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Company Registration No. 11829743 (England and Wales)
Express Gadgets Limited Unaudited accounts for the year ended 28 February 2023
Express Gadgets Limited Unaudited accounts Contents
Page
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Express Gadgets Limited Company Information for the year ended 28 February 2023
Director
Tufayel Qureshi
Company Number
11829743 (England and Wales)
Registered Office
112 Allenby Road Leeds LS11 5RY
Accountants
West Yorkshire Accountancy Services 4 Railway Street Huddersfield West Yorkshire HD1 1JP
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Express Gadgets Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,120 
15,737 
Current assets
Inventories
225,544 
225,524 
Cash at bank and in hand
370,957 
229,694 
596,501 
455,218 
Creditors: amounts falling due within one year
(105,526)
(99,146)
Net current assets
490,975 
356,072 
Total assets less current liabilities
504,095 
371,809 
Creditors: amounts falling due after more than one year
(350,681)
(294,598)
Net assets
153,414 
77,211 
Capital and reserves
Share premium
100 
100 
Profit and loss account
153,314 
77,111 
Shareholders' funds
153,414 
77,211 
For the year ending 28 February 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 5 October 2023 and were signed on its behalf by
Tufayel Qureshi Director Company Registration No. 11829743
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Express Gadgets Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Express Gadgets Limited is a private company, limited by shares, registered in England and Wales, registration number 11829743. The registered office is 112 Allenby Road, Leeds, LS11 5RY.
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.
Presentation currency
The accounts are presented in £ 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:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
16,654 
10,000 
26,654 
At 28 February 2023
16,654 
10,000 
26,654 
Depreciation
At 1 March 2022
6,037 
4,880 
10,917 
Charge for the year
1,593 
1,024 
2,617 
At 28 February 2023
7,630 
5,904 
13,534 
Net book value
At 28 February 2023
9,024 
4,096 
13,120 
At 28 February 2022
10,617 
5,120 
15,737 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
315 
Trade creditors
85,000 
84,741 
Taxes and social security
18,376 
12,290 
Accruals
2,150 
1,800 
105,526 
99,146 
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Express Gadgets Limited Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
37,851 
47,833 
Loans from directors
312,830 
246,765 
350,681 
294,598 
7
Average number of employees
During the year the average number of employees was 11 (2022: 0).
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