RETAIL EXPRESS (HOLDINGS) LIMITED

Company Registration Number:
08876078 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

RETAIL EXPRESS (HOLDINGS) LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

RETAIL EXPRESS (HOLDINGS) LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 100,000 200,000
Tangible assets: 4 80,392 117,083
Investments: 5 260,000 260,000
Total fixed assets: 440,392 577,083
Current assets
Debtors:   371,504 640,885
Cash at bank and in hand: 291,057 70,544
Total current assets: 662,561 711,429
Creditors: amounts falling due within one year:   (613,033) (416,370)
Net current assets (liabilities): 49,528 295,059
Total assets less current liabilities: 489,920 872,142
Creditors: amounts falling due after more than one year:   (83,793) (134,288)
Total net assets (liabilities): 406,127 737,854
Capital and reserves
Called up share capital: 960 960
Profit and loss account: 405,167 736,894
Shareholders funds: 406,127 737,854

The notes form part of these financial statements

RETAIL EXPRESS (HOLDINGS) LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 January 2025
and signed on behalf of the board by:

Name: Barry Edward Grange
Status: Director

The notes form part of these financial statements

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 35 33

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
At 01 March 2023 500,000
At 28 February 2024 500,000
Amortisation
At 01 March 2023 300,000
Charge for year 100,000
At 28 February 2024 400,000
Net book value
At 28 February 2024 100,000
At 28 February 2023 200,000

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 262,764
Additions 19,828
At 28 February 2024 282,592
Depreciation
At 01 March 2023 145,681
Charge for year 56,519
At 28 February 2024 202,200
Net book value
At 28 February 2024 80,392
At 28 February 2023 117,083

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Fixed investments

Purchased assets from a related company Retail Express Software Ltd to provide long term income and security for all stakeholders. The assets were purchased for a combined sum of £260,000 funded by a long term loan from Grange Builders LLP a vehicle connected to the companies largest shareholder.