Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Donau Express Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R L Church

R Kendell

A D Bourne

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

05494254 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

136,276

166,799

CURRENT ASSETS

Stocks

5

11,867

13,391

Debtors: amounts falling due within one year

6

379,066

258,659

Cash at bank and in hand

160,447

217,745

551,380

489,795

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

363,140

354,003

NET CURRENT ASSETS

188,240

135,792

TOTAL ASSETS LESS CURRENT LIABILITIES

324,516

302,591

CREDITORS MORE THAN ONE YEAR

8

(11,667

)

(46,667

)

PROVISIONS FOR LIABILITIES

(40,250

)

(40,250

)

NET ASSETS

272,599

215,674

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

272,499

215,574

SHAREHOLDERS' FUNDS

272,599

215,674

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.

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 24 September 2025 and were signed on its behalf by:

D R L Church - Director

R Kendell - Director

1.	STATUTORY INFORMATION

Donau Express 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.

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 recognised on an invoice basis and represents net invoiced sales of goods and services excluding value added tax. Sales are recognised as work is completed or delivered.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 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.

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 23 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

446,524

21,051

12,500

19,370

499,445

Additions

6,442

7,532

-

-

13,974

At 31 December 2024

452,966

28,583

12,500

19,370

513,419

DEPRECIATION

At 1 January 2024

300,648

5,808

12,250

13,940

332,646

Charge for year

37,648

5,536

62

1,251

44,497

At 31 December 2024

338,296

11,344

12,312

15,191

377,143

NET BOOK VALUE

At 31 December 2024

114,670

17,239

188

4,179

136,276

At 31 December 2023

145,876

15,243

250

5,430

166,799

5.

STOCKS

2024

2023

£

£

Stocks

11,867

13,391

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

194,972

181,688

Other debtors

4,954

3,699

Directors' current accounts

103,148

-

Prepayments

75,992

73,272

379,066

258,659

The directors loan was repaid in July 2025.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

35,000

35,000

Trade creditors

69,071

79,407

Amounts owed to group undertakings

71,170

45,263

Tax

32,350

28,204

Social security and other taxes

14,175

15,190

VAT

32,710

34,517

Other creditors

1,800

1,801

Pension fund

3,446

3,596

Directors' current accounts

-

11,852

Accruals and deferred income

103,418

99,173

363,140

354,003

8.	CREDITORS MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

11,667

46,667

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loan - 1

35,000

35,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

11,667

35,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

11,667

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

46,667

81,667

The CBIL loan is secured by way of a debenture over the company assets.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

12.	HOLDING COMPANY

The company is a wholly owned subsidiary of Donau Limited, a company registered in England.