Company registration number 05711729 (England and Wales)
D. SMITH EXPRESS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
D. SMITH EXPRESS LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
D. SMITH EXPRESS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The directors present their annual report and financial statements for the year ended 30 April 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mrs S J Smith
Mr S A Smith
Mr J B Keeling
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr S A Smith
Director
17 November 2025
D. SMITH EXPRESS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,223,399
1,885,786
Current assets
Stocks
48,000
45,000
Debtors
4
357,731
415,819
Cash at bank and in hand
281,180
478,390
686,911
939,209
Creditors: amounts falling due within one year
5
(568,082)
(563,500)
Net current assets
118,829
375,709
Total assets less current liabilities
2,342,228
2,261,495
Creditors: amounts falling due after more than one year
6
(845,824)
(765,423)
Provisions for liabilities
(555,852)
(471,449)
Net assets
940,552
1,024,623
Capital and reserves
Called up share capital
40
40
Capital redemption reserve
161
161
Profit and loss reserves
940,351
1,024,422
Total equity
940,552
1,024,623
D. SMITH EXPRESS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 3 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has 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 17 November 2025 and are signed on its behalf by:
Mr S A Smith
Director
Company registration number 05711729 (England and Wales)
D. SMITH EXPRESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
1
Accounting policies
Company information

D. Smith Express Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lakeview House, 4 Woodbrook Crescent, Billericay, Essex, United Kingdom, CM12 0EQ.

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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of service is recognised when the company has delivered to th e customer, the customer has accepted and collectability of the related receivable is reasonably assured.

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:

Plant and machinary
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
15% on reducing balance
1.4
Stocks

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

1.5
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.

D. SMITH EXPRESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 5 -
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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
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.

1.7
Leases
As lessee

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

2
Employees

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

2025
2024
Number
Number
Total
18
19
D. SMITH EXPRESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
3
Tangible fixed assets
Plant and machinary
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 May 2024
352,949
20,122
3,104,107
3,477,178
Additions
66,000
-
0
704,507
770,507
Disposals
-
0
-
0
(28,407)
(28,407)
At 30 April 2025
418,949
20,122
3,780,207
4,219,278
Depreciation and impairment
At 1 May 2024
199,558
17,167
1,374,667
1,591,392
Depreciation charged in the year
54,850
739
364,701
420,290
Eliminated in respect of disposals
-
0
-
0
(15,803)
(15,803)
At 30 April 2025
254,408
17,906
1,723,565
1,995,879
Carrying amount
At 30 April 2025
164,541
2,216
2,056,642
2,223,399
At 30 April 2024
153,391
2,955
1,729,440
1,885,786
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
354,966
413,284
Other debtors
2,167
2,167
Prepayments and accrued income
598
368
357,731
415,819
5
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
419,324
332,913
Trade creditors
86,770
88,670
Corporation tax
1,136
431
Other taxation and social security
57,305
130,190
Other creditors
547
8,296
Accruals and deferred income
3,000
3,000
568,082
563,500
D. SMITH EXPRESS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 7 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
845,824
765,423
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