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REGISTERED NUMBER: 07955774 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EXPRESS BUILDERS (COTSWOLDS) LIMITED

EXPRESS BUILDERS (COTSWOLDS) LIMITED (REGISTERED NUMBER: 07955774)






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


EXPRESS BUILDERS (COTSWOLDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J M Cockburn





REGISTERED OFFICE: 2b Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR





REGISTERED NUMBER: 07955774 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
2B Marston House
Cromwell Business Park
Chipping Norton
Oxfordshire
OX7 5SR

EXPRESS BUILDERS (COTSWOLDS) LIMITED (REGISTERED NUMBER: 07955774)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,903 17,875
22,903 17,875

CURRENT ASSETS
Debtors 6 45,828 56,364
Cash at bank and in hand 71,831 28,538
117,659 84,902
CREDITORS
Amounts falling due within one year 7 59,127 69,686
NET CURRENT ASSETS 58,532 15,216
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,435

33,091

PROVISIONS FOR LIABILITIES 8 15,835 14,875
NET ASSETS 65,600 18,216

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 65,450 18,066
SHAREHOLDERS' FUNDS 65,600 18,216

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 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.

EXPRESS BUILDERS (COTSWOLDS) LIMITED (REGISTERED NUMBER: 07955774)

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 8 November 2023 and were signed by:





J M Cockburn - Director


EXPRESS BUILDERS (COTSWOLDS) LIMITED (REGISTERED NUMBER: 07955774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Express Builders (Cotswolds) 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.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

When the outcome of a contract can be measured reliably, the entity will recognise both income and costs by reference to the percentage of completion of the contract.If the outcome cannot be reliably measured, all costs are expensed and revenue is only recognised to the extent that it is probable that costs are recoverable.

When it is probable that a loss will occur on a contract, this is recognised in full immediately as an onerous contract provision.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 25% on reducing balance


EXPRESS BUILDERS (COTSWOLDS) LIMITED (REGISTERED NUMBER: 07955774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022
and 31 March 2023 15,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

EXPRESS BUILDERS (COTSWOLDS) LIMITED (REGISTERED NUMBER: 07955774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,779 46,631 2,019 50,429
Additions - 13,553 - 13,553
Disposals - (8,895 ) - (8,895 )
At 31 March 2023 1,779 51,289 2,019 55,087
DEPRECIATION
At 1 April 2022 1,273 29,975 1,306 32,554
Charge for year 127 7,330 178 7,635
Eliminated on disposal - (8,005 ) - (8,005 )
At 31 March 2023 1,400 29,300 1,484 32,184
NET BOOK VALUE
At 31 March 2023 379 21,989 535 22,903
At 31 March 2022 506 16,656 713 17,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 43,080 53,726
Prepayments 2,748 2,638
45,828 56,364

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 22,167 29,167
Trade Creditors 1,926 7,663
Tax 17,874 2,987
Social Security & Other Taxes 12,271 20,794
Directors' Current Account 1,699 5,885
Accrued Expenses 3,190 3,190
59,127 69,686

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred Tax 4,352 3,365
Remedial Sales Provision 11,483 11,510
15,835 14,875

EXPRESS BUILDERS (COTSWOLDS) LIMITED (REGISTERED NUMBER: 07955774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. PROVISIONS FOR LIABILITIES - continued

Remedial
Deferred Sales
tax Provision
£    £   
Balance at 1 April 2022 3,365 11,509
Provided during year 987 (27 )
Balance at 31 March 2023 4,352 11,482

9. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
25 A Ordinary £1 25 25
25 B Ordinary £1 25 25
150 150