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REGISTERED NUMBER: 02386963 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EXPRESS BONDING SERVICES LIMITED

EXPRESS BONDING SERVICES LIMITED (REGISTERED NUMBER: 02386963)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EXPRESS BONDING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr D S Gill
Mrs B K Gill





REGISTERED OFFICE: Severn House
Western Road
Oldbury
West Midlands
B69 4LY





REGISTERED NUMBER: 02386963 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

EXPRESS BONDING SERVICES LIMITED (REGISTERED NUMBER: 02386963)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,231 283,643

CURRENT ASSETS
Stocks 27,829 35,280
Debtors 5 603,820 464,789
Cash at bank and in hand 902,742 815,712
1,534,391 1,315,781
CREDITORS
Amounts falling due within one year 6 249,593 185,422
NET CURRENT ASSETS 1,284,798 1,130,359
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,497,029

1,414,002

CREDITORS
Amounts falling due after more than one
year

7

(65,000

)

(117,000

)

PROVISIONS FOR LIABILITIES (45,599 ) (52,306 )
NET ASSETS 1,386,430 1,244,696

CAPITAL AND RESERVES
Called up share capital 12 12
Capital redemption reserve 51 51
Retained earnings 1,386,367 1,244,633
SHAREHOLDERS' FUNDS 1,386,430 1,244,696

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

EXPRESS BONDING SERVICES LIMITED (REGISTERED NUMBER: 02386963)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





Mr D S Gill - Director


EXPRESS BONDING SERVICES LIMITED (REGISTERED NUMBER: 02386963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Express Bonding Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 20 (2023 - 23 ) .

EXPRESS BONDING SERVICES LIMITED (REGISTERED NUMBER: 02386963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 748,793 131,151 9,757 889,701
Disposals - - (521 ) (521 )
At 31 December 2024 748,793 131,151 9,236 889,180
DEPRECIATION
At 1 January 2024 549,713 48,275 8,070 606,058
Charge for year 49,855 20,719 838 71,412
Eliminated on disposal - - (521 ) (521 )
At 31 December 2024 599,568 68,994 8,387 676,949
NET BOOK VALUE
At 31 December 2024 149,225 62,157 849 212,231
At 31 December 2023 199,080 82,876 1,687 283,643

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 291,244 148,520
Other debtors 300,325 304,658
Prepayments and accrued income 12,251 11,611
603,820 464,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 52,000 52,000
Trade creditors 69,856 61,817
Tax 53,253 -
Social security and other taxes 66,664 64,308
Accrued expenses 7,820 7,297
249,593 185,422

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 65,000 117,000

8. RELATED PARTY DISCLOSURES

During the year the company traded with S & B Services Limited, a company in which BK Gill is materially interested as shareholder. The company paid £191,872.60 (2023 - £187,900) in respect of rent and insurance to S & B Services Limited.

EXPRESS BONDING SERVICES LIMITED (REGISTERED NUMBER: 02386963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.