Company registration number 08884543 (England and Wales)
ASAP EXPRESS (BRISTOL) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ASAP EXPRESS (BRISTOL) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
ASAP EXPRESS (BRISTOL) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ASAP EXPRESS (BRISTOL) LIMITED FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ASAP Express (Bristol) Limited for the year ended 31 March 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of ASAP Express (Bristol) Limited, as a body, in accordance with the terms of our engagement letter dated 26 October 2020. Our work has been undertaken solely to prepare for your approval the financial statements of ASAP Express (Bristol) Limited and state those matters that we have agreed to state to the b oard of d irectors of ASAP Express (Bristol) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ASAP Express (Bristol) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that ASAP Express (Bristol) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ASAP Express (Bristol) Limited. You consider that ASAP Express (Bristol) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ASAP Express (Bristol) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Malcolm Piper & Company Limited
Chartered Accountants
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
B44 8LS
United Kingdom
23 October 2025
ASAP EXPRESS (BRISTOL) LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
624
931
Current assets
Debtors
4
321,163
411,312
Cash at bank and in hand
14,312
11,412
335,475
422,724
Creditors: amounts falling due within one year
5
(219,927)
(267,470)
Net current assets
115,548
155,254
Total assets less current liabilities
116,172
156,185
Provisions for liabilities
(156)
(233)
Net assets
116,016
155,952
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
115,916
155,852
Total equity
116,016
155,952

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 October 2025 and are signed on its behalf by:
Mr M R Willetts
Director
Company registration number 08884543 (England and Wales)
ASAP EXPRESS (BRISTOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

ASAP Express (Bristol) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, United Kingdom, B44 8LS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on reducing balance

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.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

ASAP EXPRESS (BRISTOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
7
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2024 and 31 March 2025
4,838
Depreciation and impairment
At 1 April 2024
3,907
Depreciation charged in the year
307
At 31 March 2025
4,214
Carrying amount
At 31 March 2025
624
At 31 March 2024
931
ASAP EXPRESS (BRISTOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
228,323
248,254
Amounts owed by group undertakings
86,318
155,405
Other debtors
6,522
7,653
321,163
411,312

Included in trade debtors above are debts totalling £116,805 (2024 - £145,977) which are subject to a factoring agreement.

5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
182,616
212,877
Taxation and social security
26,048
43,723
Other creditors
11,263
10,870
219,927
267,470
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
20
20
20
20
Ordinary B shares of £1 each
45
45
45
45
Ordinary C shares of £1 each
35
35
35
35
100
100
100
100
7
Related party transactions
Transactions with related parties

During the year, the company undertook the following transactions with related parties:-

Name of related party
Nature of relationship
ASAP Express Limited
Fellow subsidiary
ASAP Express Limited
Fellow subsidiary
ASAP Express Limited
Fellow subsidiary
ASAP Sales Limited
Fellow subsidiary
ASAP EXPRESS (BRISTOL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Related party transactions
(Continued)
- 6 -
Description of
Income
Payments
transaction
2025
2024
2025
2024
£
£
£
£
ASAP Express Limited
Software rental
-
0
-
0
-
0
6,000
ASAP Express Limited
Management charges
-
0
-
0
130,000
95,000
ASAP Express Limited
Warehouse rent
-
0
-
0
-
0
10,400
ASAP Sales Limited
Management charges
-
0
-
0
119,000
156,000
Balances with related parties

The following amounts were owed by and to fellow group companies at the year end. All amounts were unsecured, interest-free, and carried no stipulation as to terms of repayment.

Amounts owed by
Amounts owed to
related parties
related parties
2025
2024
2025
2024
£
£
£
£
As Soon As Possible Group Limited
276,620
-
0
-
0
58,866
ASAP Aviation Limited
38,486
41,642
-
0
-
0
ASAP Express Limited
-
0
-
0
303,273
270,399
ASAP Global Limited
-
0
364,428
-
0
-
0
ASAP Sales Limited
74,484
78,600
-
0
-
0
8
Parent company

The company is a subsidiary of As Soon As Possible Group Limited, which is registered in England and Wales and whose registered offices is Kingsnorth House, Blenheim Way, Birmingham, West Midlands, B44 8LS.

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