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REGISTERED NUMBER: 01505909 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st October 2023

for

Expresser Limited

Expresser Limited (Registered number: 01505909)






Contents of the Financial Statements
For The Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Expresser Limited

Company Information
For The Year Ended 31st October 2023







DIRECTORS: Deborah Louise Trigg
Jacqueline Anne Mannion
Philip James Wildin





SECRETARY: Deborah Louise Trigg





REGISTERED OFFICE: Kings Buildings
Lydney
Gloucestershire
GL15 5HE





REGISTERED NUMBER: 01505909 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Expresser Limited (Registered number: 01505909)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 139,824 169,688
Investment property 5 1,423,557 1,423,557
1,563,381 1,593,245

CURRENT ASSETS
Debtors 6 1,427 24,513
Cash at bank 39 62
1,466 24,575
CREDITORS
Amounts falling due within one year 7 584,868 531,906
NET CURRENT LIABILITIES (583,402 ) (507,331 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

979,979

1,085,914

CREDITORS
Amounts falling due after more than one year 8 (59,984 ) (151,424 )

PROVISIONS FOR LIABILITIES 11 (26,158 ) (25,125 )
NET ASSETS 893,837 909,365

CAPITAL AND RESERVES
Called up share capital 12 200 200
Revaluation reserve 13 175,397 175,397
Retained earnings 13 718,240 733,768
SHAREHOLDERS' FUNDS 893,837 909,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

Expresser Limited (Registered number: 01505909)

Balance Sheet - continued
31st October 2023


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 and authorised for issue by the Board of Directors and authorised for issue on 27th August 2024 and were signed on its behalf by:





Deborah Louise Trigg - Director


Expresser Limited (Registered number: 01505909)

Notes to the Financial Statements
For The Year Ended 31st October 2023

1. STATUTORY INFORMATION

Expresser 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st November 2022 75,583 106,399 48,500 230,482
Additions - 2,190 - 2,190
At 31st October 2023 75,583 108,589 48,500 232,672
DEPRECIATION
At 1st November 2022 15,753 18,712 26,329 60,794
Charge for year 8,974 17,538 5,542 32,054
At 31st October 2023 24,727 36,250 31,871 92,848
NET BOOK VALUE
At 31st October 2023 50,856 72,339 16,629 139,824
At 31st October 2022 59,830 87,687 22,171 169,688

Expresser Limited (Registered number: 01505909)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022
and 31st October 2023 1,423,557
NET BOOK VALUE
At 31st October 2023 1,423,557
At 31st October 2022 1,423,557

Fair value at 31st October 2023 is represented by:
£   
Valuation in 2016 175,397
Cost 1,248,160
1,423,557

If investment properties had not been revalued it would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 1,248,160 1,248,160

investment property was valued on an open market basis on 31st October 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
VAT 1,427 19,020
Debtors & Prepayments - 5,493
1,427 24,513

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts (see note 9) 24,945 8,333
Tax 31,381 136,081
Social security and other taxes - 738
Creditors and Accrued expenses 528,542 386,754
584,868 531,906

Expresser Limited (Registered number: 01505909)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 9) 16,666 27,331
Mortgage Loan 43,318 124,093
59,984 151,424

9. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 24,945 8,333

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,333 8,333

Amounts falling due between two and five years:
Bank loans - 2-5 years 8,333 18,998

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 41,611 35,664
Mortgage on Property 59,984 124,097
101,595 159,761

The mortgagor has a fixed charge over the freehold property owned by the company.

11. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 26,158 25,125

Expresser Limited (Registered number: 01505909)

Notes to the Financial Statements - continued
For The Year Ended 31st October 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st November 2022 25,125
Charge to Income Statement during year 1,033
Balance at 31st October 2023 26,158

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary 1 100 100
34 A Ordinary £1 34 34
33 B Ordinary £1 33 33
33 C Ordinary £1 33 33
200 200

13. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1st November 2022 733,768 175,397 909,165
Profit for the year 83,472 83,472
Dividends (99,000 ) (99,000 )
At 31st October 2023 718,240 175,397 893,637

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £99,000 (2022 - £99,000) were paid to the directors .

Each director received £33,000.

15. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Expresser Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Expresser Limited for the year ended 31st October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Expresser Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Expresser Limited and state those matters that we have agreed to state to the Board of Directors of Expresser Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Expresser Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Expresser Limited. You consider that Expresser Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Expresser Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 27th August 2024