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Registered number: 07558707
CITY EXPRESS LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2025
Asmita & Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07558707
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 1,212 1,515
1,212 1,515
CURRENT ASSETS
Stocks 6 6,763 6,819
Debtors 7 98 -
Cash at bank and in hand 204 14
7,065 6,833
Creditors: Amounts Falling Due Within One Year 8 (207,970 ) (103,220 )
NET CURRENT ASSETS (LIABILITIES) (200,905 ) (96,387 )
TOTAL ASSETS LESS CURRENT LIABILITIES (199,693 ) (94,872 )
Creditors: Amounts Falling Due After More Than One Year 9 (132,311 ) (211,337 )
NET LIABILITIES (332,004 ) (306,209 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (332,104 ) (306,309 )
SHAREHOLDERS' FUNDS (332,004) (306,209)
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Henaderage Don Luckmini Piyatilake
Director
12/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
CITY EXPRESS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07558707 . The registered office is 164 MOLLISON WAY, EDGWARE, MIDDX, HA8 5QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Blance Method
Motor Vehicles 20% Reducing Blance Method
Fixtures & Fittings 20% Reducing Blance Method
Computer Equipment 20% Reducing Blance Method
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 50,000
As at 31 March 2025 50,000
Amortisation
As at 1 April 2024 50,000
As at 31 March 2025 50,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 12,800 4,725 12,492 1,075 31,092
As at 31 March 2025 12,800 4,725 12,492 1,075 31,092
Depreciation
As at 1 April 2024 11,976 4,725 11,801 1,075 29,577
Provided during the period 165 - 138 - 303
As at 31 March 2025 12,141 4,725 11,939 1,075 29,880
Net Book Value
As at 31 March 2025 659 - 553 - 1,212
As at 1 April 2024 824 - 691 - 1,515
6. Stocks
2025 2024
£ £
Stock 6,763 6,819
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 332 -
Other debtors (234) -
98 -
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 84,138 -
Other taxes and social security - 234
VAT 182 456
Net wages 1,640 1,640
Other creditors 1,676 -
Accruals and deferred income 2,449 1,689
Directors' loan accounts 117,885 99,201
207,970 103,220
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 132,311 211,337
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Director was paid a salary of £8,640 during the yea ended 31 March 2025
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