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
Express Gadgets Limited
Company Information
for the year ended 28 February 2023
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
Express Gadgets Limited
Statement of financial position
as at 28 February 2023
Tangible assets
13,120
15,737
Inventories
225,544
225,524
Cash at bank and in hand
370,957
229,694
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)
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
Express Gadgets Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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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
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
At 28 February 2023
9,024
4,096
13,120
At 28 February 2022
10,617
5,120
15,737
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
85,000
84,741
Taxes and social security
18,376
12,290
Express Gadgets Limited
Notes to the Accounts
for the year ended 28 February 2023
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Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
312,830
246,765
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Average number of employees
During the year the average number of employees was 11 (2022: 0).