Company Registration No. SC772980 (Scotland)
Transit Innovations Ltd
Unaudited accounts
for the year ended 30 June 2025
Transit Innovations Ltd
Unaudited accounts
Contents
Transit Innovations Ltd
Company Information
for the year ended 30 June 2025
Director
Ibrar Hussain SAID
Company Number
SC772980 (Scotland)
Registered Office
5 South Charlotte Street
Edinburgh
Midlothian
EH2 4AN
Scotland
Transit Innovations Ltd
Statement of financial position
as at 30 June 2025
Tangible assets
1,327
1,561
Cash at bank and in hand
759
478
Creditors: amounts falling due within one year
(5,620)
(809)
Net current liabilities
(3,185)
(94)
Net (liabilities)/assets
(1,858)
1,467
Called up share capital
1
1
Profit and loss account
(1,859)
1,466
Shareholders' funds
(1,858)
1,467
For the year ending 30 June 2025 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 11 March 2026 and were signed on its behalf by
Ibrar Hussain SAID
Director
Company Registration No. SC772980
Transit Innovations Ltd
Notes to the Accounts
for the year ended 30 June 2025
Transit Innovations Ltd is a private company, limited by shares, registered in Scotland, registration number SC772980. The registered office is 5 South Charlotte Street, Edinburgh, Midlothian, EH2 4AN, Scotland.
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.
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:
4
Tangible fixed assets
Motor vehicles
Amounts falling due after more than one year
Transit Innovations Ltd
Notes to the Accounts
for the year ended 30 June 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,499
-
Taxes and social security
23
409
7
Average number of employees
During the year the average number of employees was 2 (2024: 1).