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REGISTERED NUMBER: 01051687 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

EXPRESS POLYTHENE LIMITED

EXPRESS POLYTHENE LIMITED (REGISTERED NUMBER: 01051687)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXPRESS POLYTHENE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J M Jones
C M Jones
A C Jones
P Jones





SECRETARY: J M Jones





REGISTERED OFFICE: 79 - 107 Barford Street
Birmingham
West Midlands
B5 6AH





REGISTERED NUMBER: 01051687 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

EXPRESS POLYTHENE LIMITED (REGISTERED NUMBER: 01051687)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 41,287 34,379
Investments 4 20,000 -
61,287 34,379

CURRENT ASSETS
Stocks 313,017 315,126
Debtors 5 74,399 45,298
Cash at bank and in hand 373,642 426,429
761,058 786,853
CREDITORS
Amounts falling due within one year 6 83,917 74,225
NET CURRENT ASSETS 677,141 712,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,428

747,007

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 718,428 727,007
SHAREHOLDERS' FUNDS 738,428 747,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EXPRESS POLYTHENE LIMITED (REGISTERED NUMBER: 01051687)

BALANCE SHEET - continued
31 JANUARY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by:





J M Jones - Director


EXPRESS POLYTHENE LIMITED (REGISTERED NUMBER: 01051687)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website Development costs - 25% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EXPRESS POLYTHENE LIMITED (REGISTERED NUMBER: 01051687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 9 ) .

3. TANGIBLE FIXED ASSETS
Website Fixtures
Development and Motor Computer
costs fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 9,806 71,908 78,026 28,381 188,121
Additions - 15,518 - - 15,518
Disposals - - (23,000 ) - (23,000 )
At 31 January 2024 9,806 87,426 55,026 28,381 180,639
DEPRECIATION
At 1 February 2023 9,806 71,851 43,704 28,381 153,742
Charge for year - 405 8,205 - 8,610
Eliminated on disposal - - (23,000 ) - (23,000 )
At 31 January 2024 9,806 72,256 28,909 28,381 139,352
NET BOOK VALUE
At 31 January 2024 - 15,170 26,117 - 41,287
At 31 January 2023 - 57 34,322 - 34,379

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 20,000
At 31 January 2024 20,000
NET BOOK VALUE
At 31 January 2024 20,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,606 36,618
Other debtors 1,078 -
Prepayments 10,715 8,680
74,399 45,298

EXPRESS POLYTHENE LIMITED (REGISTERED NUMBER: 01051687)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 50,307 37,094
Amounts owed to group undertakings - 3,617
Taxation and social security 18,610 23,514
Other creditors 15,000 10,000
83,917 74,225

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,600 1,083
Between one and five years 4,767 -
7,367 1,083