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REGISTERED NUMBER: 10128201 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

EXPRESS WORKTOPS LIMITED

EXPRESS WORKTOPS LIMITED (REGISTERED NUMBER: 10128201)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EXPRESS WORKTOPS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: D M Kippax
W J Fuller
Mrs A K Fuller-Kippax
Miss V M Thorpe





REGISTERED OFFICE: Unit 5 Iron Bridge Industrial Estate
Retford Road
Sheffield
South Yorkshire
S13 9WA





REGISTERED NUMBER: 10128201 (England and Wales)





ACCOUNTANTS: Leesing Marrison Lee & Co
Chartered Certified Accountants
46 Main Street
Mexborough
South Yorkshire
S64 9DU

EXPRESS WORKTOPS LIMITED (REGISTERED NUMBER: 10128201)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 186,700 116,336

CURRENT ASSETS
Stocks 240,000 315,000
Debtors 5 969,628 816,110
Cash at bank 44,242 88,703
1,253,870 1,219,813
CREDITORS
Amounts falling due within one year 6 961,492 998,278
NET CURRENT ASSETS 292,378 221,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

479,078

337,871

CREDITORS
Amounts falling due after more than one
year

7

84,167

20,833
NET ASSETS 394,911 317,038

CAPITAL AND RESERVES
Called up share capital 668 668
Retained earnings 9 394,243 316,370
SHAREHOLDERS' FUNDS 394,911 317,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

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

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 9th September 2024 and were signed on its behalf by:





D M Kippax - Director


EXPRESS WORKTOPS LIMITED (REGISTERED NUMBER: 10128201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Express Worktops 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.
Plant and machinery - 20% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

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 14 (2023 - 12 ) .

EXPRESS WORKTOPS LIMITED (REGISTERED NUMBER: 10128201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1st May 2023 126,583 55,600 12,313 194,496
Additions 100,000 - 831 100,831
At 30th April 2024 226,583 55,600 13,144 295,327
DEPRECIATION
At 1st May 2023 45,409 24,184 8,567 78,160
Charge for year 22,673 6,283 1,511 30,467
At 30th April 2024 68,082 30,467 10,078 108,627
NET BOOK VALUE
At 30th April 2024 158,501 25,133 3,066 186,700
At 30th April 2023 81,174 31,416 3,746 116,336

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 709,452 609,222
Other debtors 260,176 206,888
969,628 816,110

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 30,000 10,000
Trade creditors 375,940 487,207
Taxation and social security 266,908 261,529
Other creditors 288,644 239,542
961,492 998,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 84,167 20,833

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 16,150 16,150
Between one and five years 64,600 16,150
In more than five years 16,150 -
96,900 32,300

EXPRESS WORKTOPS LIMITED (REGISTERED NUMBER: 10128201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

9. RESERVES
Retained
earnings
£   

At 1st May 2023 316,370
Profit for the year 408,404
Dividends (330,531 )
At 30th April 2024 394,243

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2024 and 30th April 2023:

30.4.24 30.4.23
£    £   
Mrs A K Fuller-Kippax and D M Kippax
Balance outstanding at start of year 133,195 71,568
Amounts advanced 180,531 177,801
Amounts repaid (180,531 ) (116,174 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 133,195 133,195

W J Fuller and Miss V M Thorpe
Balance outstanding at start of year 71,693 88,184
Amounts advanced 202,308 133,509
Amounts repaid (150,000 ) (150,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 124,001 71,693