Registered number
11617889
Express Housing Group Limited
Filleted Accounts
30 June 2024
Express Housing Group Limited
Registered number: 11617889
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Stocks 827,659 1,390,026
Debtors 3 23,080 415,945
Cash at bank and in hand 767 1,880
851,506 1,807,851
Creditors: amounts falling due within one year 4 (804,553) (1,755,821)
Net current assets 46,953 52,030
Net assets 46,953 52,030
Capital and reserves
Called up share capital 100 100
Profit and loss account 46,853 51,930
Shareholders' funds 46,953 52,030
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M O Edmonds
Director
Approved by the board on 5 February 2025
Express Housing Group Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees and directors 2024 2023
Number Number
Average number of directors and employees 1 1
3 Debtors 2024 2023
£ £
Trade debtors 23,080 397,236
Other debtors - 18,709
23,080 415,945
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 552,513 721,393
Trade creditors 688 688
Taxation and social security costs - 4,885
Other creditors 251,352 1,028,855
804,553 1,755,821
5 SECURED DEBTS 2024 2023
£ £
Creditors include:
Bank loans 552,513 721,393
6 Other information
Express Housing Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
Flat 2, Bentley
8 Egham Hill
Egham
TW20 0BD
Express Housing Group Limited 11617889 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 M O Edmonds No description of principal activity 11617889 2022-07-01 2023-06-30 11617889 core:WithinOneYear 2023-06-30 11617889 core:ShareCapital 2023-06-30 11617889 core:RetainedEarningsAccumulatedLosses 2023-06-30 11617889 2023-07-01 2024-06-30 11617889 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11617889 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11617889 bus:Director40 2023-07-01 2024-06-30 11617889 1 2023-07-01 2024-06-30 11617889 2 2023-07-01 2024-06-30 11617889 countries:England 2023-07-01 2024-06-30 11617889 bus:FRS102 2023-07-01 2024-06-30 11617889 bus:FilletedAccounts 2023-07-01 2024-06-30 11617889 2024-06-30 11617889 core:WithinOneYear 2024-06-30 11617889 core:ShareCapital 2024-06-30 11617889 core:RetainedEarningsAccumulatedLosses 2024-06-30 11617889 2023-06-30 iso4217:GBP xbrli:pure