Company Registration No. 10940267 (England and Wales)
TRANSPORT FOR SCHOOL LTD
Unaudited accounts
for the year ended 31 August 2024
TRANSPORT FOR SCHOOL LTD
Statement of financial position
as at 31 August 2024
Tangible assets
564,091
525,593
Cash at bank and in hand
144,557
54,584
Creditors: amounts falling due within one year
(373,047)
(78,632)
Net current (liabilities)/assets
(153,076)
93,676
Total assets less current liabilities
411,015
619,269
Creditors: amounts falling due after more than one year
(452,835)
(629,517)
Net liabilities
(41,820)
(10,248)
Called up share capital
100
100
Profit and loss account
(41,920)
(10,348)
Shareholders' funds
(41,820)
(10,248)
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 May 2025 and were signed on its behalf by
PATEL, Briyesh Chandrakant
Director
Company Registration No. 10940267
TRANSPORT FOR SCHOOL LTD
Notes to the Accounts
for the year ended 31 August 2024
TRANSPORT FOR SCHOOL LTD is a private company, limited by shares, registered in England and Wales, registration number 10940267. The registered office is Unit 6, Sharvatt Business Centre, Keats Road, Belvedere, DA17 6BP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
20% Straight Line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
40,515
7,833
764,386
812,734
Additions
-
-
201,935
201,935
At 31 August 2024
40,515
7,833
966,321
1,014,669
At 1 September 2023
-
1,697
285,444
287,141
Charge for the year
-
1,567
161,870
163,437
At 31 August 2024
-
3,264
447,314
450,578
At 31 August 2024
40,515
4,569
519,007
564,091
At 31 August 2023
40,515
6,136
478,942
525,593
TRANSPORT FOR SCHOOL LTD
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
25,414
105,201
Accrued income and prepayments
129
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,386
-
Obligations under finance leases and hire purchase contracts
149,862
-
Trade creditors
105,023
37,246
Taxes and social security
5,831
3,432
Other creditors
16,183
2,919
Loans from directors
28,463
28,870
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
232,340
356,566
Other creditors
208,989
242,673
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).