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REGISTERED NUMBER: 02091839 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Transcontinental Exports (UK) Limited

Transcontinental Exports (UK) Limited (Registered number: 02091839)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Transcontinental Exports (UK) Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr S Merali
Mrs Z Merali





SECRETARY: Mrs Z Merali





REGISTERED OFFICE: Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ





REGISTERED NUMBER: 02091839 (England and Wales)





ACCOUNTANTS: Merali's Chartered Accountants
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Transcontinental Exports (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Transcontinental Exports (UK) Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Transcontinental Exports (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Transcontinental Exports (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Transcontinental Exports (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Transcontinental Exports (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Transcontinental Exports (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Transcontinental Exports (UK) Limited. You consider that Transcontinental Exports (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Transcontinental Exports (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Merali's Chartered Accountants
Scottish Provident House
76-80 College Road
Harrow
Middlesex
HA1 1BQ


13 January 2025

Transcontinental Exports (UK) Limited (Registered number: 02091839)

Balance Sheet
30 November 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 192 256

CURRENT ASSETS
Debtors 5 95,382 72,071
Cash at bank 168,385 166,565
263,767 238,636
CREDITORS
Amounts falling due within one year 6 (198,812 ) (188,730 )
NET CURRENT ASSETS 64,955 49,906
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,147

50,162

CREDITORS
Amounts falling due after more than one year 7 (9,167 ) (18,295 )

PROVISIONS FOR LIABILITIES (41 ) (41 )
NET ASSETS 55,939 31,826

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 55,937 31,824
SHAREHOLDERS' FUNDS 55,939 31,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




Mr S Merali - Director


Transcontinental Exports (UK) Limited (Registered number: 02091839)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Transcontinental Exports (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the profit and loss account.

Going concern
The director has satisfied that the Company has adequate facilities to meets its liabilities as they fall due for at least twelve months from the date of the approval of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Transcontinental Exports (UK) Limited (Registered number: 02091839)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2023
and 30 November 2024 32,582
DEPRECIATION
At 1 December 2023 32,326
Charge for year 64
At 30 November 2024 32,390
NET BOOK VALUE
At 30 November 2024 192
At 30 November 2023 256

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,233 60,007
Other debtors 50,000 10,000
VAT 5,149 2,064
95,382 72,071

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 64,258 64,258
Trade creditors 115,582 105,812
Tax 6,873 2,942
Social security and other taxes 62 -
Company credit card - 213
Bounce Back Loan 10,000 10,000
Directors' current accounts 187 3,655
Accrued expenses 1,850 1,850
198,812 188,730

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Loan more than one year 9,167 18,295

8. RELATED PARTY DISCLOSURES

The company owed to its directors £187 (2023:£3,655) at the end of the year. There are no any fixed repayment dates and no interest has been charged on the outstanding balance.

At the end of the year, amount of £50,000 (2024:£10,000) is receivable from KSM Optical Ltd, as the director of the company is a close family member of the director of Transcontinental Exports (UK) Limited. There are no fixed repayment dates and no interest has been charged on the outstanding balance.