Registered number
09332139
Express Assets Limited
Report and Accounts
31 January 2025
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Express Assets Limited
Registered number: 09332139
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 88,132 139,127
Cash at bank and in hand 13,703 103,201
101,835 242,328
Creditors: amounts falling due within one year 4 (19,480) (173,514)
Net current assets 82,355 68,814
Net assets 82,355 68,814
Capital and reserves
Called up share capital 1 1
Profit and loss account 82,354 68,813
Shareholders' funds 82,355 68,814
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 Assets 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.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 130 195
3 Debtors 2025 2024
£ £
Other debtors 88,132 139,127
4 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 3,176 4,310
Other creditors 16,304 169,204
19,480 173,514
5 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.
6 Controlling party
The company is controlled by its directors and shareholder.
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