Company registration number 14775939 (England and Wales)
TRIPLE S COURIER LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TRIPLE S COURIER LTD
COMPANY INFORMATION
Directors
Ms B K Sohal
(Appointed 3 April 2023)
Mr G Singh
(Appointed 3 April 2023)
Company number
14775939
Registered office
17 Crofters Hill
Droitwich
Worcestershire
WR9 9HY
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
TRIPLE S COURIER LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6
TRIPLE S COURIER LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRIPLE S COURIER LTD FOR THE PERIOD ENDED 29 APRIL 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Triple S Courier Ltd for the period ended 29 April 2024 which comprise, the 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Triple S Courier Ltd, 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 Triple S Courier Ltd and state those matters that we have agreed to state to the board of directors of Triple S Courier Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Triple S Courier Ltd and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Triple S Courier Ltd 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 loss of Triple S Courier Ltd. You consider that Triple S Courier Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Triple S Courier Ltd. 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.

Ormerod Rutter Limited
3 February 2025
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
TRIPLE S COURIER LTD
BALANCE SHEET
AS AT 29 APRIL 2024
29 April 2024
- 2 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
19,346
Current assets
Debtors
4
8,483
Cash at bank and in hand
1,300
9,783
Creditors: amounts falling due within one year
5
(40,165)
Net current liabilities
(30,382)
Total assets less current liabilities
(11,036)
Creditors: amounts falling due after more than one year
6
(8,934)
Net liabilities
(19,970)
Capital and reserves
Called up share capital
8
100
Profit and loss reserves
(20,070)
Total equity
(19,970)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 29 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 3 February 2025 and are signed on its behalf by:
Ms B K Sohal
Mr G Singh
Director
Director
Company registration number 14775939 (England and Wales)
TRIPLE S COURIER LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 29 APRIL 2024
- 3 -
1
Accounting policies
Company information

Triple S Courier Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 17 Crofters Hill, Droitwich, Worcestershire, WR9 9HY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% on reducing balance
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

TRIPLE S COURIER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
Number
Total
2
TRIPLE S COURIER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 APRIL 2024
- 5 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 3 April 2023
-
0
Additions
25,795
At 29 April 2024
25,795
Depreciation and impairment
At 3 April 2023
-
0
Depreciation charged in the period
6,449
At 29 April 2024
6,449
Carrying amount
At 29 April 2024
19,346
4
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
2,367
Other debtors
1,447
3,814
Deferred tax asset
4,669
8,483
5
Creditors: amounts falling due within one year
2024
£
Trade creditors
588
Other creditors
39,577
40,165
6
Creditors: amounts falling due after more than one year
2024
£
Other creditors
8,934
TRIPLE S COURIER LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 29 APRIL 2024
- 6 -
7
Secured debts
The following secured debts are included within creditors:
2024
£
Hire purchase contracts
11,755
Hire purchase contracts are secured against the assets to which they relate.
8
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary A of £1 each
66
66
Ordinary B of £1 each
34
34
100
100

The followings shares were allotted and fully paid for cash at par during the period:

 

66 Ordinary A shares of £1 each

34 Ordinary B Shares of £1 each

9
Ultimate controlling party

The ultimate controlling party is Ms B K Sohal.

10
Comparatives

This is the company’s first period of trade, therefore there are no comparatives.

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