WALSALL LOCAL EXPRESS LTD

WALSALL LOCAL EXPRESS LTD
Contents Page
For the year ended 31 May 2025

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

WALSALL LOCAL EXPRESS LTD Accountants' Report For the year ended 31 May 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 May 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Jaswal and Co Limited 31 May 2025 .................................................... Jaswal and Co Limited 121 Beavers Lane Hounslow TW4 6HF 19 May 2026 1

WALSALL LOCAL EXPRESS LTD
Accountants' Report
For the year ended 31 May 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 May 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Jaswal and Co Limited
31 May 2025

....................................................

Jaswal and Co Limited
121 Beavers Lane

Hounslow
TW4 6HF
19 May 2026

1

WALSALL LOCAL EXPRESS LTD
Statement of Financial Position
As at 31 May 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	76,800	76,800
		76,800	76,800
Current assets
Stocks		130,500	60,500
Debtors		11,100	14,568
Cash at bank and in hand		11,792	6,959
		153,392	82,027
Creditors: amount falling due within one year		(27,971)	(25,480)
Net current assets		125,421	56,547

Total assets less current liabilities		202,221	133,347
Creditors: amount falling due after more than one year		(239,790)	(166,825)
Provisions for liabilities		(499)	0
Net assets		(38,068)	(33,478)

Capital and reserves
Called up share capital		100	100
Profit and loss account		(38,168)	(33,578)
Shareholders' funds		(38,068)	(33,478)

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 19 May 2026 and were signed by:

-------------------------------
CHOPRA Pritpal Singh
Director

2

WALSALL LOCAL EXPRESS LTD
Notes to the Abridged Financial Statements
For the year ended 31 May 2025

General Information

WALSALL LOCAL EXPRESS LTD is a private company, limited by shares, registered in England and Wales, registration number 14087764, registration address 346 Walsall Wood Road, WS9 8HH.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 2 (2024 : 0).

3.

Intangible fixed assets

Cost	Goodwill	Other	Total
	£	£	£
At 01 June 2024	80,000	-	80,000
Additions	-	-	-
Disposals	-	-	-
At 31 May 2025	80,000	-	80,000
Net book values
At 31 May 2025	80,000	(3,200)	76,800
At 31 May 2024	80,000	(3,200)	76,800

3

Registered Number: 14087764
England and Wales
WALSALL LOCAL EXPRESS LTD

Abridged Accounts

Period of accounts Start date: 01 June 2024 End date: 31 May 2025