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REGISTERED NUMBER: 02465733 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

TRANSERVICE EXPRESS TRANSPORT LIMITED

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRANSERVICE EXPRESS TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr P E Johnson
Mrs E M Johnson
Mr D Johnson
Miss S Johnson
Mr T E Johnson
Mr P R Richards





SECRETARY: Mrs E M Johnson





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG





REGISTERED NUMBER: 02465733 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 434,505 328,779
Investments 5 - 575
434,505 329,354

CURRENT ASSETS
Stocks 1,080 600
Debtors 6 732,665 709,724
Cash at bank and in hand 920,616 996,692
1,654,361 1,707,016
CREDITORS
Amounts falling due within one year 7 (752,329 ) (881,808 )
NET CURRENT ASSETS 902,032 825,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,336,537

1,154,562

CREDITORS
Amounts falling due after more than
one year

8

(45,862

)

(42,500

)

PROVISIONS FOR LIABILITIES 10 (82,556 ) (55,012 )
NET ASSETS 1,208,119 1,057,050

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

BALANCE SHEET - continued
31 MARCH 2022

2022 2021
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,208,019 1,056,950
SHAREHOLDERS' FUNDS 1,208,119 1,057,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 17 August 2022 and were signed on its behalf by:





Mr P E Johnson - Director


TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Transervice Express Transport 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvement to leasehold property - over the life of the lease
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Hire purchase and leasing commitments
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 43 (2021 - 48 ) .

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS
Improvement
to
leasehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2021 11,649 192,919 653,961 858,529
Additions - 4,957 219,990 224,947
Disposals - (115,365 ) (65,695 ) (181,060 )
At 31 March 2022 11,649 82,511 808,256 902,416
DEPRECIATION
At 1 April 2021 11,649 154,749 363,352 529,750
Charge for year - 8,625 83,506 92,131
Eliminated on disposal - (104,115 ) (49,855 ) (153,970 )
At 31 March 2022 11,649 59,259 397,003 467,911
NET BOOK VALUE
At 31 March 2022 - 23,252 411,253 434,505
At 31 March 2021 - 38,170 290,609 328,779

The net book value of assets held under finance leases or hire purchase contracts, included above, are £30,250 (2021: £Nil).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2021 575
Impairments (575 )
At 31 March 2022 -
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 575

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 729,227 663,268
Amounts owed by group undertakings - 38,833
Other debtors 3,438 7,623
732,665 709,724

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,707 7,500
Hire purchase contracts 7,700 -
Trade creditors 265,874 282,840
Taxation and social security 131,496 211,143
Other creditors 337,552 380,325
752,329 881,808

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 32,387 42,500
Hire purchase contracts 13,475 -
45,862 42,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 years - 2,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 21,175 -

Hire purchase creditors are secured against the asset to which they relate.

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital
allowances 82,556 55,012
82,556 55,012

Deferred
tax
£   
Balance at 1 April 2021 55,012
Charge to Income Statement during year 27,544
Balance at 31 March 2022 82,556

11. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
85 Ordinary £1 85 85
15 A Ordinary £1 15 15
100 100

12. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. There were no amounts payable at the year end.