REGISTERED NUMBER: 07113461 (England and Wales)

Financial Statements

for the Year Ended 31 December 2017

for

A & S Express Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

Fixed assets

Intangible assets

4

25,000

25,000

Tangible assets

5

11,177

16,765

36,177

41,765

Current assets

Debtors

6

11,808

11,568

Cash at bank

39

80

11,847

11,648

Creditors

Amounts falling due within one year

7

27,367

40,533

Net current liabilities

(15,520

)

(28,885

)

Total assets less current liabilities

20,657

12,880

Capital and reserves

Called up share capital

1

1

Retained earnings

20,656

12,879

Shareholders' funds

20,657

12,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 May 2018 and were signed by:

J Patel - Director

1.	Statutory information

A & S Express Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address are as below:

Registered number:

07113461

Registered office:

The Oval

57 New Walk

Leicester

LE1 7EA

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	Employees and directors

The average number of employees during the year was NIL (2016 - 2 ).

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 January 2017

and 31 December 2017

25,000

Net book value

At 31 December 2017

25,000

At 31 December 2016

25,000

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2017

and 31 December 2017

22,353

Depreciation

At 1 January 2017

5,588

Charge for year

5,588

At 31 December 2017

11,176

Net book value

At 31 December 2017

11,177

At 31 December 2016

16,765

6.

Debtors: amounts falling due within one year

31.12.17

31.12.16

£

£

Trade debtors

11,808

11,568

7.

Creditors: amounts falling due within one year

31.12.17

31.12.16

£

£

Taxation and social security

12,718

5,663

Other creditors

14,649

34,870

27,367

40,533