171 false false false false false false false false false false true false false false false false false No description of principal activity 2022-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 03467582 2022-05-01 2023-04-30 03467582 2023-04-30 03467582 2022-04-30 03467582 2021-05-01 2022-04-30 03467582 2022-04-30 03467582 2021-04-30 03467582 core:MotorVehicles 2022-05-01 2023-04-30 03467582 bus:Director1 2022-05-01 2023-04-30 03467582 bus:Director4 2022-05-01 2023-04-30 03467582 core:MotorVehicles 2022-04-30 03467582 core:WithinOneYear 2023-04-30 03467582 core:WithinOneYear 2022-04-30 03467582 core:ShareCapital 2023-04-30 03467582 core:ShareCapital 2022-04-30 03467582 core:CapitalRedemptionReserve 2023-04-30 03467582 core:CapitalRedemptionReserve 2022-04-30 03467582 core:RetainedEarningsAccumulatedLosses 2023-04-30 03467582 core:RetainedEarningsAccumulatedLosses 2022-04-30 03467582 core:BetweenOneFiveYears 2023-04-30 03467582 core:BetweenOneFiveYears 2022-04-30 03467582 core:MoreThanFiveYears 2022-04-30 03467582 core:CostValuation core:Non-currentFinancialInstruments 2022-04-30 03467582 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInInvestments 2023-04-30 03467582 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 03467582 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2022-04-30 03467582 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2023-04-30 03467582 core:Non-currentFinancialInstruments 2023-04-30 03467582 core:Non-currentFinancialInstruments 2022-04-30 03467582 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-04-30 03467582 bus:SmallEntities 2022-05-01 2023-04-30 03467582 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 03467582 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 03467582 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03467582 bus:FullAccounts 2022-05-01 2023-04-30 03467582 core:OfficeEquipment 2022-05-01 2023-04-30 03467582 core:OfficeEquipment 2022-04-30 03467582 core:OfficeEquipment 2023-04-30 03467582 core:KeyManagementPersonnel 2022-05-01 2023-04-30 03467582 core:AllAssociates 2022-05-01 2023-04-30
COMPANY REGISTRATION NUMBER: 03467582
Transport Investigations Limited
Filleted Unaudited Financial Statements
30 April 2023
Transport Investigations Limited
Financial Statements
Year ended 30 April 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Transport Investigations Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
5,905
3,130
Investments
6
2
64,202
-------
--------
5,907
67,332
Current assets
Debtors
7
854,014
700,230
Cash at bank and in hand
125,163
490,522
---------
------------
979,177
1,190,752
Creditors: amounts falling due within one year
8
474,985
919,271
---------
------------
Net current assets
504,192
271,481
---------
---------
Total assets less current liabilities
510,099
338,813
Provisions
Taxation including deferred tax
( 115,809)
---------
---------
Net assets
625,908
338,813
---------
---------
Capital and reserves
Called up share capital
34,000
34,000
Capital redemption reserve
1,000
1,000
Profit and loss account
590,908
303,813
---------
---------
Shareholders funds
625,908
338,813
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Transport Investigations Limited
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 3 October 2023 , and are signed on behalf of the board by:
Mr R W Malins
Mrs L L Panteli
Director
Director
Company registration number: 03467582
Transport Investigations Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 65 The Oaks, Manston Business Park, Ramsgate, Kent, CT12 5FD, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the basis of the preparation of the accounts and are satisfied that the accounts should be prepared on a going concern basis.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor Vehicles
-
33% straight line
Equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 171 (2022: 210 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 May 2022
16,715
73,108
89,823
Additions
7,104
7,104
Disposals
( 16,715)
( 51,621)
( 68,336)
--------
--------
--------
At 30 April 2023
28,591
28,591
--------
--------
--------
Depreciation
At 1 May 2022
16,715
69,978
86,693
Charge for the year
4,329
4,329
Disposals
( 16,715)
( 51,621)
( 68,336)
--------
--------
--------
At 30 April 2023
22,686
22,686
--------
--------
--------
Carrying amount
At 30 April 2023
5,905
5,905
--------
--------
--------
At 30 April 2022
3,130
3,130
--------
--------
--------
6. Investments
Shares in group undertakings
Shares in participating interests
Loans to participating interests
Total
£
£
£
£
Cost
At 1 May 2022
2
200
198,395
198,597
Disposals
( 200)
( 57,958)
(58,158)
Other movements
( 140,437)
( 140,437)
----
----
---------
---------
At 30 April 2023
2
2
----
----
---------
---------
Provision
At 1 May 2022
134,395
134,395
Other movements
( 134,395)
( 134,395)
----
----
---------
---------
At 30 April 2023
----
----
---------
---------
Carrying amount
At 30 April 2023
2
2
----
----
---------
---------
At 30 April 2022
2
200
64,000
64,202
----
----
---------
---------
The company owns a 100% shareholding of The Bike Shed (Kent) Ltd.
7. Debtors
2023
2022
£
£
Trade debtors
313,952
291,757
Amounts owed by group undertakings and undertakings in which the company has a participating interest
217,763
347,215
Other debtors
322,299
61,258
---------
---------
854,014
700,230
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
21,515
23,992
Social security and other taxes
406,791
613,083
Other creditors
46,679
282,196
---------
---------
474,985
919,271
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
12,000
12,000
Later than 1 year and not later than 5 years
37,000
48,000
Later than 5 years
1,000
--------
--------
49,000
61,000
--------
--------
10. Related party transactions
At the year end the company owed the Directors £Nil (2022: £50,000). At the year end, the company was owed £217,763 (2022: £347,215) by a group company.