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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
Page
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Transient Express Limited Company Information for the year ended 29 June 2023
Director
Jeremy Eason
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
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Transient Express Limited Statement of financial position as at 29 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
264,957 
168,099 
Current assets
Debtors
33,706 
44,604 
Cash at bank and in hand
245,124 
147,067 
278,830 
191,671 
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 
Capital and reserves
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
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Transient Express Limited Notes to the Accounts for the year ended 29 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 
Depreciation
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 
Net book value
At 29 June 2023
264,296 
661 
264,957 
At 29 June 2022
166,970 
1,129 
168,099 
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Transient Express Limited Notes to the Accounts for the year ended 29 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
33,706 
44,604 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,930 
10,037 
Trade creditors
180,222 
6,335 
Taxes and social security
3,600 
2,514 
Loans from directors
141,167 
158,064 
332,919 
176,950 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
72,037 
55,098 
Obligations under finance leases and hire purchase contracts
105,412 
67,244 
Other creditors
110,426 
- 
287,875 
122,342 
8
Share capital
2023 
2022 
£ 
£ 
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).
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