0937571falsethe sale of bingo supplies2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 0937571

EXPRESS BINGO (DISCOUNT) CO LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
CP Accountancy
21 Shirewell Road
Orrell
Wigan
Lancashire
WN5 8SP

EXPRESS BINGO (DISCOUNT) CO LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
P Caffery
Arrowhead Solutions Limited
REGISTERED OFFICE
Unit 7, Hewitt Business Park
Winstanley Road
Billinge
Wigan
WN5 7XB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 0937571
ACCOUNTANTS
CP Accountancy
21 Shirewell Road
Orrell
Wigan
Lancashire
WN5 8SP

EXPRESS BINGO (DISCOUNT) CO LIMITED

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

EXPRESS BINGO (DISCOUNT) CO LIMITED

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets225,41424,584
CURRENT ASSETS
Stock16,05015,760
Debtors4,27310,110
Cash at bank and in hand9321,670
21,25527,540
CREDITORS: Amounts falling due within one year81,46897,309
NET CURRENT LIABILITIES(60,213)(69,769)
TOTAL ASSETS LESS CURRENT LIABILITIES(34,799)(45,185)
CREDITORS: Amounts falling due after more than one year410,64810,648
NET LIABILITIES(45,447)(55,833)
CAPITAL AND RESERVES
Called up share capital682,00082,000
Profit and loss account(127,447)(137,833)
SHAREHOLDERS' FUNDS(45,447)(55,833)
For the year ending 31/12/2023 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/08/2024 and signed on their behalf by
.............................
P Caffery
Director

EXPRESS BINGO (DISCOUNT) CO LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The Company's ability to continue as a going concern is dependent upon the continued financial support of a key member of management personnel.
This key member of management personnel, has confirmed that although repayable on demand, this financial support will not be withdrawn in the forseeable future and therefore the financial statements have been prepared on a going concern basis.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance25%
Equipmentstraight line33.33%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Creditors
Bank loans and other financial liabilities are initially recognised at transaction price, net of any transaction costs and subsequently measured at amortised cost determined using the effetive interest method.

EXPRESS BINGO (DISCOUNT) CO LIMITED

2. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/01/202373,0431,43774,480
Additions9,276879,363
At 31/12/202382,3191,52483,843
Depreciation
At 01/01/202348,92097649,896
For the year8,3501838,533
At 31/12/202357,2701,15958,429
Net Book Amounts
At 31/12/202325,04936525,414
At 31/12/202224,12346124,584
3. STOCK 20232022
££
Stock comprises:
Stock16,05015,760
16,05015,760
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr10,64810,648
10,64810,648
5. EMPLOYEES
20232022
No.No.
Average number of employees11

EXPRESS BINGO (DISCOUNT) CO LIMITED

6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
82000 Ordinary shares of £1 each8200082000
82,00082,000
7. CONTROLLING PARTY
The company is controlled by it's Director Mr P Caffery, who holds 100% issued share capital in the company.
8. RELATED PARTY TRANSACTIONS
Included in creditors is an amount of £53,520 (2022: £56,011), which relates to an interest free loan provided by a key membership of management personnel.