EXPRESS MANAGED SERVICES LIMITED

Company Registration Number:
10650535 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

EXPRESS MANAGED SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

EXPRESS MANAGED SERVICES LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 366,205 191,870
Total fixed assets: 366,205 191,870
Current assets
Stocks: 2,400 2,400
Debtors:   260,955 370,666
Cash at bank and in hand: 100,297 17,480
Total current assets: 363,652 390,546
Creditors: amounts falling due within one year: 4 (128,070) (180,250)
Net current assets (liabilities): 235,582 210,296
Total assets less current liabilities: 601,787 402,166
Creditors: amounts falling due after more than one year: 5 (40,159) (45,900)
Provision for liabilities: (79,720) (28,884)
Total net assets (liabilities): 481,908 327,382
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 481,808 327,282
Shareholders funds: 481,908 327,382

The notes form part of these financial statements

EXPRESS MANAGED SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 July 2024
and signed on behalf of the board by:

Name: S A Baines
Status: Director

The notes form part of these financial statements

EXPRESS MANAGED SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Plant and machinery etc - 25% on reducing balance and 20% on cost

Other accounting policies

Deferred taxDeferred 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 yearend 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

EXPRESS MANAGED SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 15 13

EXPRESS MANAGED SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 334,500
Additions 311,852
Disposals (92,657)
At 31 March 2024 553,695
Depreciation
At 01 April 2023 142,630
Charge for year 71,125
On disposals (26,265)
At 31 March 2024 187,490
Net book value
At 31 March 2024 366,205
At 31 March 2023 191,870

EXPRESS MANAGED SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 £ £ Trade creditors 5,153 106,187Taxation and social security 94,078 77,120Other creditors 28,839 3,057 128,070 180,250

EXPRESS MANAGED SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THANONE YEAR 31.3.24 31.3.23 £ £Bank Loans 40,159 45,900