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REGISTERED NUMBER: 04189587 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

DC EXPRESS LIMITED

DC EXPRESS LIMITED (REGISTERED NUMBER: 04189587)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DC EXPRESS LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTOR: D F Cleaver



REGISTERED OFFICE: Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT



BUSINESS ADDRESS: Bosworth Avenue
Tournament Fields
Warwick
Warwickshire
CV34 6UQ



REGISTERED NUMBER: 04189587 (England and Wales)



BANKERS: HSBC
5 Wimbledon Hill Road
Wimbledon
London
SW19 7NF

DC EXPRESS LIMITED (REGISTERED NUMBER: 04189587)

ABRIDGED BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304,681 367,874

CURRENT ASSETS
Debtors 1,993,608 2,087,795
Cash at bank and in hand 64,974 194,223
2,058,582 2,282,018
CREDITORS
Amounts falling due within one year 1,237,387 1,227,932
NET CURRENT ASSETS 821,195 1,054,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,125,876

1,421,960

CREDITORS
Amounts falling due after more than one
year

(62,721

)

(227,429

)

PROVISIONS FOR LIABILITIES (30,545 ) (40,065 )
NET ASSETS 1,032,610 1,154,466

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,032,510 1,154,366
SHAREHOLDERS' FUNDS 1,032,610 1,154,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

DC EXPRESS LIMITED (REGISTERED NUMBER: 04189587)

ABRIDGED BALANCE SHEET - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 August 2024 and were signed by:





D F Cleaver - Director


DC EXPRESS LIMITED (REGISTERED NUMBER: 04189587)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

DC Express 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.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

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.
Leasehold property improvements - over the lease term
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Office equipment - 25% on cost

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.

DC EXPRESS LIMITED (REGISTERED NUMBER: 04189587)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 642,131
Additions 6,623
At 30 November 2023 648,754
DEPRECIATION
At 1 December 2022 274,257
Charge for year 69,816
At 30 November 2023 344,073
NET BOOK VALUE
At 30 November 2023 304,681
At 30 November 2022 367,874

DC EXPRESS LIMITED (REGISTERED NUMBER: 04189587)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

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

Totals
£   
COST
At 1 December 2022
and 30 November 2023 141,875
DEPRECIATION
At 1 December 2022 69,861
Charge for year 25,700
At 30 November 2023 95,561
NET BOOK VALUE
At 30 November 2023 46,314
At 30 November 2022 72,014

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 16,682 24,159
Between one and five years 26,263 43,227
42,945 67,386

Non-cancellable operating leases
2023 2022
£    £   
Within one year 183,675 183,674
Between one and five years 724,443 729,366
In more than five years 119,168 297,920
1,027,286 1,210,960

DC EXPRESS LIMITED (REGISTERED NUMBER: 04189587)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 179,395 330,872
Hire purchase contracts 42,945 67,386
Due to factors 363,061 409,468
585,401 807,726

Hire purchase creditors are secured on the assets concerned.

The amount due to factors is secured by a fixed and floating charge over the assets of the company.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100