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REGISTERED NUMBER: 04759315 (England and Wales)















TRANSPORT TICKET SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2021






TRANSPORT TICKET SERVICES LIMITED (REGISTERED NUMBER: 04759315)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRANSPORT TICKET SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2021







DIRECTORS: A C O Green
F S Green



SECRETARY: A C O Green



REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU



REGISTERED NUMBER: 04759315 (England and Wales)



ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU



BANKERS: Barclays Bank PLC
South East Wales Group
Agincourt Square
Monmouth
NP5 3DY

TRANSPORT TICKET SERVICES LIMITED (REGISTERED NUMBER: 04759315)

BALANCE SHEET
31ST OCTOBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 6,000
Tangible assets 5 6,305 23,743
10,805 29,743

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 9,219 8,310
Cash at bank 7,706 12,023
17,925 21,333
CREDITORS
Amounts falling due within one year 7 32,537 34,804
NET CURRENT LIABILITIES (14,612 ) (13,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,807

)

16,272

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (3,907 ) 16,172
SHAREHOLDERS' FUNDS (3,807 ) 16,272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2021 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.

TRANSPORT TICKET SERVICES LIMITED (REGISTERED NUMBER: 04759315)

BALANCE SHEET - continued
31ST OCTOBER 2021


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th August 2022 and were signed on its behalf by:





A C O Green - Director


TRANSPORT TICKET SERVICES LIMITED (REGISTERED NUMBER: 04759315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2021

1. STATUTORY INFORMATION

Transport Ticket Services 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 2005, is being amortised evenly over its estimated useful life of twenty 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


TRANSPORT TICKET SERVICES LIMITED (REGISTERED NUMBER: 04759315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2021

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2020
and 31st October 2021 30,000
AMORTISATION
At 1st November 2020 24,000
Charge for year 1,500
At 31st October 2021 25,500
NET BOOK VALUE
At 31st October 2021 4,500
At 31st October 2020 6,000

TRANSPORT TICKET SERVICES LIMITED (REGISTERED NUMBER: 04759315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2021

5. TANGIBLE FIXED ASSETS
Workshop Motor Computer
premises vehicles equipment Totals
£    £    £    £   
COST
At 1st November 2020 6,000 35,694 4,602 46,296
Disposals - (35,694 ) - (35,694 )
At 31st October 2021 6,000 - 4,602 10,602
DEPRECIATION
At 1st November 2020 - 18,407 4,146 22,553
Charge for year - 4,321 151 4,472
Eliminated on disposal - (22,728 ) - (22,728 )
At 31st October 2021 - - 4,297 4,297
NET BOOK VALUE
At 31st October 2021 6,000 - 305 6,305
At 31st October 2020 6,000 17,287 456 23,743

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 7,387 8,310
Other debtors 650 -
VAT 1,182 -
9,219 8,310

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 2,161
Trade creditors 4,538 2,178
Credit card 708 749
Corporation Tax 650 -
Social security and other taxes 790 375
VAT - 1,007
Directors' current accounts 23,048 25,485
Accrued expenses 2,803 2,849
32,537 34,804

TRANSPORT TICKET SERVICES LIMITED (REGISTERED NUMBER: 04759315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2021

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

At year end the company owed the directors A C O Green and F S Green £23,048 (2020 - £25,485).