Company Registration No. 06059708 (England and Wales)
Express Building and Maintenance Ltd
Unaudited accounts
for the year ended 31 December 2023
Express Building and Maintenance Ltd
Unaudited accounts
Contents
Express Building and Maintenance Ltd
Company Information
for the year ended 31 December 2023
Company Number
06059708 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Express Building and Maintenance Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
7,032
9,305
Cash at bank and in hand
48,113
36,016
Creditors: amounts falling due within one year
(30,223)
(19,690)
Net current assets
21,320
20,836
Total assets less current liabilities
28,352
30,141
Creditors: amounts falling due after more than one year
(9,926)
(24,397)
Called up share capital
100
100
Profit and loss account
18,326
5,644
Shareholders' funds
18,426
5,744
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 February 2024 and were signed on its behalf by
T Nash
Director
Company Registration No. 06059708
Express Building and Maintenance Ltd
Notes to the Accounts
for the year ended 31 December 2023
Express Building and Maintenance Ltd is a private company, limited by shares, registered in England and Wales, registration number 06059708. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Motor vehicles
25% reducing balance basis
Computer equipment
20% straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Express Building and Maintenance Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
6,717
21,700
1,487
29,904
At 31 December 2023
6,717
21,700
1,487
29,904
At 1 January 2023
5,417
14,835
347
20,599
Charge for the year
260
1,716
297
2,273
At 31 December 2023
5,677
16,551
644
22,872
At 31 December 2023
1,040
5,149
843
7,032
At 31 December 2022
1,300
6,865
1,140
9,305
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
5,149
6,865
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,969
5,881
Obligations under finance leases and hire purchase contracts
8,652
3,200
Taxes and social security
13,504
4,196
Loans from directors
645
4,326
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
8,652
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).