REGISTERED NUMBER: 10134406 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2026

for

REXPRESS COURIERS LTD

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

L SUGDEN

MRS R A CONWAY-SUGDEN

SECRETARY:

MERLIN BUSINESS SERVICES UK LTD

REGISTERED OFFICE:

STAFFORDSHIRE KNOT

PINFOLD STREET

WEDNESBURY

WS10 8TE

REGISTERED NUMBER:

10134406 (England and Wales)

ACCOUNTANTS:

MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD

STAFFORDSHIRE KNOT

PINFOLD STREET

WEDNESBURY

WS10 8TE

The directors present their report with the financial statements of the company for the year ended 31 March 2026.

DIRECTORS

L SUGDEN has held office during the whole of the period from 1 April 2025 to the date of this report.

Other changes in directors holding office are as follows:

MRS R A CONWAY-SUGDEN - appointed 1 April 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

L SUGDEN - Director

1 July 2026

TURNOVER

2,117,005

1,510,648

Cost of sales

1,853,857

1,400,798

GROSS PROFIT

263,148

109,850

Distribution costs

773

-

Administrative expenses

73,236

57,493

74,009

57,493

OPERATING PROFIT

189,139

52,357

Interest receivable and similar income

795

-

189,934

52,357

Interest payable and similar expenses

940

-

PROFIT BEFORE TAXATION

188,994

52,357

Tax on profit

28,313

7,527

PROFIT FOR THE FINANCIAL YEAR

160,681

44,830

Retained earnings at beginning of year

44,082

9,252

Dividends

4

(150,000

)

(10,000

)

RETAINED EARNINGS AT END OF YEAR

54,763

44,082

FIXED ASSETS

Tangible assets

5

81,607

12,739

CURRENT ASSETS

Debtors

6

29,107

12,987

Cash at bank and in hand

172,156

46,174

201,263

59,161

CREDITORS

Amounts falling due within one year

7

193,532

17,225

NET CURRENT ASSETS

7,731

41,936

TOTAL ASSETS LESS CURRENT LIABILITIES

89,338

54,675

CREDITORS

Amounts falling due after more than one year

8

34,574

10,592

NET ASSETS

54,764

44,083

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

54,763

44,082

SHAREHOLDERS' FUNDS

54,764

44,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by:

L SUGDEN - Director

1.	STATUTORY INFORMATION

REXPRESS COURIERS LTD 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2025 - 3 ) .

4.

DIVIDENDS

31/3/26

31/3/25

£

£

ORDINARY share of 1.00

Final

150,000

10,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2025

12,739

Additions

68,868

At 31 March 2026

81,607

NET BOOK VALUE

At 31 March 2026

81,607

At 31 March 2025

12,739

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Directors' current accounts

14,314

-

VAT

14,793

12,987

29,107

12,987

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/26

31/3/25

£

£

Bank loans and overdrafts

2,851

1,257

Trade creditors

129,000

(2

)

Tax

28,313

7,528

P.A.Y.E. Tax

2,103

2,103

Directors' current accounts

28,865

4,514

Accrued expenses

2,400

1,825

193,532

17,225

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/26

31/3/25

£

£

Bounce Back Loan

-

10,592

Other loans - 1-2 years

40,000

-

No description

(5,426

)

-

34,574

10,592