Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseNo description of principal activitytrue102023-04-01false10trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08832473 2023-04-01 2024-03-31 08832473 2022-04-01 2023-03-31 08832473 2024-03-31 08832473 2023-03-31 08832473 c:Director1 2023-04-01 2024-03-31 08832473 d:PlantMachinery 2023-04-01 2024-03-31 08832473 d:PlantMachinery 2024-03-31 08832473 d:PlantMachinery 2023-03-31 08832473 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08832473 d:FurnitureFittings 2023-04-01 2024-03-31 08832473 d:FurnitureFittings 2024-03-31 08832473 d:FurnitureFittings 2023-03-31 08832473 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08832473 d:OfficeEquipment 2023-04-01 2024-03-31 08832473 d:OfficeEquipment 2024-03-31 08832473 d:OfficeEquipment 2023-03-31 08832473 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08832473 d:ComputerEquipment 2023-04-01 2024-03-31 08832473 d:ComputerEquipment 2024-03-31 08832473 d:ComputerEquipment 2023-03-31 08832473 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08832473 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08832473 d:CurrentFinancialInstruments 2024-03-31 08832473 d:CurrentFinancialInstruments 2023-03-31 08832473 d:Non-currentFinancialInstruments 2024-03-31 08832473 d:Non-currentFinancialInstruments 2023-03-31 08832473 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08832473 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08832473 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08832473 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08832473 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08832473 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08832473 d:ShareCapital 2024-03-31 08832473 d:ShareCapital 2023-03-31 08832473 d:RetainedEarningsAccumulatedLosses 2024-03-31 08832473 d:RetainedEarningsAccumulatedLosses 2023-03-31 08832473 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08832473 c:OrdinaryShareClass1 2024-03-31 08832473 c:OrdinaryShareClass1 2023-03-31 08832473 c:OrdinaryShareClass2 2023-04-01 2024-03-31 08832473 c:OrdinaryShareClass2 2024-03-31 08832473 c:OrdinaryShareClass2 2023-03-31 08832473 c:OrdinaryShareClass3 2023-04-01 2024-03-31 08832473 c:OrdinaryShareClass3 2024-03-31 08832473 c:OrdinaryShareClass3 2023-03-31 08832473 c:FRS102 2023-04-01 2024-03-31 08832473 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 08832473 c:FullAccounts 2023-04-01 2024-03-31 08832473 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08832473 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08832473 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08832473 2 2023-04-01 2024-03-31 08832473 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 08832473














TRANSMISSION CHECK LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
TRANSMISSION CHECK LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
TRANSMISSION CHECK LIMITED
REGISTERED NUMBER:08832473

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
33,928
25,588

Current assets
  

Stocks
  
6,895
7,645

Debtors: amounts falling due within one year
 4 
598,962
409,592

Cash at bank and in hand
  
125,933
174,255

  
731,790
591,492

  

Creditors: amounts falling due within one year
 5 
(239,172)
(197,868)

Net current assets
  
 
 
492,618
 
 
393,624

Total assets less current liabilities
  
526,546
419,212

Creditors: amounts falling due after more than one year
 6 
(12,499)
(22,499)

Provisions for liabilities
  

Deferred tax
  
(8,482)
-

Net assets
  
505,565
396,713


Capital and reserves
  

Called up share capital 
 9 
3
3

Profit and loss account
  
505,562
396,710

  
505,565
396,713


Page 1

 
TRANSMISSION CHECK LIMITED
REGISTERED NUMBER:08832473
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The Directors consider 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 Directors acknowledge their 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 comprehensive income 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 17 October 2024.




R Gilbert
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TRANSMISSION CHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Transmission Check Limited is limited company incorporated in England and Wales, with its registered office address at Unit 9 Totman Crescent, Brook Road Industrial Estate, Rayleigh, Essex, SS6 7UY. 
The principal activity of the Company during the year was that of repair and maintenance of other transport equipment.
The financial statements are presented in £ sterling, which is the functional currency of the Company.

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.

 
2.2

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.

Car parts revenue is recognised when the goods are dispatched. Car servicing revenue is recognised when the services are provided. 

 
2.3

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%
Fixtures and fittings
-
20%
Office equipment
-
20%
Computer equipment
-
25%

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.

Page 3

 
TRANSMISSION CHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

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.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Interest income

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

 
2.8

Borrowing costs

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

 
2.9

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.

Page 4

 
TRANSMISSION CHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. 
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted. 


3.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
-
25,434
41,587
-
67,021


Additions
16,175
130
-
492
16,797



At 31 March 2024

16,175
25,564
41,587
492
83,818



Depreciation


At 1 April 2023
-
22,238
19,195
-
41,433


Charge for the year on owned assets
1,632
1,176
5,575
74
8,457



At 31 March 2024

1,632
23,414
24,770
74
49,890



Net book value



At 31 March 2024
14,543
2,150
16,817
418
33,928



At 31 March 2023
-
3,196
22,392
-
25,588


4.


Debtors

2024
2023
£
£


Trade debtors
2,972
10,080

Other debtors
576,016
375,615
Page 5

 
TRANSMISSION CHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.Debtors (continued)


Prepayments and accrued income
19,974
15,393

Deferred taxation
-
8,504

598,962
409,592



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
17,318
32,218

Amounts owed to group undertakings
32,644
53,974

Other taxation and social security
74,350
28,397

Other creditors
104,860
73,279

239,172
197,868



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,499
22,499



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
12,499
22,499

22,499
32,499


Page 6

 
TRANSMISSION CHECK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024


£






At beginning of year
8,504


Charged to profit or loss
(16,986)



At end of year
(8,482)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(8,482)
8,504


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1
1 (2023 - 1) Ordinary - A share of £1
1
1
1 (2023 - 1) Ordinary - B share of £1
1
1

3

3



10.


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. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £740 (2023 - £1,018). Contributions totaling £250 (2023 - £106) were payable to the fund at the reporting date and are included in creditors.


11.


Related party transactions

Included within other debtors is an amount of £561,815 (2023: £361,815) due from an entity under common control. The amount is interest free and payable on demand. 
Included within other creditors is an amount of £16,867 (2023: £27,867) due to an entity with controlling shares. The amount is interest free and payable on demand. 





 
Page 7