Company Registration No. 13916553 (England and Wales)
EXPRESS EAZE LTD
Unaudited accounts
for the year ended 29 February 2024
EXPRESS EAZE LTD
Unaudited accounts
Contents
EXPRESS EAZE LTD
Company Information
for the year ended 29 February 2024
Director
MUWONGE, Emmanuel Kato
Company Number
13916553 (England and Wales)
Registered Office
FLAT 205 10 LIGHTHOUSE VIEW
LONDON
SE10 0YE
ENGLAND
Accountants
Tally Tally Accountants
79 College Road
Harrow
HA1 1BD
EXPRESS EAZE LTD
Statement of financial position
as at 29 February 2024
Tangible assets
8,748
13,121
Cash at bank and in hand
2,050
2,754
Creditors: amounts falling due within one year
(2,308)
(975)
Net current assets
4,414
4,387
Total assets less current liabilities
13,162
17,508
Creditors: amounts falling due after more than one year
(11,318)
(15,304)
Called up share capital
1
1
Profit and loss account
1,843
2,203
Shareholders' funds
1,844
2,204
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 November 2024 and were signed on its behalf by
MUWONGE, Emmanuel Kato
Director
Company Registration No. 13916553
EXPRESS EAZE LTD
Notes to the Accounts
for the year ended 29 February 2024
EXPRESS EAZE LTD is a private company, limited by shares, registered in England and Wales, registration number 13916553. The registered office is FLAT 205 10 LIGHTHOUSE VIEW, LONDON, SE10 0YE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33.33% Reducing Balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
EXPRESS EAZE LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles
At 29 February 2024
19,680
At 29 February 2024
10,932
At 28 February 2023
13,121
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
11,318
15,304
As at the year-end date, the director MUWONGE, Emmanuel Kato had a debit balance of £4,427 (2023 : £2,273 Dr) on his director's current account. This is an interest-free loan from the company and is shown within other debtors due within one year.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).