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EXPRESSLINES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST AUGUST 2023






EXPRESSLINES LIMITED (REGISTERED NUMBER: 01021862)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

EXPRESSLINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: M M Din





REGISTERED OFFICE: Unit 15 Fenlake Road Industrial Estate
Fenlake Road
Bedford
Bedfordshire
MK42 0HB





REGISTERED NUMBER: 01021862 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

EXPRESSLINES LIMITED (REGISTERED NUMBER: 01021862)

BALANCE SHEET
31ST AUGUST 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 341,879 238,114
341,879 238,114

CURRENT ASSETS
Stocks 4,300 4,200
Debtors 6 259,269 78,832
Cash at bank and in hand 239,209 92,944
502,778 175,976
CREDITORS
Amounts falling due within one year 7 251,085 96,723
NET CURRENT ASSETS 251,693 79,253
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,572

317,367

CREDITORS
Amounts falling due after more than one
year

8

(59,024

)

(29,167

)

PROVISIONS FOR LIABILITIES (82,993 ) (42,774 )
NET ASSETS 451,555 245,426

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 451,455 245,326
SHAREHOLDERS' FUNDS 451,555 245,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

EXPRESSLINES LIMITED (REGISTERED NUMBER: 01021862)

BALANCE SHEET - continued
31ST AUGUST 2023


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th March 2024 and were signed by:





M M Din - Director


EXPRESSLINES LIMITED (REGISTERED NUMBER: 01021862)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

Expresslines Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the amounts invoiced for the provision of hiring vehicles, excluding VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - straight line over lease term
Fixtures and fittings - 25% on reducing balance
Vehicles & plant - at varying rates on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


EXPRESSLINES LIMITED (REGISTERED NUMBER: 01021862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1st September 2022
and 31st August 2023 11,915
AMORTISATION
At 1st September 2022
and 31st August 2023 11,915
NET BOOK VALUE
At 31st August 2023 -
At 31st August 2022 -

EXPRESSLINES LIMITED (REGISTERED NUMBER: 01021862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Vehicles
leasehold fittings & plant Totals
£    £    £    £   
COST
At 1st September 2022 98,975 26,279 686,660 811,914
Additions - 1,124 117,876 119,000
Disposals - - (2,000 ) (2,000 )
At 31st August 2023 98,975 27,403 802,536 928,914
DEPRECIATION
At 1st September 2022 98,975 26,075 448,750 573,800
Charge for year - 308 13,187 13,495
Eliminated on disposal - - (260 ) (260 )
At 31st August 2023 98,975 26,383 461,677 587,035
NET BOOK VALUE
At 31st August 2023 - 1,020 340,859 341,879
At 31st August 2022 - 204 237,910 238,114

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 40,138 48,839
Amounts owed by group undertakings 192,206 15,000
Amounts owed by participating interests 65 -
Other debtors 933 110
VAT 23,797 9,555
Prepayments 2,130 5,328
259,269 78,832

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 158,606 -
Trade creditors 25,441 16,016
Amounts owed to participating interests - 25,517
Corporation tax 40,505 14,288
Social security and other taxes 2,067 2,463
Other creditors 1,108 11,143
Accruals and deferred income 13,358 17,296
251,085 96,723

EXPRESSLINES LIMITED (REGISTERED NUMBER: 01021862)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans - more than 1 year 19,167 29,167
Other loans - more than 1 year 39,857 -
59,024 29,167

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EXPRESSLINES LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Expresslines Limited for the year ended 31st August 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Expresslines Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Expresslines Limited and state those matters that we have agreed to state to the director of Expresslines Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Expresslines Limited and its director for our work or for this report.

It is your duty to ensure that Expresslines Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Expresslines Limited. You consider that Expresslines Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Expresslines Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


12th March 2024