X-PRESS LEGAL SERVICES (WESSEX) LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 05874330 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st July 2026

for

X-PRESS LEGAL SERVICES (WESSEX) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs L R Mannion

Mr P T Mannion

SECRETARY:

Mrs L R Mannion

REGISTERED OFFICE:

Unit 6 Thornbury Office Park

Midland Way

Thornbury

Bristol

BS35 2BS

REGISTERED NUMBER:

05874330 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

2,004

449

2,004

449

CURRENT ASSETS

Debtors

6

572,058

482,324

Cash at bank

7

227,018

317,272

799,076

799,596

CREDITORS

Amounts falling due within one year

8

129,145

154,090

NET CURRENT ASSETS

669,931

645,506

TOTAL ASSETS LESS CURRENT LIABILITIES

671,935

645,955

PROVISIONS FOR LIABILITIES

501

112

NET ASSETS

671,434

645,843

CAPITAL AND RESERVES

Called up share capital

11

100

Retained earnings

12

671,334

645,743

SHAREHOLDERS' FUNDS

671,434

645,843

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 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 30th October 2026 and were signed on its behalf by:

Mrs L R Mannion - Director

1.	STATUTORY INFORMATION

X-PRESS LEGAL SERVICES (WESSEX) 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.

The financial statements are presented in Pounds Sterling (£), which is the Company's functional and presentation currency.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

The following are the critical judgements and key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year:

Impairment of trade & other debtors: The Company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment, management considers factors including the ageing profile of debtors and historical experience.

Useful economic lives of tangible fixed assets: The annual depreciation charge depends on the estimated useful lives of assets. The directors review these estimates regularly based on the current condition of the assets and expected future use.

Turnover

Turnover represents amounts receivable for services provided during the year. Revenue is recognised as the service is performed, based on the stage of completion or when the service has been completed, depending on the nature of the engagement.

All turnover is derived from customers based in the United Kingdom.

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 five years.

Patents and licences

Franchise licence, being the amount paid in connection with obtaining the X-Press Legal Services franchise, classified as an asset on the balance sheet and amortised over the term of the agreement with the franchisor of 5 years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33.33% on reducing balance

Financial instruments

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments'.

Financial instruments are recognised in the Company's balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets: Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities: Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

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.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the Company's financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1st August 2025

and 31st July 2026

13,500

AMORTISATION

At 1st August 2025

and 31st July 2026

13,500

NET BOOK VALUE

At 31st July 2026

-

At 31st July 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1st August 2025

1,699

10,379

12,078

Additions

1,580

360

1,940

Disposals

(1,282

)

(2,471

)

(3,753

)

At 31st July 2026

1,997

8,268

10,265

DEPRECIATION

At 1st August 2025

1,470

10,159

11,629

Charge for year

113

178

291

Eliminated on disposal

(1,188

)

(2,471

)

(3,659

)

At 31st July 2026

395

7,866

8,261

NET BOOK VALUE

At 31st July 2026

1,602

402

2,004

At 31st July 2025

229

220

449

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

Trade debtors

41,098

62,822

Amounts owed by group undertakings

530,078

402,578

Other debtors

-

16,097

Prepayments

882

827

572,058

482,324

7.	CASH AT BANK

Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk of changes in value.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.26

31.7.25

£

Trade creditors

52,637

85,779

Tax

26,685

41,351

Social security and other taxes

2,387

1,869

VAT

16,614

20,127

Other creditors

26,287

825

Directors' current accounts

2,876

2,564

Accrued expenses

1,659

1,575

129,145

154,090

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.7.26

31.7.25

£

Within one year

7,292

-

Between one and five years

13,976

-

21,268

-

10.	SECURED DEBTS

The Company had no secured liabilities at the balance sheet date.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.26

31.7.25

value:

£

100

Ordinary

£1

100

12.

RESERVES

Retained

earnings

£

At 1st August 2025

645,743

Profit for the year

77,355

Dividends

(51,764

)

At 31st July 2026

671,334

13.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

14.	RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:

Directors' loan account:

At the year end, the company owed £2,876 (2025: £2,564) to the directors. The balance is unsecured, interest-free and repayable on demand.

Transactions with related companies:

At the year end, £425,500 (2025: £367,500) were owed from Mannion Holdings Ltd and £105,078 (2025: £35,078) were owed from Mannion Property Management Ltd.

These balances are unsecured, interest-free and repayable on demand.

15.	POST BALANCE SHEET EVENTS

There have been no material events after the balance sheet date requiring disclosure in these financial statements.

16.	ULTIMATE CONTROLLING PARTY

The Company's immediate parent undertaking is Mannion Holdings Ltd, a company incorporated in England and Wales.

Mrs Linda Rosemary Mannion and Mr Thomas Mannion are the ultimate controlling parties of the company by virtue of their control of the company’s corporate shareholder. No individual ultimate controlling party has overall control of the company.