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REGISTERED NUMBER: 06656792 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

TRANS GLOBAL LOGISTICS UK LIMITED

TRANS GLOBAL LOGISTICS UK LIMITED (REGISTERED NUMBER: 06656792)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRANS GLOBAL LOGISTICS UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A Lester
J M Wetz
M Harrison





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
CB5 8BA





REGISTERED NUMBER: 06656792 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

TRANS GLOBAL LOGISTICS UK LIMITED (REGISTERED NUMBER: 06656792)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 12,489 20,105

CURRENT ASSETS
Debtors 6 270,186 218,478
Cash at bank 1,158,878 1,167,970
1,429,064 1,386,448
CREDITORS
Amounts falling due within one year 7 (195,088 ) (152,294 )
NET CURRENT ASSETS 1,233,976 1,234,154
TOTAL ASSETS LESS CURRENT LIABILITIES 1,246,465 1,254,259

CAPITAL AND RESERVES
Called up share capital 9 11 9
Share premium 53,282 -
Retained earnings 1,193,172 1,254,250
SHAREHOLDERS' FUNDS 1,246,465 1,254,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TRANS GLOBAL LOGISTICS UK LIMITED (REGISTERED NUMBER: 06656792)

BALANCE SHEET - continued
31 JULY 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.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





A Lester - Director


TRANS GLOBAL LOGISTICS UK LIMITED (REGISTERED NUMBER: 06656792)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Trans Global Logistics UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised at the point of invoice, and represents the total amount billed for the year in respect of logistics and vehicle processing services, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

TRANS GLOBAL LOGISTICS UK LIMITED (REGISTERED NUMBER: 06656792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 10,567 20,999 17,601 49,167
DEPRECIATION
At 1 August 2023 6,835 5,250 16,977 29,062
Charge for year 1,742 5,250 624 7,616
At 31 July 2024 8,577 10,500 17,601 36,678
NET BOOK VALUE
At 31 July 2024 1,990 10,499 - 12,489
At 31 July 2023 3,732 15,749 624 20,105

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 221,078 135,379
Other debtors 49,108 83,099
270,186 218,478

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,188 346
Amounts owed to associates 50,000 -
Taxation and social security 25,471 94,829
Other creditors 107,429 57,119
195,088 152,294

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 32,000 32,000
Between one and five years 32,000 32,000
64,000 64,000

TRANS GLOBAL LOGISTICS UK LIMITED (REGISTERED NUMBER: 06656792)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 9
1 Ordinary A £1 1 -
11 9

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 -

The following shares were issued during the year:

1 Ordinary share of £1 for cash of £ 26,642
1 Ordinary A share of £1 for cash of £ 26,642

10. RELATED PARTY DISCLOSURES

At the balance sheet date amounts totalling to £73,519 (2023: £61,631) were due from associated entities and are disclosed within trade debtors.

At the balance sheet date amounts totalling to £100,000 (2023: £50,000) were due to associated entities and are disclosed within other creditors

At the balance sheet date an amount of £50,000 (2023: £0) was due to an associated entity and is disclosed within amounts owed to associates.