Company registration number: 09591483
Unaudited financial statements
for the year ended 31 May 2024
for
Transport Contracting Services Limited
Pages for filing with the Registrar
Company registration number: 09591483
Transport Contracting Services Limited
Balance sheet
as at 31 May 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 28,522 38,030
28,522 38,030
Current assets
Debtors 30,000 -
Cash at bank and in hand 11,203 41,849
41,203 41,849
Creditors: amounts falling due within one
year
(30,854) (26,442)
Net current assets 10,349 15,407
Total assets less current liabilities 38,871 53,437
Creditors: Amounts falling due after more
than one year
(9,063) (11,806)
NET ASSETS 29,808 41,631
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,708 41,531
TOTAL EQUITY 29,808 41,631
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 May 2024.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 09591483
Transport Contracting Services Limited
Balance sheet - continued
as at 31 May 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 31 May 2025 and signed on its behalf by:
Mr A Bradley, Director Ms P Bradley, Director
31 May 2025 31 May 2025
2
Transport Contracting Services Limited
Notes to the financial statements
for the year ended 31 May 2024
1 Company information
Transport Contracting Services Limited is a private company registered in England and Wales. Its registered number is 09591483. The company is limited by shares. Its registered office is 15 Saxon Close, Bury, BL8 2RY.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3
Transport Contracting Services Limited
Notes to the financial statements - continued
for the year ended 31 May 2024
2 Accounting policies - continued
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.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 June 2023 49,035
At 31 May 2024 49,035
Depreciation
At 1 June 2023 11,005
Charge for year 9,508
At 31 May 2024 20,513
Net book value
At 31 May 2024 28,522
At 31 May 2023 38,030
4