RETAIL EXPRESS (HOLDINGS) LIMITED

RETAIL EXPRESS (HOLDINGS) LIMITED

RETAIL EXPRESS (HOLDINGS) LIMITED - Company Information

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RETAIL EXPRESS (HOLDINGS) LIMITED

Company Registration Number:
08876078 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2020

Period of accounts

Start date: 01 March 2019

End date: 28 February 2020

RETAIL EXPRESS (HOLDINGS) LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2020

Balance sheet
Notes

RETAIL EXPRESS (HOLDINGS) LIMITED

Balance sheet

As at 28 February 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 51,267 12,010
Investments: 4 260,000 260,000
Total fixed assets: 311,267 272,010
Current assets
Stocks: 0 0
Debtors:   92,805 286,419
Cash at bank and in hand: 493,910 141,233
Investments:   0 0
Total current assets: 586,715 427,652
Creditors: amounts falling due within one year:   (133,640) (70,200)
Net current assets (liabilities): 453,075 357,452
Total assets less current liabilities: 764,342 629,462
Creditors: amounts falling due after more than one year:   (160,000) (327,500)
Total net assets (liabilities): 604,342 301,962
Capital and reserves
Called up share capital: 960 960
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 603,382 301,002
Shareholders funds: 604,342 301,962

The notes form part of these financial statements

RETAIL EXPRESS (HOLDINGS) LIMITED

Balance sheet statements

For the year ending 28 February 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 May 2020
and signed on behalf of the board by:

Name: Barry Edward Grange
Status: Director

The notes form part of these financial statements

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

2. Employees

2020 2019
Average number of employees during the period 19 14

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

3. Tangible Assets

Total
Cost £
At 01 March 2019 18,558
Additions 56,345
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2020 74,903
Depreciation
At 01 March 2019 6,548
Charge for year 17,088
On disposals 0
Other adjustments 0
At 28 February 2020 23,636
Net book value
At 28 February 2020 51,267
At 28 February 2019 12,010

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2020

4. Fixed investments

Purchase of Assets from a related company Retail Express Software Ltd to provide long term income and security for all stakeholders . The assets were purchased for a combined sum of £260,000 funded by a long term loan from Grange Builders LLP a vehicle connected to the companies largest shareholder.