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REGISTERED NUMBER: 05072081 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

World Express Limited
Trading as
InXpress

World Express Limited (Registered number: 05072081)
Trading as InXpress






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

World Express Limited
Trading as InXpress

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs S Gokal





SECRETARY: A R Gokal





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 05072081 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

World Express Limited (Registered number: 05072081)
Trading as InXpress

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 563 1,129
Tangible assets 5 593 812
1,156 1,941

CURRENT ASSETS
Debtors 6 148,152 197,452
Cash at bank 71,246 10,238
219,398 207,690
CREDITORS
Amounts falling due within one year 7 219,516 199,960
NET CURRENT (LIABILITIES)/ASSETS (118 ) 7,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038

9,671

PROVISIONS FOR LIABILITIES 113 237
NET ASSETS 925 9,434

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 923 9,432
SHAREHOLDERS' FUNDS 925 9,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

World Express Limited (Registered number: 05072081)
Trading as InXpress

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 26 October 2023 and were signed by:





Mrs S Gokal - Director


World Express Limited (Registered number: 05072081)
Trading as InXpress

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

World Express Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

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

Patents and licences - straight line over 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Computer equipment - 33% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

World Express Limited (Registered number: 05072081)
Trading as InXpress

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 11,317
AMORTISATION
At 1 April 2022 10,188
Charge for year 566
At 31 March 2023 10,754
NET BOOK VALUE
At 31 March 2023 563
At 31 March 2022 1,129

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022 3,585
Additions 499
At 31 March 2023 4,084
DEPRECIATION
At 1 April 2022 2,773
Charge for year 718
At 31 March 2023 3,491
NET BOOK VALUE
At 31 March 2023 593
At 31 March 2022 812

World Express Limited (Registered number: 05072081)
Trading as InXpress

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 986
DEPRECIATION
At 1 April 2022
and 31 March 2023 986
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 125,310 174,270
Other debtors 22,842 23,182
148,152 197,452

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 187,536 144,751
Taxation and social security 28,030 31,152
Other creditors 3,950 24,057
219,516 199,960

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2

World Express Limited (Registered number: 05072081)
Trading as InXpress

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mrs S Gokal
Balance outstanding at start of year (2,169 ) 28,209
Amounts advanced 96,648 83,931
Amounts repaid (87,581 ) (114,309 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,898 (2,169 )

Loan interest is charged to overdrawn director's loan account balance using HMRC approved rates.
Interest of £98 (2022: £152) has been charged in the year. This loan is cleared within 9 months of the year end.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
World Express Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of World Express Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of World Express Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of World Express Limited and state those matters that we have agreed to state to the director of World Express Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than World Express Limited and its director for our work or for this report.

It is your duty to ensure that World Express Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of World Express Limited. You consider that World Express Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of World Express Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


26 October 2023