Company Registration No. 09727406 (England and Wales)
XPRESS LOGISTIC SERVICES LTD
Unaudited accounts
for the year ended 31 March 2024
XPRESS LOGISTIC SERVICES LTD
Unaudited accounts
Contents
XPRESS LOGISTIC SERVICES LTD
Company Information
for the year ended 31 March 2024
Company Number
09727406 (England and Wales)
Registered Office
Unit 3, Stockley Farm
Stockley Road
West Drayton
Middlesex
UB7 9BW
Accountants
I K Associates (UK) Limited
132 Barkerend Road
Accent Business Centre
Bradford
West Yorkshire
BD3 9BE
XPRESS LOGISTIC SERVICES LTD
Statement of financial position
as at 31 March 2024
Tangible assets
567,030
538,180
Cash at bank and in hand
46,451
53,591
Creditors: amounts falling due within one year
(457,573)
(390,598)
Net current liabilities
(63,436)
(70,320)
Total assets less current liabilities
503,594
467,860
Creditors: amounts falling due after more than one year
(345,468)
(397,229)
Called up share capital
100
100
Profit and loss account
158,026
70,531
Shareholders' funds
158,126
70,631
For the year ending 31 March 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 10 February 2025 and were signed on its behalf by
Ishfaq Ali
Director
Company Registration No. 09727406
XPRESS LOGISTIC SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2024
XPRESS LOGISTIC SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 09727406. The registered office is Unit 3, Stockley Farm, Stockley Road, West Drayton, Middlesex, UB7 9BW.
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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
18,444
571,994
29,280
619,718
Additions
-
130,452
900
131,352
At 31 March 2024
18,444
702,446
30,180
751,070
At 1 April 2023
5,241
65,878
10,419
81,538
Charge for the year
2,377
96,714
3,411
102,502
At 31 March 2024
7,618
162,592
13,830
184,040
At 31 March 2024
10,826
539,854
16,350
567,030
At 31 March 2023
13,203
506,116
18,861
538,180
XPRESS LOGISTIC SERVICES LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
296,086
266,687
Amounts falling due after more than one year
Amounts due from group undertakings etc.
2,600
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
240,159
183,709
Trade creditors
61,431
126,004
Taxes and social security
63,195
16,215
Loans from directors
5,417
43,633
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
323,801
365,562
8
Average number of employees
During the year the average number of employees was 22 (2023: 15).