Registered number
09332108
Express Management Limited
Report and Accounts
31 January 2025
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Express Management Limited
Registered number: 09332108
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 741,391 448,454
Investments 5 373,126 127
1,114,517 448,581
Current assets
Debtors 6 1,644,104 2,200,870
Cash at bank and in hand 164,890 224,815
1,808,994 2,425,685
Creditors: amounts falling due within one year 7 (317,663) (396,936)
Net current assets 1,491,331 2,028,749
Total assets less current liabilities 2,605,848 2,477,330
Creditors: amounts falling due after more than one year 8 (441,184) (68,824)
Provisions for liabilities (185,348) (112,114)
Net assets 1,979,316 2,296,392
Capital and reserves
Called up share capital 40,200 40,200
Profit and loss account 1,939,116 2,256,192
Shareholders' funds 1,979,316 2,296,392
The directors are 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 directors acknowledge their 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 Evans
Director
Approved by the board on 4 March 2025
Express Management Limited
Notes to the Accounts
for the year ended 31 January 2025
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.
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% straight line
Motor vehicles 33% straight line
Investments
During the year there was a change in policy. The effect of this change in policy has resulted in a reduction in the profit for the year of £157,000. Investments in non group companies are amortised over 4 years, previously no amortisation was charged.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet 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 the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 110,031
At 31 January 2025 110,031
Amortisation
At 1 February 2024 110,031
At 31 January 2025 110,031
Net book value
At 31 January 2025 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 8 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 557,371 1,520,849 2,078,220
Additions 56,701 704,739 761,440
Disposals - (732,565) (732,565)
At 31 January 2025 614,072 1,493,023 2,107,095
Depreciation
At 1 February 2024 539,170 1,090,596 1,629,766
Charge for the year 18,764 319,539 338,303
On disposals - (602,365) (602,365)
At 31 January 2025 557,934 807,770 1,365,704
Net book value
At 31 January 2025 56,138 685,253 741,391
At 31 January 2024 18,201 430,253 448,454
5 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 February 2024 127 - 127
Additions 100,000 430,000 530,000
Disposals/impairment (50,001) (107,000) (157,001)
At 31 January 2025 50,126 323,000 373,126
Investment in subsidiaries represents shareholdings in the following companies:
Company Shares held
Class %
EDS Couriers Ltd Ordinary 100
Express Pallets Limited Ordinary 100
Express Vehicle Repairs Limited Ordinary 100
EDS Stoke Limited Ordinary 100
EDS Global Limited Ordinary 100
Hollyswift Limited Ordinary 100
6 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 491,434 885,172
Other debtors 1,152,670 1,315,698
1,644,104 2,200,870
7 Creditors: amounts falling due within one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 183,916 111,189
Amounts owed to group undertakings and undertakings in which the company has a participating interest 39,017 98,024
Corporation tax - 19,339
Other creditors 94,730 168,384
317,663 396,936
8 Creditors: amounts falling due after one year 2025 2024
£ £
Obligations under finance lease and hire purchase contracts 441,184 68,824
9 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
At the year end the directors loan account for Mr M Evans was overdrawn by £47,198.
10 Controlling party
The company is controlled by its directors and shareholders.
Express Management Limited 09332108 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts July 2024 M Evans No description of principal activity 09332108 2023-02-01 2024-01-31 09332108 core:WithinOneYear 2024-01-31 09332108 core:AfterOneYear 2024-01-31 09332108 core:ShareCapital 2024-01-31 09332108 core:RetainedEarningsAccumulatedLosses 2024-01-31 09332108 2024-02-01 2025-01-31 09332108 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 09332108 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 09332108 bus:Director40 2024-02-01 2025-01-31 09332108 core:PlantMachinery 2024-02-01 2025-01-31 09332108 core:Vehicles 2024-02-01 2025-01-31 09332108 bus:FRS102 2024-02-01 2025-01-31 09332108 bus:FilletedAccounts 2024-02-01 2025-01-31 09332108 2025-01-31 09332108 core:WithinOneYear 2025-01-31 09332108 core:AfterOneYear 2025-01-31 09332108 core:ShareCapital 2025-01-31 09332108 core:RetainedEarningsAccumulatedLosses 2025-01-31 09332108 core:Goodwill 2025-01-31 09332108 core:PlantMachinery 2025-01-31 09332108 core:Vehicles 2025-01-31 09332108 2024-01-31 09332108 core:Goodwill 2024-01-31 09332108 core:PlantMachinery 2024-01-31 09332108 core:Vehicles 2024-01-31 iso4217:GBP xbrli:pure