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REGISTERED NUMBER: 06419939 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

EXPRESS SAVERS LIMITED

EXPRESS SAVERS LIMITED (REGISTERED NUMBER: 06419939)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXPRESS SAVERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Sukhjinder Singh Sidhu
Sukhbinder Singh Sidhu
Prabhdip Sidhu





SECRETARY: Sukhjinder Singh Sidhu





REGISTERED OFFICE: 176 Broxtowe Lane
Aspley
Nottingham
Nottinghamshire
NG8 5NG





REGISTERED NUMBER: 06419939 (England and Wales)





ACCOUNTANTS: Altman Smith
461 - 463 London Road
Heeley
Sheffield
South Yorkshire
S2 4HL

EXPRESS SAVERS LIMITED (REGISTERED NUMBER: 06419939)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,404 32,404
Tangible assets 5 78,455 69,447
Investment property 6 68,761 68,761
173,620 170,612

CURRENT ASSETS
Stocks 82,685 94,440
Debtors 7 584,950 475,874
Cash at bank and in hand 92,870 208,590
760,505 778,904
CREDITORS
Amounts falling due within one year 8 81,592 107,231
NET CURRENT ASSETS 678,913 671,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

852,533

842,285

CREDITORS
Amounts falling due after more than one
year

9

49,869

65,471
NET ASSETS 802,664 776,814

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 802,564 776,714
SHAREHOLDERS' FUNDS 802,664 776,814

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

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

EXPRESS SAVERS LIMITED (REGISTERED NUMBER: 06419939)

BALANCE SHEET - continued
31ST DECEMBER 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 by the Board of Directors and authorised for issue on 16th September 2024 and were signed on its behalf by:





Sukhbinder Singh Sidhu - Director


EXPRESS SAVERS LIMITED (REGISTERED NUMBER: 06419939)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Express Savers 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 etc - 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.

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.

EXPRESS SAVERS LIMITED (REGISTERED NUMBER: 06419939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 16 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st January 2023 23,000 26,404 49,404
Disposals (8,000 ) - (8,000 )
At 31st December 2023 15,000 26,404 41,404
AMORTISATION
At 1st January 2023 17,000 - 17,000
Eliminated on disposal (2,000 ) - (2,000 )
At 31st December 2023 15,000 - 15,000
NET BOOK VALUE
At 31st December 2023 - 26,404 26,404
At 31st December 2022 6,000 26,404 32,404

EXPRESS SAVERS LIMITED (REGISTERED NUMBER: 06419939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 293,202
Additions 35,975
Disposals (9,279 )
At 31st December 2023 319,898
DEPRECIATION
At 1st January 2023 223,755
Charge for year 23,988
Eliminated on disposal (6,300 )
At 31st December 2023 241,443
NET BOOK VALUE
At 31st December 2023 78,455
At 31st December 2022 69,447

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 68,761
NET BOOK VALUE
At 31st December 2023 68,761
At 31st December 2022 68,761

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 5,645 69

Amounts falling due after more than one year:
Amounts owed by associates 579,305 475,805

Aggregate amounts 584,950 475,874

The amount of £339,305 has been loaned to PPS Real Estate LTD and £240,000 to GSV Properties LTD, both associated companies, on an interest free basis.

EXPRESS SAVERS LIMITED (REGISTERED NUMBER: 06419939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,092 12,399
Taxation and social security 10,278 21,755
Other creditors 61,222 73,077
81,592 107,231

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 33,302 39,431
Hire purchase contracts 16,567 26,040
49,869 65,471