Company Registration No. 10657696 (England and Wales)
Express Remit Ltd
Unaudited accounts
for the year ended 30 June 2021
Express Remit Ltd
Unaudited accounts
Contents
Express Remit Ltd
Company Information
for the year ended 30 June 2021
Company Number
10657696 (England and Wales)
Registered Office
297 Green Street
London
E13 9AR
Express Remit Ltd
Statement of financial position
as at 30 June 2021
Tangible assets
7,642
7,843
Cash at bank and in hand
74,629
63,298
Creditors: amounts falling due within one year
(56,545)
(40,714)
Net current assets
34,405
30,806
Called up share capital
20,004
20,004
Profit and loss account
22,043
18,645
Shareholders' funds
42,047
38,649
For the year ending 30 June 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2022 and were signed on its behalf by
A Awan
Director
Company Registration No. 10657696
Express Remit Ltd
Notes to the Accounts
for the year ended 30 June 2021
Express Remit Ltd is a private company, limited by shares, registered in England and Wales, registration number 10657696. The registered office is 297 Green Street, London, E13 9AR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to job retention scheme are credited to profit and loss account when the expenditure is charged to profit and loss.
Express Remit Ltd
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2020
12,940
3,712
16,652
At 30 June 2021
17,940
3,712
21,652
At 1 July 2020
6,335
2,474
8,809
Charge for the year
3,964
1,237
5,201
At 30 June 2021
10,299
3,711
14,010
At 30 June 2021
7,641
1
7,642
At 30 June 2020
6,605
1,238
7,843
5
Debtors: amounts falling due within one year
2021
2020
Deferred tax asset
236
568
Other debtors
16,085
7,654
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
2,451
4,541
Other creditors
54,094
36,173
7
Average number of employees
During the year the average number of employees was 7 (2020: 5).
