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REGISTERED NUMBER: 10067029 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EXPRESS COURIERS LONDON LTD

EXPRESS COURIERS LONDON LTD (REGISTERED NUMBER: 10067029)






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 COURIERS LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P D Keefe
Mrs S Keefe





REGISTERED OFFICE: Old Bishops' College
Churchgate
Cheshunt
Hertfordshire
EN8 9XP





REGISTERED NUMBER: 10067029 (England and Wales)





ACCOUNTANTS: Abbey Accountants Limited
Old Bishops' College
Churchgate
Cheshunt
Hertfordshire
EN8 9XP

EXPRESS COURIERS LONDON LTD (REGISTERED NUMBER: 10067029)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 275,963 270,947

CURRENT ASSETS
Debtors 4 192,678 267,124
Cash at bank 37,213 246
229,891 267,370
CREDITORS
Amounts falling due within one year 5 180,747 214,776
NET CURRENT ASSETS 49,144 52,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,107

323,541

CREDITORS
Amounts falling due after more than one
year

6

(34,825

)

(34,078

)

PROVISIONS FOR LIABILITIES (76,168 ) (75,214 )
NET ASSETS 214,114 214,249

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 214,014 214,149
214,114 214,249

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 directors acknowledge their 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 COURIERS LONDON LTD (REGISTERED NUMBER: 10067029)

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 Board of Directors and authorised for issue on 14 February 2024 and were signed on its behalf by:





P D Keefe - Director


EXPRESS COURIERS LONDON LTD (REGISTERED NUMBER: 10067029)

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

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

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

EXPRESS COURIERS LONDON LTD (REGISTERED NUMBER: 10067029)

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 443,229
Additions 116,497
Disposals (61,695 )
At 31 March 2023 498,031
DEPRECIATION
At 1 April 2022 172,282
Charge for year 84,512
Eliminated on disposal (34,726 )
At 31 March 2023 222,068
NET BOOK VALUE
At 31 March 2023 275,963
At 31 March 2022 270,947

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,309 226,149
Other debtors 146,369 40,975
192,678 267,124

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 19,238
Hire purchase contracts 12,157 22,216
Trade creditors 16,014 30,205
Taxation and social security 61,098 51,071
Other creditors 81,478 92,046
180,747 214,776

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,667 31,667
Hire purchase contracts 13,158 2,411
34,825 34,078

EXPRESS COURIERS LONDON LTD (REGISTERED NUMBER: 10067029)

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

7. RELATED PARTY DISCLOSURES

Dividend payments were made during the year to the directors P D Keefe £34,000 (2022: £37,500) and Mrs S Keefe £34,000 (2022:£37,500).