IRIS Accounts Production v25.1.0.734 05565589 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055655892023-09-30055655892024-09-30055655892023-10-012024-09-30055655892022-09-30055655892022-10-012023-09-30055655892023-09-3005565589ns15:EnglandWales2023-10-012024-09-3005565589ns14:PoundSterling2023-10-012024-09-3005565589ns10:Director12023-10-012024-09-3005565589ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3005565589ns10:SmallEntities2023-10-012024-09-3005565589ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3005565589ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3005565589ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3005565589ns10:AbridgedAccounts2023-10-012024-09-3005565589ns10:CompanySecretary12023-10-012024-09-3005565589ns10:RegisteredOffice2023-10-012024-09-3005565589ns5:CurrentFinancialInstruments2024-09-3005565589ns5:CurrentFinancialInstruments2023-09-3005565589ns5:Non-currentFinancialInstruments2024-09-3005565589ns5:Non-currentFinancialInstruments2023-09-3005565589ns5:ShareCapital2024-09-3005565589ns5:ShareCapital2023-09-3005565589ns5:RetainedEarningsAccumulatedLosses2024-09-3005565589ns5:RetainedEarningsAccumulatedLosses2023-09-3005565589ns5:FurnitureFittings2023-10-012024-09-3005565589ns5:MotorVehicles2023-10-012024-09-3005565589ns5:ComputerEquipment2023-10-012024-09-3005565589ns5:HirePurchaseContractsns5:WithinOneYear2024-09-3005565589ns5:HirePurchaseContractsns5:WithinOneYear2023-09-3005565589ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-09-3005565589ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-09-3005565589ns5:HirePurchaseContractsns5:MoreThanFiveYears2024-09-3005565589ns5:HirePurchaseContractsns5:MoreThanFiveYears2023-09-3005565589ns5:HirePurchaseContracts2024-09-3005565589ns5:HirePurchaseContracts2023-09-3005565589ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-09-3005565589ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3005565589ns5:DeferredTaxation2023-09-3005565589ns5:DeferredTaxation2024-09-30
REGISTERED NUMBER: 05565589 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

TRANSLEASE SERVICES LIMITED

TRANSLEASE SERVICES LIMITED (REGISTERED NUMBER: 05565589)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


TRANSLEASE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: T J Scott





SECRETARY: Mrs L J Scott





REGISTERED OFFICE: 4 Tannery House
Tannery Lane
Send
Woking
Surrey
GU23 7EF





REGISTERED NUMBER: 05565589 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

TRANSLEASE SERVICES LIMITED (REGISTERED NUMBER: 05565589)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 6,670,306 6,986,376

CURRENT ASSETS
Debtors 3,227,437 3,234,718
Cash at bank and in hand 1,406,208 1,300,296
4,633,645 4,535,014
CREDITORS
Amounts falling due within one year 2,504,624 2,407,363
NET CURRENT ASSETS 2,129,021 2,127,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,799,327

9,114,027

CREDITORS
Amounts falling due after more than one
year

5

(5,904,849

)

(6,214,358

)

PROVISIONS FOR LIABILITIES 7 (20,173 ) (24,637 )
NET ASSETS 2,874,305 2,875,032

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,864,305 2,865,032
SHAREHOLDERS' FUNDS 2,874,305 2,875,032

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TRANSLEASE SERVICES LIMITED (REGISTERED NUMBER: 05565589)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2025 and were signed by:





T J Scott - Director


TRANSLEASE SERVICES LIMITED (REGISTERED NUMBER: 05565589)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Translease Services 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 21% on reducing balance
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Interest is charged to the profit and loss account using the sum of digits method.

TRANSLEASE SERVICES LIMITED (REGISTERED NUMBER: 05565589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 13,657,381
Additions 2,069,884
Disposals (2,512,061 )
At 30 September 2024 13,215,204
DEPRECIATION
At 1 October 2023 6,671,005
Charge for year 1,464,652
Eliminated on disposal (1,590,759 )
At 30 September 2024 6,544,898
NET BOOK VALUE
At 30 September 2024 6,670,306
At 30 September 2023 6,986,376

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 October 2023 10,397,851
Additions 2,069,884
Disposals (1,297,273 )
Transfer to ownership (1,112,924 )
At 30 September 2024 10,057,538
DEPRECIATION
At 1 October 2023 4,767,126
Charge for year 1,211,438
Eliminated on disposal (738,320 )
Transfer to ownership (723,644 )
At 30 September 2024 4,516,600
NET BOOK VALUE
At 30 September 2024 5,540,938
At 30 September 2023 5,630,725

TRANSLEASE SERVICES LIMITED (REGISTERED NUMBER: 05565589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.9.24 30.9.23
£    £   

Repayable by instalments
Hire purchase 82,719 18,581

6. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.24 30.9.23
£    £   
Gross obligations repayable:
Within one year 2,739,055 2,651,457
Between one and five years 6,361,101 6,736,523
In more than five years 86,210 18,978
9,186,366 9,406,958

Finance charges repayable:
Within one year 455,253 414,632
Between one and five years 538,971 540,746
In more than five years 3,491 397
997,715 955,775

Net obligations repayable:
Within one year 2,283,802 2,236,825
Between one and five years 5,822,130 6,195,777
In more than five years 82,719 18,581
8,188,651 8,451,183

7. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 20,173 24,637

Deferred
tax
£   
Balance at 1 October 2023 24,637
Accelerated capital allowances (4,464 )
Balance at 30 September 2024 20,173