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REGISTERED NUMBER: 04627736 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

X-Press Legal Services (Franchising)
Limited

X-Press Legal Services (Franchising)
Limited (Registered number: 04627736)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


X-Press Legal Services (Franchising)
Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: D Lister
Mrs L Lister
C Lister
R Lister
Miss H Lister





SECRETARY: D Lister





REGISTERED OFFICE: 12 Webster Court
Carina Park
Westbrook
Warrington
Cheshire.
WA5 8WD





REGISTERED NUMBER: 04627736 (England and Wales)





ACCOUNTANTS: Nick Brajkovich Limited
Chartered Accountants
29 Withers Avenue
Warrington
Cheshire
WA2 8EU

X-Press Legal Services (Franchising)
Limited (Registered number: 04627736)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 144,201 65,372
Tangible assets 5 1,116 1,487
145,317 66,859

CURRENT ASSETS
Debtors 6 1,053,401 893,710
Cash at bank 361,376 605,558
1,414,777 1,499,268
CREDITORS
Amounts falling due within one year 7 150,032 164,225
NET CURRENT ASSETS 1,264,745 1,335,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,410,062

1,401,902

CREDITORS
Amounts falling due after more than one
year

8

10,143

19,160
NET ASSETS 1,399,919 1,382,742

CAPITAL AND RESERVES
Called up share capital 85 85
Capital redemption reserve 15 15
Retained earnings 1,399,819 1,382,642
SHAREHOLDERS' FUNDS 1,399,919 1,382,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

X-Press Legal Services (Franchising)
Limited (Registered number: 04627736)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:




D Lister - Director



Mrs L Lister - Director


X-Press Legal Services (Franchising)
Limited (Registered number: 04627736)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

X-Press Legal Services (Franchising) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

R & D are being amortised evenly over their estimated useful life of five years.

Research and development
The company has built a bespoke case management system with an integrated online ordering system.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

X-Press Legal Services (Franchising)
Limited (Registered number: 04627736)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
R & D
£   
COST
At 1 August 2023 692,496
Additions 180,250
At 31 July 2024 872,746
AMORTISATION
At 1 August 2023 627,124
Amortisation for year 101,421
At 31 July 2024 728,545
NET BOOK VALUE
At 31 July 2024 144,201
At 31 July 2023 65,372

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 16,312 680 16,992
DEPRECIATION
At 1 August 2023 14,826 679 15,505
Charge for year 371 - 371
At 31 July 2024 15,197 679 15,876
NET BOOK VALUE
At 31 July 2024 1,115 1 1,116
At 31 July 2023 1,486 1 1,487

X-Press Legal Services (Franchising)
Limited (Registered number: 04627736)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 188,577 146,939
Other debtors 278,317 278,340
466,894 425,279

Amounts falling due after more than one year:
Amounts owed by participating interests 535,787 421,202
Other debtors 50,720 47,229
586,507 468,431

Aggregate amounts 1,053,401 893,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 21,628 19,985
Trade creditors 39,065 60,319
Taxation and social security 62,287 41,904
Other creditors 27,052 42,017
150,032 164,225

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 10,143 19,160

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
D Lister
Balance outstanding at start of year 124,784 117,530
Amounts advanced 18,328 7,254
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 143,112 124,784

X-Press Legal Services (Franchising)
Limited (Registered number: 04627736)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss H Lister
Balance outstanding at start of year - -
Amounts advanced 7,305 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,305 -

C Lister
Balance outstanding at start of year 60,066 56,977
Amounts advanced 5,588 3,089
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,654 60,066

Mrs L Lister
Balance outstanding at start of year 7,797 7,797
Amounts advanced 10,677 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,474 7,797