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Company Registration No. 05233160 (England and Wales)
Express Property Services (UK) Limited Unaudited accounts for the year ended 30 September 2023
Express Property Services (UK) Limited Unaudited accounts Contents
Page
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Express Property Services (UK) Limited Company Information for the year ended 30 September 2023
Director
Mark Francis
Company Number
05233160 (England and Wales)
Registered Office
2 Stile Hall Parade London W4 3AG England
Accountants
AcTax Consulting Ltd 11 Consort Road Higher Bartle Preston Lancashire PR4 0QH
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Express Property Services (UK) Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,287 
4,051 
Current assets
Inventories
492 
492 
Debtors
7,514 
6,488 
Cash at bank and in hand
5,771 
12,120 
13,777 
19,100 
Creditors: amounts falling due within one year
(11,164)
(10,186)
Net current assets
2,613 
8,914 
Total assets less current liabilities
5,900 
12,965 
Provisions for liabilities
Deferred tax
(169)
(236)
Net assets
5,731 
12,729 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,730 
12,728 
Shareholders' funds
5,731 
12,729 
For the year ending 30 September 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 12 February 2024 and were signed on its behalf by
Mark Francis Director Company Registration No. 05233160
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Express Property Services (UK) Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Express Property Services (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 05233160. The registered office is 2 Stile Hall Parade, London, W4 3AG, England.
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
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.
Presentation currency
The accounts are presented in Pound Sterling (£).
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
25% on cost
Fixtures & fittings
10% on cost
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
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Express Property Services (UK) Limited Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
16,094 
7,310 
23,404 
Additions
305 
- 
305 
At 30 September 2023
16,399 
7,310 
23,709 
Depreciation
At 1 October 2022
14,928 
4,425 
19,353 
Charge for the year
643 
426 
1,069 
At 30 September 2023
15,571 
4,851 
20,422 
Net book value
At 30 September 2023
828 
2,459 
3,287 
At 30 September 2022
1,166 
2,885 
4,051 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
7,514 
6,488 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,608 
2,342 
Trade creditors
373 
755 
Taxes and social security
5,657 
4,007 
Other creditors
- 
506 
Loans from directors
652 
652 
Accruals
1,874 
1,924 
11,164 
10,186 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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