IRIS Accounts Production v24.2.0.383 04386810 Board of Directors Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false 'A'Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043868102023-03-31043868102024-03-31043868102023-04-012024-03-31043868102022-03-31043868102022-04-012023-03-31043868102023-03-3104386810ns15:EnglandWales2023-04-012024-03-3104386810ns14:PoundSterling2023-04-012024-03-3104386810ns10:Director12023-04-012024-03-3104386810ns10:Director22023-04-012024-03-3104386810ns10:Director32023-04-012024-03-3104386810ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104386810ns10:SmallEntities2023-04-012024-03-3104386810ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104386810ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104386810ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104386810ns10:FullAccounts2023-04-012024-03-310438681012023-04-012024-03-3104386810ns10:OrdinaryShareClass12023-04-012024-03-3104386810ns10:CompanySecretary12023-04-012024-03-3104386810ns10:RegisteredOffice2023-04-012024-03-3104386810ns5:CurrentFinancialInstruments2024-03-3104386810ns5:CurrentFinancialInstruments2023-03-3104386810ns5:Non-currentFinancialInstruments2024-03-3104386810ns5:Non-currentFinancialInstruments2023-03-3104386810ns5:ShareCapital2024-03-3104386810ns5:ShareCapital2023-03-3104386810ns5:RetainedEarningsAccumulatedLosses2024-03-3104386810ns5:RetainedEarningsAccumulatedLosses2023-03-3104386810ns5:NetGoodwill2023-04-012024-03-3104386810ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104386810ns5:PlantMachinery2023-04-012024-03-3104386810ns5:FurnitureFittings2023-04-012024-03-3104386810ns5:MotorVehicles2023-04-012024-03-3104386810ns5:ComputerEquipment2023-04-012024-03-3104386810ns5:NetGoodwill2023-03-3104386810ns5:NetGoodwill2024-03-3104386810ns5:NetGoodwill2023-03-3104386810ns5:LandBuildings2023-03-3104386810ns5:PlantMachinery2023-03-3104386810ns5:FurnitureFittings2023-03-3104386810ns5:LandBuildings2023-04-012024-03-3104386810ns5:LandBuildings2024-03-3104386810ns5:PlantMachinery2024-03-3104386810ns5:FurnitureFittings2024-03-3104386810ns5:LandBuildings2023-03-3104386810ns5:PlantMachinery2023-03-3104386810ns5:FurnitureFittings2023-03-3104386810ns5:MotorVehicles2023-03-3104386810ns5:ComputerEquipment2023-03-3104386810ns5:MotorVehicles2024-03-3104386810ns5:ComputerEquipment2024-03-3104386810ns5:MotorVehicles2023-03-3104386810ns5:ComputerEquipment2023-03-3104386810ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104386810ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104386810ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3104386810ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104386810ns10:OrdinaryShareClass12024-03-3104386810ns5:RetainedEarningsAccumulatedLosses2023-03-3104386810ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 04386810 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Express Property Services Limited

Express Property Services Limited (Registered number: 04386810)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Express Property Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A S Hammick
Mrs S I Hammick
G S Hammick





SECRETARY: Mrs S I Hammick





REGISTERED OFFICE: 122 Winchcombe Street
Cheltenham
GL52 2NW





REGISTERED NUMBER: 04386810 (England and Wales)





ACCOUNTANTS: Crossley and Co.
122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW

Express Property Services Limited (Registered number: 04386810)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,571 146,567
37,571 146,567

CURRENT ASSETS
Stocks 40,365 20,673
Debtors 6 118,206 114,778
Cash at bank and in hand 48,121 236
206,692 135,687
CREDITORS
Amounts falling due within one year 7 78,254 126,863
NET CURRENT ASSETS 128,438 8,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,009

155,391

CREDITORS
Amounts falling due after more than one
year

8

41,440

51,986
NET ASSETS 124,569 103,405

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 10 124,419 103,255
SHAREHOLDERS' FUNDS 124,569 103,405

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Property Services Limited (Registered number: 04386810)

Balance Sheet - continued
31 March 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 19 July 2024 and were signed on its behalf by:




A S Hammick - Director Mrs S I Hammick - Director




G S Hammick - Director


Express Property Services Limited (Registered number: 04386810)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Express Property Services 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of four years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
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.

Express Property Services Limited (Registered number: 04386810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 105,446 7,968 12,352
Additions - 1,033 665
Disposals (105,446 ) - -
At 31 March 2024 - 9,001 13,017
DEPRECIATION
At 1 April 2023 - 6,871 10,143
Charge for year - 532 695
At 31 March 2024 - 7,403 10,838
NET BOOK VALUE
At 31 March 2024 - 1,598 2,179
At 31 March 2023 105,446 1,097 2,209

Express Property Services Limited (Registered number: 04386810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 38,752 52,417 216,935
Additions 6,902 652 9,252
Disposals - - (105,446 )
At 31 March 2024 45,654 53,069 120,741
DEPRECIATION
At 1 April 2023 6,606 46,748 70,368
Charge for year 9,995 1,580 12,802
At 31 March 2024 16,601 48,328 83,170
NET BOOK VALUE
At 31 March 2024 29,053 4,741 37,571
At 31 March 2023 32,146 5,669 146,567

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 107,051 107,949
Prepayments 11,155 6,829
118,206 114,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 11,171
Trade creditors 26,247 21,592
Tax 378 -
Social security and other taxes 4,520 5,000
VAT 32,354 14,334
Directors' current accounts 10,500 72,166
Accrued expenses 4,255 2,600
78,254 126,863

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 25,276 30,833
Hire purchase contracts 16,164 21,153
41,440 51,986

Express Property Services Limited (Registered number: 04386810)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
150 'A'Ordinary £1 150 150

10. RESERVES
Retained
earnings
£   

At 1 April 2023 103,255
Profit for the year 24,164
Dividends (3,000 )
At 31 March 2024 124,419