet Gill
Director
K EXPRESS LIMITED 05806105 false true 2014-11-01 2015-10-31 2015-10-31 Mrs Harpreet Gill 05806105 uk-bus:OrdinaryShareClass1 2014-10-31 05806105 2014-11-01 2015-10-31 05806105 uk-gaap:PlantMachinery 2014-11-01 2015-10-31 05806105 uk-gaap:MotorVehicles 2014-11-01 2015-10-31 05806105 uk-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 05806105 uk-bus:Director40 2014-11-01 2015-10-31 05806105 2015-10-31 05806105 uk-bus:OrdinaryShareClass1 2015-10-31 05806105 2014-10-31 iso4217:GBP xbrli:shares

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.