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 2022

Period of accounts

Start date: 01 March 2021

End date: 28 February 2022

RETAIL EXPRESS (HOLDINGS) LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2022

Balance sheet
Notes

RETAIL EXPRESS (HOLDINGS) LIMITED

Balance sheet

As at 28 February 2022


Notes
2022
2021


£
£
Fixed assets
Intangible assets: 3 300,000 400,000
Tangible assets: 4 154,877 59,681
Investments: 5 260,000 260,000
Total fixed assets: 714,877 719,681
Current assets
Stocks: 0 0
Debtors:   343,571 306,499
Cash at bank and in hand: 374,495 551,591
Investments:   149,758 150,177
Total current assets: 867,824 1,008,267
Creditors: amounts falling due within one year:   (187,169) (226,174)
Net current assets (liabilities): 680,655 782,093
Total assets less current liabilities: 1,395,532 1,501,774
Creditors: amounts falling due after more than one year:   (267,000) (427,000)
Total net assets (liabilities): 1,128,532 1,074,774
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: 1,127,572 1,073,814
Shareholders funds: 1,128,532 1,074,774

The notes form part of these financial statements

RETAIL EXPRESS (HOLDINGS) LIMITED

Balance sheet statements

For the year ending 28 February 2022 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 31 December 2022
and signed on behalf of the board by:

Name: BARRY E 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 2022

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 2022

2. Employees

2022 2021
Average number of employees during the period 31 24

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

3. Intangible Assets

Total
Cost £
At 01 March 2021 500,000
Additions 0
Disposals 0
Revaluations 0
At 28 February 2022 500,000
Amortisation
At 01 March 2021 100,000
Charge for year 100,000
On disposals 0
Other adjustments 0
At 28 February 2022 200,000
Net book value
At 28 February 2022 300,000
At 28 February 2021 400,000

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

4. Tangible Assets

Total
Cost £
At 01 March 2021 103,210
Additions 144,796
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2022 248,006
Depreciation
At 01 March 2021 43,529
Charge for year 49,600
On disposals 0
Other adjustments 0
At 28 February 2022 93,129
Net book value
At 28 February 2022 154,877
At 28 February 2021 59,681

RETAIL EXPRESS (HOLDINGS) LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2022

5. Fixed investments

Purchase 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.