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Express Couriers North West Ltd
Registered Number:07542471
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
Express Couriers North West Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
07542471
As at 31 July 2023
Express Couriers North West Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
9,323
4,823
3
9,323
4,823
Current assets
Trade and other receivables
219,017
51,698
4
73,096
Cash and cash equivalents
70,627
122,325
292,113
Trade and other payables: amounts falling due within one
year
(251,731)
(89,821)
5
40,382
32,504
Net current assets
Total assets less current liabilities
41,827
45,205
Trade and other payables: amounts falling due after more
than one year
(43,269)
(33,071)
6
(1,117)
-
Provisions for liabilities
7,639
Net assets
1,936
Capital and reserves
Called up share capital
2
2
Retained earnings
7,637
1,934
7,639
1,936
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Christopher Jones Director
These financial statements were approved and authorised for issue by the Board on 15 April 2024 and were signed by:
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4
Registered Number :
07542471
For the year ended 31 July 2023
Express Couriers North West Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 July 2023
Express Couriers North West Ltd
Notes to the Financial Statements
Statutory Information
Express Couriers North West Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07542471.
Registered address:
Dolwyn
Windmill
Halkyn, Holywell
Flintshire
CH8 8EU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
10 Straight line
Computer Equipment
20 Straight line
Motor Vehicles
10 Straight line
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Prior year adjustments
The Trading & Profit & Loss Account for the year ended 31st July 2022 has been restated to incorporate Cost of
Sales transactions that the director believes were not included at the time when the 2022 accounts were prepared
and finalised.
The change has resulted in profits available for distribution being less than was originally stated. Before restatement
the Capital and Reserves of the company were £120,477, after the restatement the Capital and Reserves of the
company as at the 31st July 2022 are £1,936.
The restatement has also increased the company's current liabilities as at the 31st July 2022 from £133,190 to
£251,731.
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6
For the year ended 31 July 2023
Express Couriers North West Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
£
£
£
£
Cost or
valuation
At 01 August 2022
8,791
2,700
-
6,091
4,500
-
4,500
-
Additions
At 31 July 2023
6,091
4,500
2,700
13,291
Provision for depreciation and impairment
At 01 August 2022
3,968
1,219
-
2,749
At 31 July 2023
3,968
1,219
-
2,749
At 31 July 2023
Net book value
3,342
4,500
1,481
9,323
At 31 July 2022
3,342
-
1,481
4,823
4. Trade and other receivables
2022
2023
£
£
Trade debtors
86,694
219,017
Other debtors
(34,996)
-
219,017
51,698
Included in other debtors are amounts owed under a factoring arrangement the company has entered into.
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,624
-
Trade creditors
49,717
135,482
Taxation and social security
29,329
28,819
Other creditors
6,151
87,430
89,821
251,731
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
33,071
43,269
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7
For the year ended 31 July 2023
Express Couriers North West Ltd
Notes to the Financial Statements Continued
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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