2023-04-012024-03-312024-03-31false03520434A.W. EXPRESS LTD.2024-07-30iso4217:GBPxbrli:pure035204342023-04-01035204342024-03-31035204342023-04-012024-03-31035204342022-04-01035204342023-03-31035204342022-04-012023-03-3103520434bus:SmallEntities2023-04-012024-03-3103520434bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3103520434bus:FullAccounts2023-04-012024-03-3103520434bus:PrivateLimitedCompanyLtd2023-04-012024-03-3103520434core:WithinOneYear2024-03-3103520434core:AfterOneYear2024-03-3103520434core:WithinOneYear2023-03-3103520434core:AfterOneYear2023-03-3103520434core:ShareCapital2024-03-3103520434core:SharePremium2024-03-3103520434core:RevaluationReserve2024-03-3103520434core:OtherReservesSubtotal2024-03-3103520434core:RetainedEarningsAccumulatedLosses2024-03-3103520434core:ShareCapital2023-03-3103520434core:SharePremium2023-03-3103520434core:RevaluationReserve2023-03-3103520434core:OtherReservesSubtotal2023-03-3103520434core:RetainedEarningsAccumulatedLosses2023-03-3103520434core:LandBuildings2024-03-3103520434core:PlantMachinery2024-03-3103520434core:Vehicles2024-03-3103520434core:FurnitureFittings2024-03-3103520434core:OfficeEquipment2024-03-3103520434core:NetGoodwill2024-03-3103520434core:IntangibleAssetsOtherThanGoodwill2024-03-3103520434core:ListedExchangeTraded2024-03-3103520434core:UnlistedNon-exchangeTraded2024-03-3103520434core:LandBuildings2023-03-3103520434core:PlantMachinery2023-03-3103520434core:Vehicles2023-03-3103520434core:FurnitureFittings2023-03-3103520434core:OfficeEquipment2023-03-3103520434core:NetGoodwill2023-03-3103520434core:IntangibleAssetsOtherThanGoodwill2023-03-3103520434core:ListedExchangeTraded2023-03-3103520434core:UnlistedNon-exchangeTraded2023-03-3103520434core:LandBuildings2023-04-012024-03-3103520434core:PlantMachinery2023-04-012024-03-3103520434core:Vehicles2023-04-012024-03-3103520434core:FurnitureFittings2023-04-012024-03-3103520434core:OfficeEquipment2023-04-012024-03-3103520434core:NetGoodwill2023-04-012024-03-3103520434core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103520434core:ListedExchangeTraded2023-04-012024-03-3103520434core:UnlistedNon-exchangeTraded2023-04-012024-03-3103520434core:MoreThanFiveYears2023-04-012024-03-3103520434core:Non-currentFinancialInstruments2024-03-3103520434core:Non-currentFinancialInstruments2023-03-3103520434dpl:CostSales2023-04-012024-03-3103520434dpl:DistributionCosts2023-04-012024-03-3103520434core:LandBuildings2023-04-012024-03-3103520434core:PlantMachinery2023-04-012024-03-3103520434core:Vehicles2023-04-012024-03-3103520434core:FurnitureFittings2023-04-012024-03-3103520434core:OfficeEquipment2023-04-012024-03-3103520434dpl:AdministrativeExpenses2023-04-012024-03-3103520434core:NetGoodwill2023-04-012024-03-3103520434core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103520434dpl:GroupUndertakings2023-04-012024-03-3103520434dpl:ParticipatingInterests2023-04-012024-03-3103520434dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3103520434core:ListedExchangeTraded2023-04-012024-03-3103520434dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3103520434core:UnlistedNon-exchangeTraded2023-04-012024-03-3103520434dpl:CostSales2022-04-012023-03-3103520434dpl:DistributionCosts2022-04-012023-03-3103520434core:LandBuildings2022-04-012023-03-3103520434core:PlantMachinery2022-04-012023-03-3103520434core:Vehicles2022-04-012023-03-3103520434core:FurnitureFittings2022-04-012023-03-3103520434core:OfficeEquipment2022-04-012023-03-3103520434dpl:AdministrativeExpenses2022-04-012023-03-3103520434core:NetGoodwill2022-04-012023-03-3103520434core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103520434dpl:GroupUndertakings2022-04-012023-03-3103520434dpl:ParticipatingInterests2022-04-012023-03-3103520434dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3103520434core:ListedExchangeTraded2022-04-012023-03-3103520434dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3103520434core:UnlistedNon-exchangeTraded2022-04-012023-03-3103520434core:NetGoodwill2024-03-3103520434core:IntangibleAssetsOtherThanGoodwill2024-03-3103520434core:LandBuildings2024-03-3103520434core:PlantMachinery2024-03-3103520434core:Vehicles2024-03-3103520434core:FurnitureFittings2024-03-3103520434core:OfficeEquipment2024-03-3103520434core:AfterOneYear2024-03-3103520434core:WithinOneYear2024-03-3103520434core:ListedExchangeTraded2024-03-3103520434core:UnlistedNon-exchangeTraded2024-03-3103520434core:ShareCapital2024-03-3103520434core:SharePremium2024-03-3103520434core:RevaluationReserve2024-03-3103520434core:OtherReservesSubtotal2024-03-3103520434core:RetainedEarningsAccumulatedLosses2024-03-3103520434core:NetGoodwill2023-03-3103520434core:IntangibleAssetsOtherThanGoodwill2023-03-3103520434core:LandBuildings2023-03-3103520434core:PlantMachinery2023-03-3103520434core:Vehicles2023-03-3103520434core:FurnitureFittings2023-03-3103520434core:OfficeEquipment2023-03-3103520434core:AfterOneYear2023-03-3103520434core:WithinOneYear2023-03-3103520434core:ListedExchang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A.W. EXPRESS LTD.

