REGISTERED NUMBER: 10325698 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2023 TO 31 DECEMBER 2024

FOR

TRANSPORT SURVEY SYSTEMS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C C Constantinides

REGISTERED OFFICE:

4th Floor

86-90 Paul Street

London

EC2A 4NE

REGISTERED NUMBER:

10325698 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

32,549

CURRENT ASSETS

Debtors

5

132,556

91,666

Cash at bank and in hand

82

34,144

132,638

125,810

CREDITORS

Amounts falling due within one year

6

348,397

94,046

NET CURRENT (LIABILITIES)/ASSETS

(215,759

)

31,764

TOTAL ASSETS LESS CURRENT LIABILITIES

(215,759

)

64,313

CREDITORS

Amounts falling due after more than one year

7

8,401

29,688

NET (LIABILITIES)/ASSETS

(224,160

)

34,625

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(224,260

)

34,525

SHAREHOLDERS' FUNDS

(224,160

)

34,625

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

Mr C C Constantinides - Director

1.	STATUTORY INFORMATION

Transport Survey Systems Ltd 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.

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 historical cost convention.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% straight line method

TAXATION

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 statement of financial position date.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2023

33,407

16,650

108,928

158,985

Additions

-

1,750

2,764

4,514

Disposals

(33,407

)

(18,400

)

(111,692

)

(163,499

)

At 31 December 2024

-

-

-

-

DEPRECIATION

At 1 September 2023

13,783

11,382

101,271

126,436

Eliminated on disposal

(13,783

)

(11,382

)

(101,271

)

(126,436

)

At 31 December 2024

-

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

-

At 31 August 2023

19,624

5,268

7,657

32,549

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

54,973

1,290

Amounts owed by group undertakings

63,267

24,918

Other debtors

14,316

65,458

132,556

91,666

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

25,351

17,789

Trade creditors

1,146

17,013

Amounts owed to group undertakings

300,158

-

Taxation and social security

11,833

47,909

Other creditors

9,909

11,335

348,397

94,046

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

8,401

29,688

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

8,551

-

Bank loans

16,800

17,789

25,351

17,789

2024

2023

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

8,401

18,950

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

10,738

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2024 and the year ended 31 August 2023:

2024

2023

£

£

Mr C C Constantinides

Balance outstanding at start of period

25,652

-

Amounts advanced

38,451

48,430

Amounts repaid

(64,103

)

(22,778

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

25,652

Interest, at the official rate, amounting to £819 (2023: £nil) was charged on the loan account during periods when it was overdrawn.

10.	ULTIMATE CONTROLLING PARTY