TRANSITO GROUP LTD

Company Registration Number:
12435895 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

TRANSITO GROUP LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

TRANSITO GROUP LTD

Company Information

for the Period Ended 31 January 2024




Director: SERBAN, Valentin
PUIU, Janin Vasilica
Registered office: Flat 23
Rogers Lane
Bolds Court
Slough
England
SL2 4LR
Company Registration Number: 12435895 (England and Wales)

TRANSITO GROUP LTD

Directors' Report Period Ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal Activities

Sale of used cars and light motor vehicles Maintenance and repair of motor vehicles

Directors

The directors shown below have held office during the whole of the period from 01 February 2023 to 31 January 2024
SERBAN, Valentin

The director(s) shown below were appointed to the company during the period
PUIU, Janin Vasilica
03 April 2023

This report was approved by the board of directors on 24 October 2024
And Signed On Behalf Of The Board By:

Name: SERBAN, Valentin
Status: Director

Name: PUIU, Janin Vasilica
Status: Director

TRANSITO GROUP LTD

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 100,911 95,072
Cost of sales ( 60,256 ) ( 50,735 )
Gross Profit or (Loss) 40,655 44,337
Administrative Expenses ( 50,050 ) ( 44,074 )
Operating Profit or (Loss) ( 9,395 ) 263
Profit or (Loss) Before Tax ( 9,395 ) 263
Profit or (Loss) for Period ( 9,395 ) 263

The notes form part of these financial statements

TRANSITO GROUP LTD

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 100 100
Total fixed assets: 100 100
Current assets
Stocks: 4,468 11,492
Cash at bank and in hand: 102 3,417
Total current assets: 4,570 14,909
Creditors: amounts falling due within one year: 5 ( 199 )
Net current assets (liabilities): 4,371 14,909
Total assets less current liabilities: 4,471 15,009
Creditors: amounts falling due after more than one year: 6 ( 13,767 ) ( 14,646 )
Total net assets (liabilities): ( 9,296 ) 363

The notes form part of these financial statements

TRANSITO GROUP LTD

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 7 263
Profit and loss account: ( 9,396 )
Shareholders funds: ( 9,296 ) 363

For the year ending 31 January 2024 the company was entitled to exemption 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 October 2024
And Signed On Behalf Of The Board By:

Name: SERBAN, Valentin
Status: Director

Name: PUIU, Janin Vasilica
Status: Director

The notes form part of these financial statements

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Intangible fixed assets amortisation policy

    Intangible Assets are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights). Intangible assets meeting the relevant recognition criteria are initially measured at cost, subsequently measured at cost or using the revaluation model, and amortised on a systematic basis over their useful lives.

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 3

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Intangible assets

Goodwill Total
Cost £ £
At 01 February 2023 100 100
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2024 100 100
Amortisation
Amortisation at 01 February 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 January 2024 - -
Net book value
Net book value at 31 January 2024 100 100
Net book value at 31 January 2023 100 100

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 199
Total 199

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 13,767 14,646
Total 13,767 14,646

TRANSITO GROUP LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Revaluation reserve


2024
£
Balance at 01 February 2023 263
Surplus or deficit after revaluation ( 263 )
Balance at 31 January 2024 0