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REGISTERED NUMBER: 02518904 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Transpakship International Limited

Transpakship International Limited (Registered number: 02518904)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Transpakship International Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Ms E L Oldershaw
S H Oldershaw





REGISTERED OFFICE: Export Drive
Fulwood Industrial Estate
Sutton In Ashfield
Nottinghamshire
NG17 6AF





REGISTERED NUMBER: 02518904 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Transpakship International Limited (Registered number: 02518904)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,153 27,890
20,153 27,890

CURRENT ASSETS
Stocks 2,629 2,330
Debtors 6 253,761 271,325
Cash at bank and in hand 352,216 297,375
608,606 571,030
CREDITORS
Amounts falling due within one year 7 (155,394 ) (151,625 )
NET CURRENT ASSETS 453,212 419,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,365

447,295

PROVISIONS FOR LIABILITIES (516 ) (1,863 )
NET ASSETS 472,849 445,432

CAPITAL AND RESERVES
Called up share capital 9 1,752 1,752
Share premium 37,485 37,485
Retained earnings 433,612 406,195
SHAREHOLDERS' FUNDS 472,849 445,432

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

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

Transpakship International Limited (Registered number: 02518904)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:




Ms E L Oldershaw - Director



S H Oldershaw - Director


Transpakship International Limited (Registered number: 02518904)

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

1. STATUTORY INFORMATION

Transpakship International 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised evenly over its estimated useful life of twenty years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Transpakship International Limited (Registered number: 02518904)

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

2. ACCOUNTING POLICIES - continued

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.

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 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 12,000
AMORTISATION
At 1 January 2023
and 31 December 2023 12,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Transpakship International Limited (Registered number: 02518904)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 313,195
Additions 118
At 31 December 2023 313,313
DEPRECIATION
At 1 January 2023 285,305
Charge for year 7,855
At 31 December 2023 293,160
NET BOOK VALUE
At 31 December 2023 20,153
At 31 December 2022 27,890

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 47,544 52,188
Amounts owed by group undertakings 190,439 191,139
Other debtors 15,778 27,998
253,761 271,325

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 90,934 94,180
Taxation and social security 14,421 14,290
Other creditors 50,039 43,155
155,394 151,625

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 7,170 9,607
Between one and five years 598 7,768
7,768 17,375

Transpakship International Limited (Registered number: 02518904)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,752 Ordinary £1 1,752 1,752

10. CONTINGENT LIABILITIES

The company has given a guarantee to National Westminster Bank Plc in respect of the borrowings of a group undertaking, TPS Group Holdings (S-in-A) Limited, limited to £200,000 (2022 - £200,000).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Ms E L Oldershaw
Balance outstanding at start of year 11,027 16,245
Amounts repaid (5,822 ) (5,218 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,205 11,027

Interest charged by the company during the year, at between 2.00% and 2.25% per annum, amounted to £178 (2022 - £287).

12. ULTIMATE PARENT COMPANY

Oldershaw Holdings Limited is regarded by the directors as being the company's ultimate parent company.