Transport Analysis & Advocacy Ltd Company accounts

COMPANY REGISTRATION NUMBER: NI025174

Transport Analysis & Advocacy Ltd

Unaudited Financial Statements

31 December 2024

Transport Analysis & Advocacy Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Directors' report	1

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	6

Transport Analysis & Advocacy Ltd

Directors' Report

Year ended 31 December 2024

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Directors

The directors who served the company during the year were as follows:

Mr A W Smyth
Mrs H Smyth

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 September 2025 and signed on behalf of the board by:

Mr A W Smyth

Director

Registered office:

631 Lisburn Road

Belfast

BT9 7GT

Transport Analysis & Advocacy Ltd

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Transport Analysis & Advocacy Ltd

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Transport Analysis & Advocacy Ltd for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie. This report is made solely to the Board of Directors of Transport Analysis & Advocacy Ltd, as a body, in accordance with the terms of our engagement letter dated 1 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Transport Analysis & Advocacy Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Transport Analysis & Advocacy Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Transport Analysis & Advocacy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Transport Analysis & Advocacy Ltd. You consider that Transport Analysis & Advocacy Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Transport Analysis & Advocacy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

AUBREY CAMPBELL ACCOUNTANTS LIMITED Chartered Accountants

631 Lisburn Road Belfast N. Ireland BT9 7GT

26 September 2025

Transport Analysis & Advocacy Ltd

Statement of Income and Retained Earnings

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	89,432	51,896

Cost of sales	132	8,835
	--------	--------
Gross profit	89,300	43,061

Administrative expenses	95,671	33,556
	--------	--------
Operating (loss)/profit	( 6,371)	9,505

Other interest receivable and similar income		80	–
Interest payable and similar expenses		72	102
		--------	--------
(Loss)/profit before taxation	4	( 6,363)	9,403

Tax on (loss)/profit	–	–
	-------	-------
(Loss)/profit for the financial year and total comprehensive income	( 6,363)	9,403
	-------	-------

Retained earnings/(losses) at the start of the year	9,205	( 198)
	-------	-------
Retained earnings at the end of the year	2,842	9,205
	-------	-------

All the activities of the company are from continuing operations.

Transport Analysis & Advocacy Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		4,006	907

Current assets

Debtors	6	232	3,577
Cash at bank and in hand		12,529	27,406
		--------	--------
		12,761	30,983

Creditors: amounts falling due within one year	7	13,195		20,473
		--------		--------
Net current (liabilities)/assets			( 434)	10,510
			-------	--------
Total assets less current liabilities			3,572	11,417

Creditors: amounts falling due after more than one year	8	728	2,210
		-------	--------
Net assets		2,844	9,207
		-------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	2,842	9,205
	-------	-------
Shareholders funds	2,844	9,207
	-------	-------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Transport Analysis & Advocacy Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr A W Smyth

Director

Company registration number: NI025174

Transport Analysis & Advocacy Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 631 Lisburn Road, Belfast, BT9 7GT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Profit before taxation

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	1,001	227
	-------	----

5. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 January 2024	13,733	13,733
Additions	4,100	4,100
	--------	--------
At 31 December 2024	17,833	17,833
	--------	--------
Depreciation
At 1 January 2024	12,826	12,826
Charge for the year	1,001	1,001
	--------	--------
At 31 December 2024	13,827	13,827
	--------	--------
Carrying amount
At 31 December 2024	4,006	4,006
	--------	--------
At 31 December 2023	907	907
	--------	--------

6. Debtors

	2024	2023
	£	£
Other debtors	232	3,577
	----	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	1,442	1,331
Trade creditors	1,999	1,999
Other creditors	9,754	17,143
	--------	--------
	13,195	20,473
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	728	2,210
	----	-------

9. Financial instruments

Where reduced disclosures are applied, disclosures from the Companies Act 2006 still need to be made regarding the fair value of the instruments in each category and the changes in value recognised in profit and loss. Disclosures of the significant assumptions underlying the valuation models and techniques used, and extent and nature of derivative instruments are also required.

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A W Smyth	( 3,577)	41,480	( 32,384)	5,519
	-------	--------	--------	-------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr A W Smyth	( 10,794)	44,375	( 30,004)	3,577
	--------	--------	--------	-------