Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05791345 Mr Robert Keith Mr John Stobbart Mrs Nicola Keith Mrs Nicola Keith iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05791345 2023-05-31 05791345 2024-05-31 05791345 2023-06-01 2024-05-31 05791345 frs-core:CurrentFinancialInstruments 2024-05-31 05791345 frs-core:Non-currentFinancialInstruments 2024-05-31 05791345 frs-core:FurnitureFittings 2024-05-31 05791345 frs-core:FurnitureFittings 2023-06-01 2024-05-31 05791345 frs-core:FurnitureFittings 2023-05-31 05791345 frs-core:NetGoodwill 2024-05-31 05791345 frs-core:NetGoodwill 2023-06-01 2024-05-31 05791345 frs-core:NetGoodwill 2023-05-31 05791345 frs-core:PlantMachinery 2024-05-31 05791345 frs-core:PlantMachinery 2023-06-01 2024-05-31 05791345 frs-core:PlantMachinery 2023-05-31 05791345 frs-core:ShareCapital 2024-05-31 05791345 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05791345 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05791345 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05791345 frs-bus:SmallEntities 2023-06-01 2024-05-31 05791345 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05791345 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05791345 frs-bus:Director1 2023-06-01 2024-05-31 05791345 frs-bus:Director2 2023-06-01 2024-05-31 05791345 frs-bus:Director3 2023-06-01 2024-05-31 05791345 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 05791345 frs-countries:EnglandWales 2023-06-01 2024-05-31 05791345 2022-05-31 05791345 2023-05-31 05791345 2022-06-01 2023-05-31 05791345 frs-core:CurrentFinancialInstruments 2023-05-31 05791345 frs-core:Non-currentFinancialInstruments 2023-05-31 05791345 frs-core:ShareCapital 2023-05-31 05791345 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05791345
Express International Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Goringe Accountants Ltd
1650 Arlington Business Park
Theale
Reading
Berkshire
RG7 4SA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05791345
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,423 3,154
2,423 3,154
CURRENT ASSETS
Debtors 6 87,947 44,236
Cash at bank and in hand 4 3
87,951 44,239
Creditors: Amounts Falling Due Within One Year 7 (250,677 ) (186,545 )
NET CURRENT ASSETS (LIABILITIES) (162,726 ) (142,306 )
TOTAL ASSETS LESS CURRENT LIABILITIES (160,303 ) (139,152 )
Creditors: Amounts Falling Due After More Than One Year 8 (30,469 ) (31,367 )
NET LIABILITIES (190,772 ) (170,519 )
CAPITAL AND RESERVES
Called up share capital 9 3,100 3,100
Profit and Loss Account (193,872 ) (173,619 )
SHAREHOLDERS' FUNDS (190,772) (170,519)
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Page 2
For the year ending 31 May 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Keith
Director
Mr John Stobbart
Director
Mrs Nicola Keith
Director
26/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Express International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05791345 . The registered office is 3 Brickfield Trading Estate, Brickfield Lane Chandlers Ford, Southampton, Hampshire, SO53 4DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 15% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2023 270,000
As at 31 May 2024 270,000
Amortisation
As at 1 June 2023 270,000
As at 31 May 2024 270,000
Net Book Value
As at 31 May 2024 -
As at 1 June 2023 -
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5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 9,051 12,199 21,250
Additions 115 - 115
As at 31 May 2024 9,166 12,199 21,365
Depreciation
As at 1 June 2023 8,734 9,362 18,096
Provided during the period 97 749 846
As at 31 May 2024 8,831 10,111 18,942
Net Book Value
As at 31 May 2024 335 2,088 2,423
As at 1 June 2023 317 2,837 3,154
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 86,879 43,339
Other debtors 1,068 897
87,947 44,236
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 68,272 58,334
Bank loans and overdrafts 6,903 7,699
Other creditors 155,970 111,043
Taxation and social security 19,532 9,469
250,677 186,545
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 30,469 31,367
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3,100 3,100
10. Directors' Transactions
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Dividends totalling £0 (2023 - £0) were paid in the year in respect of shares held by the company's directors.
Included within creditors is an amount of £71,037 (2023: £61,248) which was due by the company to the 
directors. The loan is repayable on demand and no interest was paid or accrued on this loan in the year.
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