TRANS-EURO ENGINEERING SERVICES LTD


Directors	REDPATH, Stephen Ralph
	REDPATH, Tina Elaine


Company Secretary	REDPATH, Stephen Ralph


Registered Address	Unit 5a Icknield Way Industrial Estate
	Icknield Way
	Tring
	HP23 4JX


Registered Number	05196703 (England and Wales)

Balance Sheet as at
31 August 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		12,000		21,000
Tangible assets	4		62,940		45,397
Investments	5		200		200
			75,140		66,597
Current assets
Stocks	6	21,559		20,332
Debtors	7,8	155,264		234,782
Cash at bank and on hand		303,745		240,018
		480,568		495,132
Creditors amounts falling due within one year	9	(302,976)		(298,986)
Net current assets (liabilities)			177,592		196,146
Total assets less current liabilities			252,732		262,743
Creditors amounts falling due after one year	10		(23,942)		(17,482)
Net assets			228,790		245,261
Capital and reserves
Called up share capital			6		6
Profit and loss account			228,784		245,255
Shareholders' funds			228,790		245,261

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 April 2025, and are signed on its behalf by:

REDPATH, Stephen Ralph
Director
Registered Company No. 05196703

TRANS-EURO ENGINEERING SERVICES LTD

Notes to the Financial Statements
for the year ended 31 August 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Intangible assets
	Goodwill arising in connection with the acquisition of businesses is capitalised. Goodwill is reviewed annually for impairments if events or changes in circumstances indicate that the carrying value may not be recoverable.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	10		8

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 September 23	164,800	164,800
At 31 August 24	164,800	164,800
Amortisation and impairment
At 01 September 23	143,800	143,800
Charge for year	9,000	9,000
At 31 August 24	152,800	152,800
Net book value
At 31 August 24	12,000	12,000
At 31 August 23	21,000	21,000

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 September 23	46,713	-	11,090	40,892	98,695
Additions	2,076	22,996	1,327	11,523	37,922
Disposals	-	-	(4,729)	-	(4,729)
Transfers	-	-	-	4,729	4,729
At 31 August 24	48,789	22,996	7,688	57,144	136,617
Depreciation and impairment
At 01 September 23	27,936	-	6,057	19,305	53,298
Charge for year	7,646	2,555	1,171	13,735	25,107
Other adjustments	-	-	(4,729)	1	(4,728)
At 31 August 24	35,582	2,555	2,499	33,041	73,677
Net book value
At 31 August 24	13,207	20,441	5,189	24,103	62,940
At 31 August 23	18,777	-	5,033	21,587	45,397

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 September 23	200	200
At 31 August 24	200	200
Net book value
At 31 August 24	200	200
At 31 August 23	200	200

	Notes
	¹Investments in group undertakings and participating interests

6.	Stocks

	2024	2023
	£	£
Other stocks	21,559	20,332
Total	21,559	20,332

7.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	91,162	164,528
Other debtors	4,963	8,638
Prepayments and accrued income	41,366	33,843
Total	137,491	207,009

8.	Debtors: amounts due after one year

	2024	2023
	£	£
Amounts owed by group undertakings	17,773	17,773
Other debtors	-	10,000
Total	17,773	27,773

9.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	38,429	56,138
Bank borrowings and overdrafts	10,742	10,648
Taxation and social security	83,859	87,792
Finance lease and HP contracts	5,893	-
Other creditors	336	384
Accrued liabilities and deferred income	163,717	144,024
Total	302,976	298,986


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	7,469	17,482
Other creditors	16,473	-
Total	23,942	17,482

11.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	16,473		-