Expo World Logistics Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08074400 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

EXPO WORLD LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L C Barker

G Clarke

REGISTERED OFFICE:

Unit 5

Norton House

Fircroft Way

Edenbridge

Kent

TN8 6EL

REGISTERED NUMBER:

08074400 (England and Wales)

ACCOUNTANTS:

WBD Accountants Limited

Marlbridge House

Enterprise Way

Edenbridge

Kent

TN8 6HF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

41,213

36,108

41,213

36,108

CURRENT ASSETS

Debtors

6

172,047

174,021

Cash at bank

54,689

77,559

226,736

251,580

CREDITORS

Amounts falling due within one year

7

145,948

150,855

NET CURRENT ASSETS

80,788

100,725

TOTAL ASSETS LESS CURRENT LIABILITIES

122,001

136,833

CREDITORS

Amounts falling due after more than one year

8

(40,261

)

(41,281

)

PROVISIONS FOR LIABILITIES

(7,830

)

(6,860

)

NET ASSETS

73,910

88,692

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

72,910

87,692

SHAREHOLDERS' FUNDS

73,910

88,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 29 December 2023 and were signed on its behalf by:

G Clarke - Director

1.	STATUTORY INFORMATION

Expo World Logistics 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 0, is being amortised evenly over its estimated useful life of nil 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.

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.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on cost

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.

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 7 (2022 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

15,000

AMORTISATION

At 1 April 2022

and 31 March 2023

15,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

82,964

Additions

33,583

At 31 March 2023

116,547

DEPRECIATION

At 1 April 2022

46,856

Charge for year

28,478

At 31 March 2023

75,334

NET BOOK VALUE

At 31 March 2023

41,213

At 31 March 2022

36,108

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

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

14,097

DEPRECIATION

At 1 April 2022

and 31 March 2023

11,277

NET BOOK VALUE

At 31 March 2023

2,820

At 31 March 2022

2,820

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

100,791

105,433

Other debtors

71,256

68,588

172,047

174,021

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

9,954

9,707

Hire purchase contracts

10,970

5,141

Trade creditors

45,344

60,676

Taxation and social security

76,256

71,508

Other creditors

3,424

3,823

145,948

150,855

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

22,435

32,387

Hire purchase contracts

17,826

8,894

40,261

41,281

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023

2022

£

£

G Clarke

Balance outstanding at start of year

1,278

(111

)

Amounts advanced

27,956

25,034

Amounts repaid

(27,315

)

(23,645

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,919

1,278