Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31No description of principal activityfalsefalsetrue31292022-06-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01462916 2022-06-01 2023-05-31 01462916 2021-06-01 2022-05-31 01462916 2023-05-31 01462916 2022-05-31 01462916 c:Director1 2022-06-01 2023-05-31 01462916 d:CurrentFinancialInstruments 2023-05-31 01462916 d:CurrentFinancialInstruments 2022-05-31 01462916 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01462916 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 01462916 d:ShareCapital 2023-05-31 01462916 d:ShareCapital 2022-05-31 01462916 d:RetainedEarningsAccumulatedLosses 2023-05-31 01462916 d:RetainedEarningsAccumulatedLosses 2022-05-31 01462916 c:FRS102 2022-06-01 2023-05-31 01462916 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 01462916 c:FullAccounts 2022-06-01 2023-05-31 01462916 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

01462916







GENERAL EXPRESS SERVICES (CONTRACTS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED
31 MAY 2023

































GENERAL EXPRESS SERVICES (CONTRACTS) LIMITED
REGISTERED NUMBER:01462916

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
 4 
20,000
20,000

Debtors: amounts falling due within one year
 5 
749,796
917,361

Bank and cash balances
  
32,086
49,524

  
801,882
986,885

Creditors: amounts falling due within one year
 6 
(816,037)
(1,059,680)

Net current liabilities
  
 
 
(14,155)
 
 
(72,795)

Total assets less current liabilities
  
(14,155)
(72,795)

  

Net liabilities
  
(14,155)
(72,795)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(15,155)
(73,795)

  
(14,155)
(72,795)


Page 1

GENERAL EXPRESS SERVICES (CONTRACTS) LIMITED
REGISTERED NUMBER:01462916
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


R. Daniells
Director

Date: 15 January 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

GENERAL EXPRESS SERVICES (CONTRACTS) LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

General Express Services (Contracts) Limited is a private company limited by shares which is domiciled and incorporated in England and Wales.
The address of the Company's registered office and principal place of business is Central Transport Depot, Opposite 13 Berth, Tilbury Docks, Essex, RM17 7EH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

Monetary amounts in these financial statements are stated in pounds sterling and are rounded to the nearest whole £1, except where otherwise indicated.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on the basis that the Company will continue in operational existence for the foreseeable future. This means, in particular, that the income statement and balance sheet assume no intention or necessity to liquidate or curtial significantly the scale of operations. The financial statements have been prepared on the basis given the director has confirmed that he will provide continuing financial support for the company for at least twelve months from the date the accounts are approved. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Revenue is recognised in the period to which the service relates.  

 
2.4

Stocks

Stock represents fuel held, and is valued at cost.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. 

Page 3

GENERAL EXPRESS SERVICES (CONTRACTS) LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 29 (2022 - 31).


4.


Stocks

2023
2022
£
£

Fuel
20,000
20,000


Page 4

GENERAL EXPRESS SERVICES (CONTRACTS) LIMITED
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
555,442
779,935

Other debtors
194,354
137,426

749,796
917,361


Included within trade debtors are debts amounting to £378,685 (2022: £435,203), which are subject to invoice discounting.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
143,042
358,228

Corporation tax
15,396
-

Other taxation and social security
26,048
88,903

Other creditors
624,051
605,609

Accruals and deferred income
7,500
6,940

816,037
1,059,680


There is a fixed and floating charge over the Company's present and future assets dated 29 May 2020. 


7.


Related party transactions

At the year end, an amount of £193,492 (2022: £118,493) was due to a company under common control and is included in other creditors.

 
Page 5