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Registered number: 08365089

Time Critical Transport Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Time Critical Transport Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
Janice Kreft
REGISTERED OFFICE
485 Topsham Road
Exeter
Devon
EX2 7AQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08365089
ACCOUNTANTS
R F Love and Company
Chartered Accountant
Holly House
21d, Chudleigh Road
Exeter
Devon
EX2 8TS

Time Critical Transport Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Time Critical Transport Ltd

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets392,06570,839
CURRENT ASSETS
Stock64,45075,000
Debtors549,10568,333
Cash at bank and in hand14,9183,009
128,473146,342
CREDITORS: Amounts falling due within one year6189,463193,623
NET CURRENT LIABILITIES(60,990)(47,281)
TOTAL ASSETS LESS CURRENT LIABILITIES31,07523,558
PROVISIONS FOR LIABILITIES AND CHARGES73,025-
NET ASSETS28,05023,558
CAPITAL AND RESERVES
Called up share capital81010
Profit and loss account28,04023,548
SHAREHOLDERS' FUNDS28,05023,558
For the year ending 31/01/2024 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/10/2024 and signed on their behalf by
.............................
Janice Kreft
Director

Time Critical Transport Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees77

Time Critical Transport Ltd

3. TANGIBLE FIXED ASSETS
Land AndCommercial
BuildingsVehiclesEquipmentMotor CarsTotal
£££££
Cost
At 01/02/2023-131,8863,244-135,130
Additions13,08740,078-6,99560,160
Disposals-(30,873)--(30,873)
At 31/01/202413,087141,0913,2446,995164,417
Depreciation
At 01/02/2023-61,9192,372-64,291
Disposals-(21,617)--(21,617)
For the year-27,5114181,74929,678
At 31/01/2024-67,8132,7901,74972,352
Net Book Amounts
At 31/01/202413,08773,2784545,24692,065
At 31/01/2023-69,967872-70,839
4. STOCK 20242023
££
Stock comprises:
Stock64,45075,000
64,45075,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors49,05658,377
Amounts due from group companies-3,351
Prepayments-6,605
49,05668,333

Time Critical Transport Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT20,65719,060
PAYE control1,8422,154
Directors current account356,380
Loans49,40651,220
HSBC Loan28,67233,492
Credit card9081,666
Hire purchase70,21257,431
Trade creditors15,72620,394
Pension schemes655626
Accruals1,3501,200
189,463193,623
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation3,025-
3,025-
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010