Express Gases Limited 15526224 false 2024-02-27 2025-03-31 2025-03-31 The principal activity of the company is other retail sale not in stores, stalls or markets. Digita Accounts Production Advanced 6.30.9574.0 true 15526224 2024-02-27 2025-03-31 15526224 2025-03-31 15526224 core:CurrentFinancialInstruments 2025-03-31 15526224 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15526224 core:Goodwill 2025-03-31 15526224 core:FurnitureFittingsToolsEquipment 2025-03-31 15526224 core:LandBuildings 2025-03-31 15526224 core:MotorVehicles 2025-03-31 15526224 bus:SmallEntities 2024-02-27 2025-03-31 15526224 bus:AuditExemptWithAccountantsReport 2024-02-27 2025-03-31 15526224 bus:FilletedAccounts 2024-02-27 2025-03-31 15526224 bus:SmallCompaniesRegimeForAccounts 2024-02-27 2025-03-31 15526224 bus:RegisteredOffice 2024-02-27 2025-03-31 15526224 bus:Director1 2024-02-27 2025-03-31 15526224 bus:Director2 2024-02-27 2025-03-31 15526224 bus:Director3 2024-02-27 2025-03-31 15526224 bus:PrivateLimitedCompanyLtd 2024-02-27 2025-03-31 15526224 bus:Agent1 2024-02-27 2025-03-31 15526224 core:Goodwill 2024-02-27 2025-03-31 15526224 core:ComputerEquipment 2024-02-27 2025-03-31 15526224 core:FurnitureFittings 2024-02-27 2025-03-31 15526224 core:FurnitureFittingsToolsEquipment 2024-02-27 2025-03-31 15526224 core:LandBuildings 2024-02-27 2025-03-31 15526224 core:MotorVehicles 2024-02-27 2025-03-31 15526224 countries:EnglandWales 2024-02-27 2025-03-31 iso4217:GBP xbrli:pure

Company No: 15526224

Express Gases Limited
Unaudited Financial Statements
27 February 2024 to 31 March 2025

Express Gases Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Express Gases Limited

Company Information

Directors | S M Tollerfield S J Tollerfield J A Tollerfield

Registered office | Suite 8 Bourne Gate 25 Bourne Valley Road Poole Dorset BH12 1DY

Accountants | Brett Pittwood Suite 8 Bourne Gate 25 Bourne Valley Road Poole Dorset BH12 1DY

Express Gases Limited

(Registration number: 15526224)
Balance Sheet as at 31 March 2025

| Note | 2025 £
Fixed assets |  |
Intangible assets | 4 | 500
Tangible assets | 5 | 14,108
|  | 14,608
Current assets |  |
Stocks | 6 | 53,808
Debtors | 7 | 44,827
Cash at bank and in hand |  | 112,257
|  | 210,892
Creditors: Amounts falling due within one year | 8 | (219,895)
Net current liabilities |  | (9,003)
Total assets less current liabilities |  | 5,605
Provisions for liabilities |  | (1,206)
Net assets |  | 4,399
Capital and reserves |  |
Called up share capital |  | 100
Retained earnings |  | 4,299
Shareholders' funds |  | 4,399

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 July 2025 and signed on its behalf by:

S M Tollerfield
Director

Express Gases Limited

Notes to the Unaudited Financial Statements
for the Period from 27 February 2024 to 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 8 Bourne Gate
25 Bourne Valley Road
Poole
Dorset
BH12 1DY
United Kingdom

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.

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.

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.

Express Gases Limited

Notes to the Unaudited Financial Statements
for the Period from 27 February 2024 to 31 March 2025

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
Land and buildings | 10% straight line basis
Fixtures and fittings | 20% reducing balance basis
Motor vehicles | 25% reducing balance basis
Computer equipment | 33% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | over 2 years

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.

Express Gases Limited

Notes to the Unaudited Financial Statements
for the Period from 27 February 2024 to 31 March 2025

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

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.

Express Gases Limited

Notes to the Unaudited Financial Statements
for the Period from 27 February 2024 to 31 March 2025

Financial instruments

Classification
Financial assets
Basic financial assets
Basic financial assets, which include trade debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

Express Gases Limited

Notes to the Unaudited Financial Statements
for the Period from 27 February 2024 to 31 March 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
Additions acquired separately | 1,000 | 1,000
At 31 March 2025 | 1,000 | 1,000
Amortisation
Amortisation charge | 500 | 500
At 31 March 2025 | 500 | 500
Carrying amount
At 31 March 2025 | 500 | 500

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
Additions | 8,625 | 2,530 | 8,000 | 19,155
Disposals | - | - | (2,000) | (2,000)
At 31 March 2025 | 8,625 | 2,530 | 6,000 | 17,155
Depreciation
Charge for the period | 862 | 685 | 1,500 | 3,047
At 31 March 2025 | 862 | 685 | 1,500 | 3,047
Carrying amount
At 31 March 2025 | 7,763 | 1,845 | 4,500 | 14,108

6 | Stocks

| 2025 £
Finished goods and goods for resale | 53,808

Express Gases Limited

Notes to the Unaudited Financial Statements
for the Period from 27 February 2024 to 31 March 2025

7 | Debtors

| 2025 £
Trade debtors | 36,798
Other debtors | 2,459
Prepayments | 5,570
| 44,827

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £
Due within one year |
Trade creditors | 62,576
Taxation and social security | 2,769
Accruals and deferred income | 1,950
Other creditors | 152,600
| 219,895