REGISTERED NUMBER: 02972380 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 November 2025

for

Mail Box Express Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Shaw

Mrs S Shaw

REGISTERED OFFICE:

Unit 9

Bridge Court

Leeds

West Yorkshire

LS11 9TU

REGISTERED NUMBER:

02972380 (England and Wales)

ACCOUNTANTS:

Equate Limited

Chartered Certified Accountants

The Hive Wakefield

142 Thornes Lane

Wakefield

West Yorkshire

WF2 7RE

FIXED ASSETS

Intangible assets

4

9,771

13,246

Tangible assets

5

179,774

238,314

189,545

251,560

CURRENT ASSETS

Debtors

6

255,414

265,882

Cash at bank

4,096

4,539

259,510

270,421

CREDITORS

Amounts falling due within one year

7

244,140

284,066

NET CURRENT ASSETS/(LIABILITIES)

15,370

(13,645

)

TOTAL ASSETS LESS CURRENT LIABILITIES

204,915

237,915

CREDITORS

Amounts falling due after more than one year

8

(67,062

)

(182,363

)

PROVISIONS FOR LIABILITIES

(34,157

)

(45,280

)

NET ASSETS

103,696

10,272

CAPITAL AND RESERVES

Called up share capital

101,000

101,000

Retained earnings

2,696

(90,728

)

103,696

10,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

J D Shaw - Director

1.	STATUTORY INFORMATION

Mail Box Express 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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.

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

Pension costs and other post-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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 December 2024

and 30 November 2025

69,500

37,075

106,575

AMORTISATION

At 1 December 2024

56,254

37,075

93,329

Charge for year

3,475

-

3,475

At 30 November 2025

59,729

37,075

96,804

NET BOOK VALUE

At 30 November 2025

9,771

-

9,771

At 30 November 2024

13,246

-

13,246

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

7,133

69,357

385,387

89,917

551,794

DEPRECIATION

At 1 December 2024

7,133

62,683

161,181

82,483

313,480

Charge for year

-

1,001

56,052

1,487

58,540

At 30 November 2025

7,133

63,684

217,233

83,970

372,020

NET BOOK VALUE

At 30 November 2025

-

5,673

168,154

5,947

179,774

At 30 November 2024

-

6,674

224,206

7,434

238,314

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

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

5,015

378,049

32,290

415,354

DEPRECIATION

At 1 December 2024

5,015

153,535

31,425

189,975

Charge for year

-

55,473

172

55,645

At 30 November 2025

5,015

209,008

31,597

245,620

NET BOOK VALUE

At 30 November 2025

-

169,041

693

169,734

At 30 November 2024

-

224,514

865

225,379

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

220,587

242,181

Other debtors

-

1,500

Tax

22,201

22,201

Prepayments and accrued income

12,626

-

255,414

265,882

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

11,026

-

Other loans

27,384

31,480

Hire purchase contracts (see note 9)

87,854

87,457

Trade creditors

49,253

78,768

Tax

30,772

(30,049

)

Social security and other taxes

11,393

13,432

VAT

6,243

17,330

Other creditors

16,851

4,264

Directors' current accounts

209

25,856

Accruals and deferred income

3,155

55,528

244,140

284,066

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Other loans - 1-2 years

12,070

27,448

Other loans - 2-5 years

27,572

39,641

Hire purchase contracts (see note 9)

27,420

115,274

67,062

182,363

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.11.25

30.11.24

£

£

Net obligations repayable:

Within one year

87,854

87,457

Between one and five years

27,420

115,274

115,274

202,731

Non-cancellable

operating leases

30.11.25

30.11.24

£

£

Within one year

20,084

24,638

Between one and five years

46,729

66,813

66,813

91,451

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

£

Hire purchase contracts

115,274

202,731

Loans

67,026

98,569

182,300

301,300

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company rents a vehicle repair unit from the director at an annual cost of £4,000 (2024: £4,000)

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J D Shaw.