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REGISTERED NUMBER: 02465733 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

TRANSERVICE EXPRESS TRANSPORT LIMITED

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRANSERVICE EXPRESS TRANSPORT LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P E Johnson
Mrs E M Johnson
Mr P R Richards
Mr D Johnson
Miss S Johnson
Mr T E Johnson





SECRETARY: Mrs E M Johnson





REGISTERED OFFICE: First Floor
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG





REGISTERED NUMBER: 02465733 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 529,873 462,120

CURRENT ASSETS
Stocks 1,460 1,510
Debtors 5 702,963 793,681
Cash at bank and in hand 1,479,107 1,291,850
2,183,530 2,087,041
CREDITORS
Amounts falling due within one year 6 1,116,711 953,900
NET CURRENT ASSETS 1,066,819 1,133,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,596,692

1,595,261

CREDITORS
Amounts falling due after more than
one year

7

(27,222

)

(59,544

)

PROVISIONS FOR LIABILITIES 9 (132,468 ) (115,530 )
NET ASSETS 1,437,002 1,420,187

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,436,902 1,420,087
SHAREHOLDERS' FUNDS 1,437,002 1,420,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

Balance Sheet - continued
31 MARCH 2024


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 13 August 2024 and were signed on its behalf by:





Mr P E Johnson - Director


TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Transervice Express Transport 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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvement to leasehold property - over the life of the lease
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on cost

Hire purchase and leasing commitments
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 44 (2023 - 42 ) .

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Improvement
to
leasehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 11,649 61,674 894,573 967,896
Additions - 3,004 203,538 206,542
Disposals - - (37,750 ) (37,750 )
At 31 March 2024 11,649 64,678 1,060,361 1,136,688
DEPRECIATION
At 1 April 2023 11,649 42,960 451,167 505,776
Charge for year - 4,343 126,881 131,224
Eliminated on disposal - - (30,185 ) (30,185 )
At 31 March 2024 11,649 47,303 547,863 606,815
NET BOOK VALUE
At 31 March 2024 - 17,375 512,498 529,873
At 31 March 2023 - 18,714 443,406 462,120

The net book value of assets held under finance leases or hire purchase contracts, included above, are £57,035 (2023: £76,047).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 674,561 779,534
Other debtors 28,402 14,147
702,963 793,681

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,203 9,952
Hire purchase contracts 23,486 24,049
Trade creditors 378,993 281,649
Taxation and social security 169,147 197,478
Other creditors 534,882 440,772
1,116,711 953,900

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 12,236 22,435
Hire purchase contracts 14,986 37,109
27,222 59,544

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 38,472 61,158

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

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital
allowances 132,468 115,530
132,468 115,530

Deferred
tax
£   
Balance at 1 April 2023 115,530
Charge to Income Statement during year 16,938
Balance at 31 March 2024 132,468

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
85 Ordinary £1 85 85
15 A Ordinary £1 15 15
100 100

TRANSERVICE EXPRESS TRANSPORT LIMITED (REGISTERED NUMBER: 02465733)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. There were no amounts payable at the year end.