Company Registration No. 07547155 (England and Wales)
L S Express Group Limited
Unaudited accounts
for the year ended 31 March 2024
L S Express Group Limited
Unaudited accounts
Contents
L S Express Group Limited
Company Information
for the year ended 31 March 2024
Company Number
07547155 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
L S Express Group Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
791,011
640,027
Net current assets
1,153,452
1,232,452
Net assets
1,155,002
1,234,002
Called up share capital
1,002
1,002
Profit and loss account
1,154,000
1,233,000
Shareholders' funds
1,155,002
1,234,002
For the year ending 31 March 2024 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 7 August 2024 and were signed on its behalf by
Mr S M Dean
Director
Company Registration No. 07547155
L S Express Group Limited
Notes to the Accounts
for the year ended 31 March 2024
L S Express Group Limited is a private company, limited by shares, registered in England and Wales, registration number 07547155. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
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.
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.
4
Investments
Subsidiary undertakings
Valuation at 1 April 2023
1,550
Valuation at 31 March 2024
1,550
The company holds 1,000 ordinary £1 shares in L S Express Limited, a company incorporated in England & Wales, company number 03720763. This represents a 100% ownership of the company.
In the year to 31st March 2024 L S Express Limited returned a post tax profit of £42,539 (2023 - £239,301) and had a shareholders fund of £109,336 (2023 - £107,797).
The company holds 50 ordinary £1 shares, 250 A ordinary £1 shares and 250 B ordinary £1 shares in Solar International Freight Limited, a company incorporated in England & Wales, company number 01444323. This represents a 92% ownership of the company.
Solar International Freight Limited was dormant throughout the year to 31st March 2024 and accordingly shows a post tax profit of £Nil (2023 - £Nil) and had a shareholders fund of £2,628 (2023 - £2,628).
Amounts falling due after more than one year
Amounts due from group undertakings etc.
362,441
592,425
Allotted, called up and fully paid:
1,002 Ordinary shares of £1 each
1,002
1,002
L S Express Group Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Transactions with related parties
L S Express Group Limited is the ultimate holding company of L S Express Limited.
During the year L S Express Limited declared a dividend of £41,000 (2023 £239,000) to L S Express Group Limited.
At the balance sheet date L S Express Limited owed £362,441 (2023 £592,425) to L S Express Group Limited. The loan is repayable upon demand and subject to interest at a commercial rate.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).