United Business Xpress Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04868054 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

UNITED BUSINESS XPRESS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr R Soni

SECRETARY:

Mrs. N Soni

REGISTERED OFFICE:

505 Pinner Road

Harrow

Middlesex

HA2 6EH

REGISTERED NUMBER:

04868054 (England and Wales)

ACCOUNTANTS:

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of United Business Xpress Limited for the year ended 31 March 2025 which comprise the Profit and Loss account, Statement of Financial Position 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of United Business Xpress Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of United Business Xpress Limited and state those matters that we have agreed to state to the director of United Business Xpress Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than United Business Xpress Limited and its director for our work or for this report.

It is your duty to ensure that United Business Xpress 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 United Business Xpress Limited. You consider that United Business Xpress 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 United Business Xpress 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 financial statements.

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

24 December 2025

FIXED ASSETS

Property, plant and equipment

4

166,990

101,456

CURRENT ASSETS

Debtors

5

695,950

672,579

Cash at bank and in hand

3,341

5,447

699,291

678,026

CREDITORS

Amounts falling due within one year

6

(434,237

)

(389,376

)

NET CURRENT ASSETS

265,054

288,650

TOTAL ASSETS LESS CURRENT
LIABILITIES

432,044

390,106

CREDITORS

Amounts falling due after more than one
year

7

(112,171

)

(84,753

)

PROVISIONS FOR LIABILITIES

(30,931

)

(18,247

)

NET ASSETS

288,942

287,106

CAPITAL AND RESERVES

Called up share capital

200

Share premium

64,900

Retained earnings

223,842

222,006

SHAREHOLDERS' FUNDS

288,942

287,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Mr R Soni - Director

1.	STATUTORY INFORMATION

United Business Xpress 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 represents net invoiced sales of services, excluding value added tax. Revenue from the courier services is recognised at the time of the service is rendered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

30% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Improvements

and

Motor

Computer

to property

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

37,203

31,972

193,636

20,159

282,970

Additions

-

1,037

106,141

-

107,178

Disposals

-

(10,000

)

-

(10,000

)

At 31 March 2025

37,203

33,009

289,777

20,159

380,148

DEPRECIATION

At 1 April 2024

36,903

21,464

103,549

39,757

201,673

Charge for year

300

1,719

38,796

185

41,000

Eliminated on disposal

-

(9,732

)

(19,783

)

(29,515

)

At 31 March 2025

37,203

23,183

132,613

20,159

213,158

NET BOOK VALUE

At 31 March 2025

-

9,826

157,164

-

166,990

At 31 March 2024

300

10,508

90,087

(19,598

)

81,297

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

151,260

Disposals

(10,000

)

At 31 March 2025

141,260

DEPRECIATION

At 1 April 2024

66,017

Charge for year

25,573

Eliminated on disposal

(9,732

)

At 31 March 2025

81,858

NET BOOK VALUE

At 31 March 2025

59,402

At 31 March 2024

85,243

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

617,189

548,139

Amounts owed by connected companies

17,925

VAT

29,509

84,099

Prepayments

31,327

22,416

695,950

672,579

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

35,068

27,329

Hire purchase contracts

18,894

12,723

Trade creditors

295,430

216,416

Tax

-

9,456

Social security and other taxes

709

-

Other creditors

1,198

-

Net Wages

1,915

-

Directors' current accounts

78,155

120,584

Accrued expenses

2,868

434,237

389,376

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans - 1-2 years

2,654

10,440

Bank loans - 2-5 years

-

2,651

Hire purchase contracts

109,517

71,662

112,171

84,753

Bank loan includes unsecured loan under the Bounce Back Loan Scheme.

8.	RELATED PARTY

During the year the company was charged rent of £30,000 (2024: £30,000) by United Business Express Limited, a company in which the director has a beneficial interest.

At the year end the company was owed £17,925 (2024: £17,925) by United Business Express Limited.