IRIS Accounts Production v24.1.0.578 02475603 Board of Directors Board of Directors Board of Directors Board of Directors 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024756032022-09-30024756032023-09-30024756032022-10-012023-09-30024756032021-09-30024756032021-10-012022-09-30024756032022-09-3002475603ns15:EnglandWales2022-10-012023-09-3002475603ns14:PoundSterling2022-10-012023-09-3002475603ns10:Director12022-10-012023-09-3002475603ns10:Director22022-10-012023-09-3002475603ns10:Director32022-10-012023-09-3002475603ns10:Director42022-10-012023-09-3002475603ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3002475603ns10:SmallEntities2022-10-012023-09-3002475603ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3002475603ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3002475603ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3002475603ns10:FullAccounts2022-10-012023-09-3002475603ns10:CompanySecretary12022-10-012023-09-3002475603ns10:RegisteredOffice2022-10-012023-09-3002475603ns5:CurrentFinancialInstruments2023-09-3002475603ns5:CurrentFinancialInstruments2022-09-3002475603ns5:Non-currentFinancialInstruments2023-09-3002475603ns5:Non-currentFinancialInstruments2022-09-3002475603ns5:ShareCapital2023-09-3002475603ns5:ShareCapital2022-09-3002475603ns5:SharePremium2023-09-3002475603ns5:SharePremium2022-09-3002475603ns5:RetainedEarningsAccumulatedLosses2023-09-3002475603ns5:RetainedEarningsAccumulatedLosses2022-09-3002475603ns5:PlantMachinery2022-10-012023-09-3002475603ns5:FurnitureFittings2022-10-012023-09-3002475603ns5:MotorVehicles2022-10-012023-09-3002475603ns5:PlantMachinery2022-09-3002475603ns5:PlantMachinery2023-09-3002475603ns5:PlantMachinery2022-09-3002475603ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3002475603ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3002475603ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3002475603ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3002475603ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3002475603ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-09-3002475603ns5:HirePurchaseContracts2023-09-3002475603ns5:HirePurchaseContracts2022-09-3002475603ns5:WithinOneYear2023-09-3002475603ns5:WithinOneYear2022-09-3002475603ns5:BetweenOneFiveYears2023-09-3002475603ns5:BetweenOneFiveYears2022-09-3002475603ns5:AllPeriods2023-09-3002475603ns5:AllPeriods2022-09-3002475603ns5:Secured2023-09-3002475603ns5:Secured2022-09-30
REGISTERED NUMBER: 02475603 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

TRANSCORE LIMITED

TRANSCORE LIMITED (REGISTERED NUMBER: 02475603)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRANSCORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: P S Ruane
W Morley
P J Peake
S J Handley





SECRETARY: W Morley





REGISTERED OFFICE: Unit 4A
Seph Way
York Road Industrial Park
MALTON
North Yorkshire
YO17 6YF





REGISTERED NUMBER: 02475603 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

TRANSCORE LIMITED (REGISTERED NUMBER: 02475603)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 250,618 168,840

CURRENT ASSETS
Stocks 451,273 467,905
Debtors 5 842,425 711,716
Cash at bank and in hand 321,665 421,429
1,615,363 1,601,050
CREDITORS
Amounts falling due within one year 6 1,080,265 944,037
NET CURRENT ASSETS 535,098 657,013
TOTAL ASSETS LESS CURRENT
LIABILITIES

785,716

825,853

CREDITORS
Amounts falling due after more than one
year

7

(94,961

)

(163,082

)

PROVISIONS FOR LIABILITIES (62,654 ) (42,210 )
NET ASSETS 628,101 620,561

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 23,000 23,000
Retained earnings 595,101 587,561
SHAREHOLDERS' FUNDS 628,101 620,561

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

TRANSCORE LIMITED (REGISTERED NUMBER: 02475603)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:




P S Ruane - Director W Morley - Director




P J Peake - Director S J Handley - Director


TRANSCORE LIMITED (REGISTERED NUMBER: 02475603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Transcore 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.

Turnover
Turnover represents net building and civil engineering work done, excluding value added taxes, together with sale of residential property on a legal completion basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures, fittings and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress is valued at the lower of cost and net realisable value and represents short term contracts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TRANSCORE LIMITED (REGISTERED NUMBER: 02475603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

The company has implemented automatic enrolment into a workplace pension scheme in relation to all employees.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 27 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 702,487
Additions 150,995
Disposals (61,028 )
At 30 September 2023 792,454
DEPRECIATION
At 1 October 2022 533,647
Charge for year 43,675
Eliminated on disposal (35,486 )
At 30 September 2023 541,836
NET BOOK VALUE
At 30 September 2023 250,618
At 30 September 2022 168,840

The net book value of tangible fixed assets includes £ 122,180 (2022 - £ 70,137 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 800,655 683,830
Other debtors 41,770 27,886
842,425 711,716

TRANSCORE LIMITED (REGISTERED NUMBER: 02475603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 218,462 88,889
Hire purchase contracts (see note 8) 52,203 38,097
Trade creditors 366,084 274,921
Taxation and social security 73,396 147,841
Other creditors 370,120 394,289
1,080,265 944,037

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 59,259 148,148
Hire purchase contracts (see note 8) 35,702 14,934
94,961 163,082

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.9.23 30.9.22
£    £   
Net obligations repayable:
Within one year 52,203 38,097
Between one and five years 35,702 14,934
87,905 53,031

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year 59,166 15,203
Between one and five years 41,712 40,156
100,878 55,359

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank overdraft 129,573 -
Hire purchase contracts 87,905 53,031
217,478 53,031