Registered Number
03520434
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

A.W. EXPRESS LTD.
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

WASSON, Kyle
WASSON, Paul Thomas

Company Secretary

WASSON, Paul Thomas

Registered Address

Chestnut Field House
Chestnut Field
Rugby
CV21 2PD

Registered Number

03520434 (England and Wales)
A.W. EXPRESS LTD.
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3283,419193,484
283,419193,484
Current assets
Debtors134,753117,760
Cash at bank and on hand57,62650,536
192,379168,296
Creditors amounts falling due within one year4(236,314)(153,001)
Net current assets (liabilities)(43,935)15,295
Total assets less current liabilities239,484208,779
Creditors amounts falling due after one year5(89,724)(42,000)
Provisions for liabilities6(59,888)(43,746)
Net assets89,872123,033
Capital and reserves
Called up share capital33
Profit and loss account89,869123,030
Shareholders' funds89,872123,033
The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2024, and are signed on its behalf by:
WASSON, Paul Thomas
Director
Registered Company No. 03520434
A.W. EXPRESS LTD.
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery-20
Vehicles20-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year99
3.Tangible fixed assets

Land & buildings

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 April 231,000363,10214,683378,785
Additions-151,040516151,556
Disposals-(55,750)-(55,750)
At 31 March 241,000458,39215,199474,591
Depreciation and impairment
At 01 April 23-175,3609,941185,301
Charge for year-43,4931,50044,993
On disposals-(39,122)-(39,122)
At 31 March 24-179,73111,441191,172
Net book value
At 31 March 241,000278,6613,758283,419
At 31 March 231,000187,7424,742193,484
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables100,64235,852
Bank borrowings and overdrafts43,21938,494
Taxation and social security20,70066,457
Finance lease and HP contracts19,574-
Other creditors47,8798,398
Accrued liabilities and deferred income4,3003,800
Total236,314153,001
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts89,72442,000
Total89,72442,000
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)59,88843,746
Total59,88843,746