Company Registration No. 08074509 (England and Wales)
TheTransporterUK Ltd
Unaudited accounts
for the year ended 31 May 2023
TheTransporterUK Ltd
Unaudited accounts
Contents
TheTransporterUK Ltd
Company Information
for the year ended 31 May 2023
Directors
Mrs Farzana Hanif
Mr Muhammed Arshad Qayum
Company Number
08074509 (England and Wales)
Registered Office
26 Central Park
Halifax
HX1 2BT
Accountants
Pinnacle Chartered Accountants & Tax Advisors
The Elsie Whiteley Innovation Centre
Hopwood Lane
Halifax
HX1 5ER
TheTransporterUK Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
17,417
28,123
Creditors: amounts falling due within one year
(9,773)
(15,737)
Net current assets
41,594
40,836
Total assets less current liabilities
42,070
41,334
Provisions for liabilities
Called up share capital
20
20
Profit and loss account
41,960
41,219
Shareholders' funds
41,980
41,239
For the year ending 31 May 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by
Mr Muhammed Arshad Qayum
Director
Company Registration No. 08074509
TheTransporterUK Ltd
Notes to the Accounts
for the year ended 31 May 2023
TheTransporterUK Ltd is a private company, limited by shares, registered in England and Wales, registration number 08074509. The registered office is 26 Central Park, Halifax, HX1 2BT.
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.
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.
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:
Plant & machinery
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
TheTransporterUK Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Total
5
Deferred taxation
2023
2022
Accelerated capital allowances
90
95
Provision at start of year
95
191
Credited to the profit and loss account
(5)
(96)
Provision at end of year
90
95
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
10 B ordinary shares of £1 each
10
10
7
Average number of employees
During the year the average number of employees was 5 (2022: 5).