REGISTERED NUMBER: 05331221 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

121 EXPRESS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Bennett

SECRETARY:

Mrs M J Bennett

REGISTERED OFFICE:

10 Bath Road

Old Town

Swindon

Wiltshire

SN1 4BA

REGISTERED NUMBER:

05331221 (England and Wales)

ACCOUNTANTS:

S D Knee

Chartered Accountants

10 Bath Road

Old Town

Swindon

Wiltshire

SN1 4BA

FIXED ASSETS

Tangible assets

2

15,645

615

CURRENT ASSETS

Debtors

3,720

3,400

Cash at bank

2,083

3,619

5,803

7,019

CREDITORS

Amounts falling due within one year

59,615

54,113

NET CURRENT LIABILITIES

(53,812

)

(47,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(38,167

)

(46,479

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(38,267

)

(46,579

)

SHAREHOLDERS' FUNDS

(38,167

)

(46,479

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 December 2015 and were signed by:

M Bennett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of photography services excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost and 20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

31,439

Additions

20,459

Disposals

(10,995

)

At 31 March 2015

40,903

DEPRECIATION

At 1 April 2014

30,824

Charge for year

5,429

Eliminated on disposal

(10,995

)

At 31 March 2015

25,258

NET BOOK VALUE

At 31 March 2015

15,645

At 31 March 2014

615

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M P Bennett, the sole shareholder and director of the company.