IRIS Accounts Production v24.1.9.2 07865544 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078655442022-12-31078655442023-12-31078655442023-01-012023-12-31078655442021-12-31078655442022-01-012022-12-31078655442022-12-3107865544ns15:EnglandWales2023-01-012023-12-3107865544ns14:PoundSterling2023-01-012023-12-3107865544ns10:Director12023-01-012023-12-3107865544ns10:Director22023-01-012023-12-3107865544ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107865544ns10:SmallEntities2023-01-012023-12-3107865544ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107865544ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107865544ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107865544ns10:FullAccounts2023-01-012023-12-3107865544ns10:OrdinaryShareClass12023-01-012023-12-3107865544ns10:Director32023-01-012023-12-3107865544ns10:Director42023-01-012023-12-3107865544ns10:CompanySecretary12023-01-012023-12-3107865544ns10:RegisteredOffice2023-01-012023-12-3107865544ns5:CurrentFinancialInstruments2023-12-3107865544ns5:CurrentFinancialInstruments2022-12-3107865544ns5:ShareCapital2023-12-3107865544ns5:ShareCapital2022-12-3107865544ns5:RetainedEarningsAccumulatedLosses2023-12-3107865544ns5:RetainedEarningsAccumulatedLosses2022-12-3107865544ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107865544ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107865544ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07865544 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Transport Equipment Innovations Limited

Transport Equipment Innovations Limited (Registered number: 07865544)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Transport Equipment Innovations Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: S A Jacks
C M Jacks
A M Knight
P J Halstead





SECRETARY: Mrs C A Mckinlay





REGISTERED OFFICE: Wingard House
Marlborough Street
Burnley
Lancashire
BB11 2HW





REGISTERED NUMBER: 07865544 (England and Wales)

Transport Equipment Innovations Limited (Registered number: 07865544)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 3,414 4,143
Cash at bank 5,513 4,584
8,927 8,727
CREDITORS
Amounts falling due within one year 5 4,832 6,244
NET CURRENT ASSETS 4,095 2,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,095

2,483

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 3,095 1,483
SHAREHOLDERS' FUNDS 4,095 2,483

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 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 21st June 2024 and were signed on its behalf by:




S A Jacks - Director



C M Jacks - Director


Transport Equipment Innovations Limited (Registered number: 07865544)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Transport Equipment Innovations 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 2,414 3,143
Other debtors 1,000 1,000
3,414 4,143

Transport Equipment Innovations Limited (Registered number: 07865544)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 2,086
Taxation and social security 3,732 3,108
Other creditors 1,100 1,050
4,832 6,244

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the Directors, Mr S A Jacks and Mr C M Jacks.