TRANSITO GROUP LTD

Company Registration Number:
12435895 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

TRANSITO GROUP LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

TRANSITO GROUP LTD

Company Information

for the Period Ended 31 January 2023




Director: SERBAN, Valentin
PUIU, Janin Vasilica
Registered office: Flat 23
Rogers Lane
Bolds Court
Slough
England
SL2 4LR
Company Registration Number: 12435895 (England and Wales)

TRANSITO GROUP LTD

Directors' Report Period Ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal Activities

Sale of used cars and light motor vehicles

Directors

The directors shown below have held office during the whole of the period from 01 February 2022 to 31 January 2023
SERBAN, Valentin
PUIU, Janin Vasilica

This report was approved by the board of directors on 27 October 2023
And Signed On Behalf Of The Board By:

Name: SERBAN, Valentin
Status: Director

Name: PUIU, Janin Vasilica
Status: Director

TRANSITO GROUP LTD

Profit and Loss Account

for the Period Ended 31 January 2023


Notes

2023
£

2022
£
Turnover 95,072 44,710
Cost of sales ( 50,735 ) ( 28,074 )
Gross Profit or (Loss) 44,337 35,122
Income from coronavirus (COVID-19) business support grants - 18,486
Administrative Expenses ( 44,074 ) ( 34,098 )
Operating Profit or (Loss) 263 1,024
Profit or (Loss) Before Tax 263 1,024
Profit or (Loss) for Period 263 1,024

The notes form part of these financial statements

TRANSITO GROUP LTD

Balance sheet

As at 31 January 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 100 100
Total fixed assets: 100 100
Current assets
Stocks: 11,492 18,333
Cash at bank and in hand: 3,417
Total current assets: 14,909 18,333
Net current assets (liabilities): 14,909 18,333
Total assets less current liabilities: 15,009 18,433
Creditors: amounts falling due after more than one year: 5 ( 14,646 ) ( 36,483 )
Total net assets (liabilities): 363 ( 18,050 )

The notes form part of these financial statements

TRANSITO GROUP LTD

Balance sheet continued

As at 31 January 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 6 263 ( 18,150 )
Shareholders funds: 363 ( 18,050 )

For the year ending 31 January 2023 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.

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

This report was approved by the board of directors on 27 October 2023
And Signed On Behalf Of The Board By:

Name: SERBAN, Valentin
Status: Director

Name: PUIU, Janin Vasilica
Status: Director

The notes form part of these financial statements

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life.

    Intangible fixed assets amortisation policy

    Intangible Assets are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights). Intangible assets meeting the relevant recognition criteria are initially measured at cost, subsequently measured at cost or using the revaluation model, and amortised on a systematic basis over their useful lives

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 3 4

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 3. Off balance sheet disclosure

    No

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Intangible assets

Goodwill Total
Cost £ £
At 01 February 2022 100 100
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2023 100 100
Amortisation
Amortisation at 01 February 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 January 2023 - -
Net book value
Net book value at 31 January 2023 100 100
Net book value at 31 January 2022 100 100

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 14,646 15,784
Other creditors 20,699
Total 14,646 36,483

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Revaluation reserve


2023
£
Balance at 01 February 2022 ( 18,150 )
Surplus or deficit after revaluation 18,413
Balance at 31 January 2023 263