Company Registration No. 08116633 (England and Wales)
Transient Express Limited
Unaudited accounts
for the year ended 29 June 2023
Transient Express Limited
Unaudited accounts
Contents
Transient Express Limited
Company Information
for the year ended 29 June 2023
Company Number
08116633 (England and Wales)
Registered Office
MITRE HOUSE 2
BOND STREET
IPSWICH
IP4 1JE
Accountants
Pro Tax Plus Accountants
Mitre House
2 Bond Street
Ipswich
Suffolk
IP4 1JE
Transient Express Limited
Statement of financial position
as at 29 June 2023
Tangible assets
264,957
168,099
Cash at bank and in hand
245,124
147,067
Creditors: amounts falling due within one year
(332,919)
(176,950)
Net current (liabilities)/assets
(54,089)
14,721
Total assets less current liabilities
210,868
182,820
Creditors: amounts falling due after more than one year
(287,875)
(122,342)
Net (liabilities)/assets
(77,007)
60,478
Called up share capital
2
2
Profit and loss account
(77,009)
60,476
Shareholders' funds
(77,007)
60,478
For the year ending 29 June 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 March 2024 and were signed on its behalf by
Jeremy Eason
Director
Company Registration No. 08116633
Transient Express Limited
Notes to the Accounts
for the year ended 29 June 2023
Transient Express Limited is a private company, limited by shares, registered in England and Wales, registration number 08116633. The registered office is MITRE HOUSE 2, BOND STREET, IPSWICH, IP4 1JE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Straight Line Basis
Fixtures & fittings
10% Straight Line Basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 30 June 2022
738,954
5,101
744,055
Additions
146,183
-
146,183
At 29 June 2023
885,137
5,101
890,238
At 30 June 2022
571,984
3,972
575,956
Charge for the year
48,857
468
49,325
At 29 June 2023
620,841
4,440
625,281
At 29 June 2023
264,296
661
264,957
At 29 June 2022
166,970
1,129
168,099
Transient Express Limited
Notes to the Accounts
for the year ended 29 June 2023
Amounts falling due within one year
Trade debtors
33,706
44,604
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
180,222
6,335
Taxes and social security
3,600
2,514
Loans from directors
141,167
158,064
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
105,412
67,244
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).