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Company No: 08771410 (England and Wales)

BA EXPRESS LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

BA EXPRESS LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

BA EXPRESS LTD

COMPANY INFORMATION

For the financial year ended 30 April 2024
BA EXPRESS LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTOR Thiago Alves De Brito
SECRETARY Valeria Rebeque De Brito
REGISTERED OFFICE 20 The Laurels
Longfield
DA3 7HH
United Kingdom
COMPANY NUMBER 08771410 (England and Wales)
ACCOUNTANT Synergee
Pluto House
6 Vale Avenue
Tunbridge Wells
TN1 1DJ
BA EXPRESS LTD

BALANCE SHEET

As at 30 April 2024
BA EXPRESS LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 416,524 398,320
416,524 398,320
Current assets
Debtors 4 312,576 135,455
Cash at bank and in hand 5 40,279 40,768
352,855 176,223
Creditors: amounts falling due within one year 6 ( 540,555) ( 405,582)
Net current liabilities (187,700) (229,359)
Total assets less current liabilities 228,824 168,961
Creditors: amounts falling due after more than one year 7 ( 211,692) ( 168,861)
Net assets 17,132 100
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 17,032 0
Total shareholders' funds 17,132 100

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of BA Express Ltd (registered number: 08771410) were approved and authorised for issue by the Director on 28 May 2025. They were signed on its behalf by:

Thiago Alves De Brito
Director
BA EXPRESS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
BA EXPRESS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

BA Express Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20 The Laurels, Longfield, DA3 7HH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 3 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 687,242 687,242
Additions 143,669 143,669
At 30 April 2024 830,911 830,911
Accumulated depreciation
At 01 May 2023 288,922 288,922
Charge for the financial year 125,465 125,465
At 30 April 2024 414,387 414,387
Net book value
At 30 April 2024 416,524 416,524
At 30 April 2023 398,320 398,320

4. Debtors

2024 2023
£ £
Trade debtors 233,224 96,737
Other debtors 79,352 38,718
312,576 135,455

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 40,279 40,768

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 9,526 9,294
Trade creditors 244,983 226,884
Taxation and social security 118,470 53,412
Obligations under finance leases and hire purchase contracts (secured) 149,476 97,618
Other creditors 18,100 18,374
540,555 405,582

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 13,997 23,522
Obligations under finance leases and hire purchase contracts (secured) 197,695 145,339
211,692 168,861

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's director

Advances

During the year £78,890 (2023: £10,784) was advanced to the director and £10,784 (2023: £nil) was repaid. The balance due from the director at the year end was £78,790 (2023: £10,784). Interest was charged at HMRC official rates. The loan is repayable on demand.