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REGISTERED NUMBER: 06978448 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Transmode Logistics Ltd.

Transmode Logistics Ltd. (Registered number: 06978448)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Transmode Logistics Ltd.

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr M R Fielding
Mr H Ahmed
Mrs C Ahmed





REGISTERED OFFICE: Unit 3 Suite 11a Ferry Lane
Orwell House,
Felixstowe
Suffolk
IP11 3QU





REGISTERED NUMBER: 06978448 (England and Wales)





ACCOUNTANTS: Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Suffolk
IP7 6RD

Transmode Logistics Ltd. (Registered number: 06978448)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 305,153 186,930

CURRENT ASSETS
Debtors 5 1,410,451 1,492,105
Cash at bank and in hand 831,554 958,919
2,242,005 2,451,024
CREDITORS
Amounts falling due within one year 6 599,976 988,741
NET CURRENT ASSETS 1,642,029 1,462,283
TOTAL ASSETS LESS CURRENT LIABILITIES 1,947,182 1,649,213

CREDITORS
Amounts falling due after more than one year 7 - (16,392 )

PROVISIONS FOR LIABILITIES 9 (76,288 ) (46,732 )
NET ASSETS 1,870,894 1,586,089

CAPITAL AND RESERVES
Called up share capital 5,006 5,002
Retained earnings 1,865,888 1,581,087
1,870,894 1,586,089

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2023 and were signed on its behalf by:



Mr H Ahmed - Director


Transmode Logistics Ltd. (Registered number: 06978448)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Transmode Logistics Ltd. 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 the fair value of services provided during the period on client assignments. Turnover is recognised as contract activity progresses and the right to consideration is earned. Turnover excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 14 ) .

Transmode Logistics Ltd. (Registered number: 06978448)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 420,558 14,402 500 14,599 450,059
Additions 104,877 - 97,985 3,456 206,318
Disposals - - (500 ) (5,023 ) (5,523 )
At 30 September 2023 525,435 14,402 97,985 13,032 650,854
DEPRECIATION
At 1 October 2022 247,545 4,341 386 10,857 263,129
Charge for year 67,288 2,516 16,338 1,455 87,597
Eliminated on disposal - - (393 ) (4,632 ) (5,025 )
At 30 September 2023 314,833 6,857 16,331 7,680 345,701
NET BOOK VALUE
At 30 September 2023 210,602 7,545 81,654 5,352 305,153
At 30 September 2022 173,013 10,061 114 3,742 186,930

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 922,481 1,305,155
Amounts owed by participating interests 40,002 1,350
Other debtors 447,968 185,600
1,410,451 1,492,105

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 16,554
Hire purchase contracts (see note 8) 15,547 25,752
Trade creditors 455,693 564,742
Taxation and social security 101,827 343,649
Other creditors 26,909 38,044
599,976 988,741

Hire purchase contracts are secured against the asset to which they relate.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 845
Hire purchase contracts (see note 8) - 15,547
- 16,392

Hire purchase contracts are secured against the asset to which they relate.

Transmode Logistics Ltd. (Registered number: 06978448)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

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 15,547 25,752
Between one and five years - 15,547
15,547 41,299

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year 18,325 -
Between one and five years 2,055 -
20,380 -

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax
Accelerated capital allowances 76,288 46,732

Deferred
tax
£   
Balance at 1 October 2022 46,732
Provided during year 29,556
Balance at 30 September 2023 76,288

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
Mr M R Fielding
Balance outstanding at start of year (682 ) (682 )
Amounts advanced 220,142 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 219,460 (682 )

Transmode Logistics Ltd. (Registered number: 06978448)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr H Ahmed
Balance outstanding at start of year (6,037 ) -
Amounts advanced 78,158 2,683
Amounts repaid - (8,720 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 72,121 (6,037 )

Mrs C Ahmed
Balance outstanding at start of year (2,269 ) -
Amounts advanced 57,890 -
Amounts repaid - (2,269 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,621 (2,269 )

No S455 tax has been provided for in relation to all balances as they were all repaid within nine months of the financial year end.