Company Registration No. 09177157 (England and Wales)
Inter-Trans Solutions Ltd
Unaudited accounts
for the year ended 31 August 2024
Inter-Trans Solutions Ltd
Unaudited accounts
Contents
Inter-Trans Solutions Ltd
Company Information
for the year ended 31 August 2024
Company Number
09177157 (England and Wales)
Registered Office
17 STABLE WAY
KINGSWOOD
HULL
HU7 3FA
Accountants
Westlands Chartered Accountants
McMillan House
6 Wolfreton Drive
Anlaby
East Riding of Yorkshire
HU10 7BY
Inter-Trans Solutions Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
75,534
107,520
Cash at bank and in hand
26,359
1,260
Creditors: amounts falling due within one year
(839,259)
(572,454)
Net current (liabilities)/assets
(40,046)
11,289
Total assets less current liabilities
35,488
118,809
Creditors: amounts falling due after more than one year
(29,539)
(32,458)
Called up share capital
100
100
Profit and loss account
5,849
86,251
Shareholders' funds
5,949
86,351
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 7 July 2025 and were signed on its behalf by
Mr D Fedoruk
Director
Company Registration No. 09177157
Inter-Trans Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2024
Inter-Trans Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 09177157. The registered office is 17 STABLE WAY, KINGSWOOD, HULL, HU7 3FA.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
15% on cost
Fixtures & fittings
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inter-Trans Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2023
225,252
1,067
226,319
At 31 August 2024
225,252
1,067
226,319
At 1 September 2023
117,732
1,067
118,799
Charge for the year
31,986
-
31,986
At 31 August 2024
149,718
1,067
150,785
At 31 August 2024
75,534
-
75,534
At 31 August 2023
107,520
-
107,520
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
569,904
378,969
Amounts due from group undertakings etc.
202,950
199,275
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
331
Obligations under finance leases and hire purchase contracts
-
14,576
Trade creditors
641,737
422,894
Other creditors
55,815
10,376
Loans from directors
126,356
109,756
Included in creditors is £Nil (2023: £14,576) which security has been given.
7
Creditors: amounts falling due after more than one year
2024
2023
Inter-Trans Solutions Ltd
Notes to the Accounts
for the year ended 31 August 2024
The company is under the control of Mr D Fedoruk.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).