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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
Page
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Express Building and Maintenance Ltd Company Information for the year ended 31 December 2023
Director
T Nash
Secretary
D Nash
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
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Express Building and Maintenance Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,032 
9,305 
Current assets
Inventories
1,750 
1,750 
Debtors
1,680 
2,760 
Cash at bank and in hand
48,113 
36,016 
51,543 
40,526 
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)
Net assets
18,426 
5,744 
Capital and reserves
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
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Express Building and Maintenance Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
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.
Leased assets
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.
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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 
Depreciation
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 
Net book value
At 31 December 2023
1,040 
5,149 
843 
7,032 
At 31 December 2022
1,300 
6,865 
1,140 
9,305 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
5,149 
6,865 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,680 
1,708 
Other debtors
- 
1,052 
1,680 
2,760 
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 
Trade creditors
700 
1,364 
Taxes and social security
13,504 
4,196 
Loans from directors
645 
4,326 
Accruals
753 
723 
30,223 
19,690 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,926 
15,745 
Obligations under finance leases and hire purchase contracts
- 
8,652 
9,926 
24,397 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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