BUREAU EXPRESS LTD NI070701 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is To carry on the business of a Foreign exchange bureau and any other associated activity or Service Digita Accounts Production Advanced 6.30.9574.0 true NI070701 2023-10-01 2024-09-30 NI070701 2024-09-30 NI070701 bus:Director3 1 2024-09-30 NI070701 bus:OrdinaryShareClass1 2024-09-30 NI070701 core:CurrentFinancialInstruments 2024-09-30 NI070701 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 NI070701 core:Non-currentFinancialInstruments 2024-09-30 NI070701 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 NI070701 core:FurnitureFittingsToolsEquipment 2024-09-30 NI070701 core:OtherPropertyPlantEquipment 2024-09-30 NI070701 bus:SmallEntities 2023-10-01 2024-09-30 NI070701 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI070701 bus:FilletedAccounts 2023-10-01 2024-09-30 NI070701 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI070701 bus:RegisteredOffice 2023-10-01 2024-09-30 NI070701 bus:Director3 2023-10-01 2024-09-30 NI070701 bus:Director3 1 2023-10-01 2024-09-30 NI070701 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 NI070701 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI070701 bus:Agent1 2023-10-01 2024-09-30 NI070701 core:FurnitureFittings 2023-10-01 2024-09-30 NI070701 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI070701 core:OfficeEquipment 2023-10-01 2024-09-30 NI070701 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 NI070701 core:PlantMachinery 2023-10-01 2024-09-30 NI070701 countries:NorthernIreland 2023-10-01 2024-09-30 NI070701 2023-09-30 NI070701 bus:Director3 1 2023-09-30 NI070701 core:FurnitureFittingsToolsEquipment 2023-09-30 NI070701 core:OtherPropertyPlantEquipment 2023-09-30 NI070701 2022-10-01 2023-09-30 NI070701 2023-09-30 NI070701 bus:Director3 1 2023-09-30 NI070701 bus:OrdinaryShareClass1 2023-09-30 NI070701 core:CurrentFinancialInstruments 2023-09-30 NI070701 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 NI070701 core:Non-currentFinancialInstruments 2023-09-30 NI070701 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 NI070701 core:FurnitureFittingsToolsEquipment 2023-09-30 NI070701 core:OtherPropertyPlantEquipment 2023-09-30 NI070701 bus:Director3 1 2022-10-01 2023-09-30 NI070701 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 NI070701 bus:Director3 1 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI070701

BUREAU EXPRESS LTD

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

BUREAU EXPRESS LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

BUREAU EXPRESS LTD

Company Information

Director

Niall Feely

Registered office

5A Lifford Road
Strabane
BT82 8ER

Accountants

SP McKeown & Co Ltd
Chartered Certified Accountants & Tax Advisors5 Lower Catherine Street
Newry
Co Down
BT35 6BE

 

BUREAU EXPRESS LTD

(Registration number: NI070701)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,676

6,926

Current assets

 

Debtors

5

2

2

Cash at bank and in hand

 

163,964

177,589

 

163,966

177,591

Creditors: Amounts falling due within one year

6

(40,880)

(51,538)

Net current assets

 

123,086

126,053

Total assets less current liabilities

 

128,762

132,979

Creditors: Amounts falling due after more than one year

6

(18,979)

(24,167)

Provisions for liabilities

(1,078)

(1,316)

Net assets

 

108,705

107,496

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

108,703

107,494

Shareholders' funds

 

108,705

107,496

For the financial year ending 30 September 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 June 2025
 

.........................................
Niall Feely
Director

   
     
 

BUREAU EXPRESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
5A Lifford Road
Strabane
BT82 8ER

These financial statements were authorised for issue by the director on 26 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

BUREAU EXPRESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% Reducing Balance

Plant & Machinery

25% Reducing Balance

Office Equipment

15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

BUREAU EXPRESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

BUREAU EXPRESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

11,323

7,488

18,811

At 30 September 2024

11,323

7,488

18,811

Depreciation

At 1 October 2023

8,628

3,257

11,885

Charge for the year

404

846

1,250

At 30 September 2024

9,032

4,103

13,135

Carrying amount

At 30 September 2024

2,291

3,385

5,676

At 30 September 2023

2,695

4,231

6,926

5

Debtors

Current

2024
£

2023
£

Trade debtors

2

2

 

2

2

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

7,853

15,994

Trade creditors

 

3,000

1,560

Taxation and social security

 

21,165

20,879

Accruals and deferred income

 

8,188

7,997

Other creditors

 

674

5,108

 

40,880

51,538

Creditors: amounts falling due after more than one year

 

BUREAU EXPRESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

18,979

24,167

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

18,979

24,167

Current loans and borrowings

2024
£

2023
£

Bank borrowings

7,853

10,000

Bank overdrafts

-

5,994

7,853

15,994

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £35,000.00 (2023 - £50,000.00) per each Ordinary share

70,000

100,000

 

 

10

Related party transactions

 

BUREAU EXPRESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

Niall Feely

Directors Loan

4,798

(92,382)

88,256

672

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

Niall Feely

Directors Loan

(2,563)

(85,142)

92,503

4,798

 

BUREAU EXPRESS LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

9,900

9,900

Dividends paid to the director

2024
£

2023
£

Niall Feely

Dividends

35,000

50,000