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REGISTERED NUMBER: 09417707 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 29 February 2024

for

EXPRESS FOOD SUPPLIES LIMITED

EXPRESS FOOD SUPPLIES LIMITED (REGISTERED NUMBER: 09417707)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXPRESS FOOD SUPPLIES LIMITED

Company Information
for the year ended 29 February 2024







DIRECTOR: H A Al-Faham





REGISTERED OFFICE: Units 9-12 Victoria Street
Middlesbrough
TS1 5QZ





REGISTERED NUMBER: 09417707 (England and Wales)





ACCOUNTANTS: Mitchells Grievson
Chartered Accountants
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

EXPRESS FOOD SUPPLIES LIMITED (REGISTERED NUMBER: 09417707)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,498 28,368

CURRENT ASSETS
Stocks 417,000 190,200
Debtors 5 161,882 175,733
Cash at bank and in hand 78,155 169,390
657,037 535,323
CREDITORS
Amounts falling due within one year 6 227,118 162,864
NET CURRENT ASSETS 429,919 372,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

451,417

400,827

CREDITORS
Amounts falling due after more than one
year

7

(29,002

)

(34,678

)

PROVISIONS FOR LIABILITIES (3,542 ) (6,222 )
NET ASSETS 418,873 359,927

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 418,773 359,827
418,873 359,927

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

EXPRESS FOOD SUPPLIES LIMITED (REGISTERED NUMBER: 09417707)

Balance Sheet - continued
29 February 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 7 November 2024 and were signed by:





H A Al-Faham - Director


EXPRESS FOOD SUPPLIES LIMITED (REGISTERED NUMBER: 09417707)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Express Food Supplies 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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

EXPRESS FOOD SUPPLIES LIMITED (REGISTERED NUMBER: 09417707)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 8,683 2,211 50,500 61,394
DEPRECIATION
At 1 March 2023 5,608 1,539 25,879 33,026
Charge for year 615 100 6,155 6,870
At 29 February 2024 6,223 1,639 32,034 39,896
NET BOOK VALUE
At 29 February 2024 2,460 572 18,466 21,498
At 28 February 2023 3,075 672 24,621 28,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 155,182 169,267
Other debtors 6,700 6,466
161,882 175,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,709 5,600
Trade creditors 193,872 116,254
Taxation and social security 18,655 22,416
Other creditors 8,882 18,594
227,118 162,864

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,002 34,678