REGISTERED NUMBER: 05331221 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

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

615

1,825

CURRENT ASSETS

Debtors

3,400

-

Cash at bank

3,619

651

7,019

651

CREDITORS

Amounts falling due within one year

54,113

55,881

NET CURRENT LIABILITIES

(47,094

)

(55,230

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,479

)

(53,405

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(46,579

)

(53,505

)

SHAREHOLDERS' FUNDS

(46,479

)

(53,405

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 15 December 2014 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 etc

-

25% on cost and 20% 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 2013

30,840

Additions

599

At 31 March 2014

31,439

DEPRECIATION

At 1 April 2013

29,015

Charge for year

1,809

At 31 March 2014

30,824

NET BOOK VALUE

At 31 March 2014

615

At 31 March 2013

1,825

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

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.