Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312022-08-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10274277 2022-08-01 2023-07-31 10274277 2021-08-01 2022-07-31 10274277 2023-07-31 10274277 2022-07-31 10274277 c:Director1 2022-08-01 2023-07-31 10274277 d:PlantMachinery 2022-08-01 2023-07-31 10274277 d:PlantMachinery 2023-07-31 10274277 d:PlantMachinery 2022-07-31 10274277 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 10274277 d:CurrentFinancialInstruments 2023-07-31 10274277 d:CurrentFinancialInstruments 2022-07-31 10274277 d:Non-currentFinancialInstruments 2023-07-31 10274277 d:Non-currentFinancialInstruments 2022-07-31 10274277 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10274277 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 10274277 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 10274277 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 10274277 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-07-31 10274277 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-07-31 10274277 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 10274277 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-07-31 10274277 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-07-31 10274277 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-07-31 10274277 d:ShareCapital 2023-07-31 10274277 d:ShareCapital 2022-07-31 10274277 d:RetainedEarningsAccumulatedLosses 2023-07-31 10274277 d:RetainedEarningsAccumulatedLosses 2022-07-31 10274277 c:OrdinaryShareClass1 2022-08-01 2023-07-31 10274277 c:OrdinaryShareClass1 2023-07-31 10274277 c:OrdinaryShareClass1 2022-07-31 10274277 c:FRS102 2022-08-01 2023-07-31 10274277 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 10274277 c:FullAccounts 2022-08-01 2023-07-31 10274277 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 10274277 2 2022-08-01 2023-07-31 10274277 d:AcceleratedTaxDepreciationDeferredTax 2023-07-31 10274277 d:AcceleratedTaxDepreciationDeferredTax 2022-07-31 10274277 e:PoundSterling 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10274277









TRANSPORT-TEX LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
TRANSPORT-TEX LIMITED
REGISTERED NUMBER: 10274277

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,954
25,537

  
15,954
25,537

Current assets
  

Debtors: amounts falling due within one year
 5 
55,087
34,878

Cash at bank and in hand
  
2,447
221

  
57,534
35,099

Creditors: amounts falling due within one year
 6 
(39,788)
(27,180)

Net current assets
  
 
 
17,746
 
 
7,919

Total assets less current liabilities
  
33,700
33,456

Creditors: amounts falling due after more than one year
 7 
(19,851)
(22,979)

Provisions for liabilities
  

Deferred tax
 9 
(3,031)
(2,043)

  
 
 
(3,031)
 
 
(2,043)

Net assets
  
10,818
8,434


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
10,718
8,334

  
10,818
8,434


Page 1

 
TRANSPORT-TEX LIMITED
REGISTERED NUMBER: 10274277
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 October 2024.




Ashok Chopra
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
TRANSPORT-TEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 10274277.  The Company's registered office is Sterling House, 71 Francis Road, Edgbaston, Birmingham, England, B16 8SP.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Cash flow
Under Financial Reporting Standard 102, the company is exempt from the requirement to prepare a cash flow statement on the grounds that it qualifies as a small company.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
TRANSPORT-TEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
TRANSPORT-TEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 5

 
TRANSPORT-TEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
TRANSPORT-TEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 August 2022
63,898



At 31 July 2023

63,898



Depreciation


At 1 August 2022
38,360


Charge for the year on owned assets
9,584



At 31 July 2023

47,944



Net book value



At 31 July 2023
15,954


5.


Debtors

2023
2022
£
£


Trade debtors
5,604
1,947

Other debtors
49,483
32,931

55,087
34,878



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
3,773
3,772

Trade creditors
19
14

Other taxation and social security
35,996
23,394

39,788
27,180


Page 7

 
TRANSPORT-TEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
19,851
22,979

19,851
22,979



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
3,772
3,772


3,772
3,772

Amounts falling due 1-2 years

Bank loans
3,772
3,772


3,772
3,772

Amounts falling due 2-5 years

Bank loans
11,317
11,317


11,317
11,317

Amounts falling due after more than 5 years

Bank loans
4,761
7,889

4,761
7,889

23,622
26,750


Page 8

 
TRANSPORT-TEX LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Deferred taxation




2023


£






At beginning of year
(2,044)


Charged to profit or loss
(988)



At end of year
(3,032)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(3,031)
(2,043)

(3,031)
(2,043)


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



11.


Transactions with directors

As at the balance sheet date £49,483 (2022: £32,931) was due from the director. Interest has been charged on the loan balance which is repayable on demand. 

 
Page 9