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REGISTERED NUMBER: 07424170 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Expressway Handling Limited

Expressway Handling Limited (Registered number: 07424170)






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


Expressway Handling Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D M Bryant





REGISTERED OFFICE: 157 Queens Road
Weybridge
Surrey
KT13 0AD





REGISTERED NUMBER: 07424170 (England and Wales)





ACCOUNTANTS: JPS Matharu & Associates
Oakgates
157 Queens Road
Weybridge
Surrey
KT13 0AD

Expressway Handling Limited (Registered number: 07424170)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 265,954 238,004

CURRENT ASSETS
Debtors 5 818,154 733,961
Cash at bank 652,773 413,703
1,470,927 1,147,664
CREDITORS
Amounts falling due within one year 6 705,552 595,835
NET CURRENT ASSETS 765,375 551,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,031,329

789,833

CREDITORS
Amounts falling due after more than one
year

7

(63,306

)

(136,854

)

PROVISIONS FOR LIABILITIES (66,489 ) (45,221 )
NET ASSETS 901,534 607,758

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 901,434 607,658
901,534 607,758

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 director acknowledges his 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.

Expressway Handling Limited (Registered number: 07424170)

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 director and authorised for issue on 27 August 2024 and were signed by:





D M Bryant - Director


Expressway Handling Limited (Registered number: 07424170)

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

1. STATUTORY INFORMATION

Expressway Handling 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Expressway Handling Limited (Registered number: 07424170)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 381,751
Additions 102,076
At 31 March 2024 483,827
DEPRECIATION
At 1 April 2023 143,746
Charge for year 74,127
At 31 March 2024 217,873
NET BOOK VALUE
At 31 March 2024 265,954
At 31 March 2023 238,005

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 339,550
DEPRECIATION
At 1 April 2023 112,271
Charge for year 45,925
At 31 March 2024 158,196
NET BOOK VALUE
At 31 March 2024 181,354
At 31 March 2023 227,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 496,846 405,419
Other debtors 321,308 328,542
818,154 733,961

Expressway Handling Limited (Registered number: 07424170)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 61,369 64,771
Trade creditors 363,122 314,273
Taxation and social security 261,620 196,532
Other creditors 19,441 20,259
705,552 595,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 22,439 31,915
Hire purchase contracts 40,867 104,939
63,306 136,854