Company Registration No. 12275690 (England and Wales)
TRANS AM75 LTD
Unaudited accounts
for the year ended 31 October 2024
TRANS AM75 LTD
Unaudited accounts
Contents
TRANS AM75 LTD
Company Information
for the year ended 31 October 2024
Directors
Arkadiusz Malek
Krystian Troscianko
Arkadiusz Malek
KRYSTIAN TROSCIANKO
Company Number
12275690 (England and Wales)
Registered Office
77 MERRILLS AVENUE
CREWE
CW2 8SP
ENGLAND
Accountants
DoKument Ltd
Corbet Arms
High Street
Market Drayton
Shropshire
TF9 1PY
TRANS AM75 LTD
Statement of financial position
as at 31 October 2024
Intangible assets
30,000
-
Tangible assets
2,748
5,497
Cash at bank and in hand
3
141
Creditors: amounts falling due within one year
(42,449)
(5,744)
Net current liabilities
(42,200)
(5,536)
Net liabilities
(9,452)
(39)
Called up share capital
2
2
Profit and loss account
(9,454)
(41)
Shareholders' funds
(9,452)
(39)
For the year ending 31 October 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 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 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 of Directors and authorised for issue on 16 July 2025 and were signed on its behalf by
Arkadiusz Malek
Director
Company Registration No. 12275690
TRANS AM75 LTD
Notes to the Accounts
for the year ended 31 October 2024
TRANS AM75 LTD is a private company, limited by shares, registered in England and Wales, registration number 12275690. The registered office is 77 MERRILLS AVENUE, CREWE, CW2 8SP, ENGLAND.
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 October 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 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
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
TRANS AM75 LTD
Notes to the Accounts
for the year ended 31 October 2024
4
Intangible fixed assets
Goodwill
Goodwill
During the current financial year, the company recognised goodwill arising from the transfer of the sole trade businesses previously operated by the two directors prior to incorporation. At the point of incorporation, the directors brought into the company their respective customer bases, reputation, and operational knowledge, which constituted a valuable intangible asset.
The goodwill was not recorded in the financial statements at the time of incorporation in Year 1. Following a review of the company’s history and original structure, and in consultation with professional advisers, management has opted to recognise this goodwill in the current year to reflect the fair value of the intangible asset contributed at inception.
The goodwill has been valued at £30,000.00, based on a reasonable estimate of the value of the businesses transferred, including trading history, customer retention, and net earnings potential.
5
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
TRANS AM75 LTD
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
4,167
Taxes and social security
283
5,131
Other creditors
27,221
2,190
Loans from directors
(3,209)
(21,526)
As of 31 October 2024, the director owed £3,209 to the company (31 October 2023: £21,526) in respect of an interest-free loan, which is repayable on demand. No interest has been charged on the outstanding balance during the year, and no specific repayment terms have been agreed other than the right of the company to demand repayment at any time. Additionally the recognition of goodwill has been matched by a credit to the directors’ loan account in the amount of £30,000.00, representing the consideration given by the company to the directors for the transferred intangible asset at incorporation. This adjustment reflects the directors' contribution to the business and reduces the outstanding balance of the directors’ loan account accordingly.
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).