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Company No: SC545314 (Scotland)

TRAINSPIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 MAY 2022 TO 30 SEPTEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

TRAINSPIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MAY 2022 TO 30 SEPTEMBER 2023

Contents

TRAINSPIRE LIMITED

BALANCE SHEET

AS AT 30 SEPTEMBER 2023
TRAINSPIRE LIMITED

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2023
30.09.2023 30.04.2022
£ £
Current assets
Debtors 3 0 1,608
Cash at bank and in hand 9,262 5,984
9,262 7,592
Creditors: amounts falling due within one year 4 ( 1,933) ( 1,355)
Net current assets 7,329 6,237
Total assets less current liabilities 7,329 6,237
Net assets 7,329 6,237
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 7,328 6,236
Total shareholders' funds 7,329 6,237

For the financial period ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Trainspire Limited (registered number: SC545314) were approved and authorised for issue by the Director on 27 November 2023. They were signed on its behalf by:

F G Marriott
Director
TRAINSPIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MAY 2022 TO 30 SEPTEMBER 2023
TRAINSPIRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MAY 2022 TO 30 SEPTEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trainspire Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Rosemount House, Annick Road, Irvine, KA11 4LF, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors intend to strike off the company within 12 months of the balance sheet signing date. Therefore, these financial statements have been prepared on a basis other than that of a going concern.

Reporting period length

These financial statements cover a 17 month period to 30 September 2023. The previous financial statements cover a 12 month period to 30 April 2022. Therefore the two periods are not entirely comparable.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

2. Employees

Period from
01.05.2022 to
30.09.2023
Year ended
30.04.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 1 1

3. Debtors

30.09.2023 30.04.2022
£ £
Trade debtors 0 1,440
Corporation tax 0 168
0 1,608

4. Creditors: amounts falling due within one year

30.09.2023 30.04.2022
£ £
Taxation and social security 266 105
Other creditors 1,667 1,250
1,933 1,355

5. Called-up share capital

30.09.2023 30.04.2022
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 0.50 each (30.04.2022: 1 share of £ 1.00 ) 1 1