REGISTERED NUMBER: 10156285 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

Transportconnect Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H L Rowbotham

N Hilton

J H McNamara

Mrs V Laird

REGISTERED OFFICE:

C/o Lincolnshire County Council

Highways Depot, Sheepwash Lane

Barrowby

Grantham

Lincolnshire

NG31 8NX

REGISTERED NUMBER:

10156285 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

176,629

330,677

CURRENT ASSETS

Debtors

5

413,936

1,143,201

Cash at bank

231,315

136,536

645,251

1,279,737

CREDITORS

Amounts falling due within one year

6

831,780

953,156

NET CURRENT (LIABILITIES)/ASSETS

(186,529

)

326,581

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,900

)

657,258

RESERVES

Income and expenditure account

(9,900

)

657,258

(9,900

)

657,258

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 Board of Directors and authorised for issue on 18 August 2026 and were signed on its behalf by:

H L Rowbotham - Director

N Hilton - Director

1.	STATUTORY INFORMATION

Transportconnect Limited is a private company, limited by guarantee , 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.

Going concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate due to preparing forecasts and performing a going concern assessment for a period of at least 12 months from the date of approval of these financial statements.

At the year end net liabilities exceeded net assets by £9,900. Included within creditors are amounts owing to its parent undertaking, Lincolnshire County Council of £79,274. The company's continued operation depends on the financial support of its parent undertaking. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.

Improvements to property

-

Straight line over 6 years

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

33% on reducing balance

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit 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 year was 115 (2025 - 141 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2025

23,832

265,125

30,804

Disposals

-

(1,218

)

-

At 31 March 2026

23,832

263,907

30,804

DEPRECIATION

At 1 April 2025

9,317

188,343

24,244

Charge for year

2,384

23,810

2,164

Eliminated on disposal

-

(1,077

)

-

At 31 March 2026

11,701

211,076

26,408

NET BOOK VALUE

At 31 March 2026

12,131

52,831

4,396

At 31 March 2025

14,515

76,782

6,560

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

824,138

26,550

1,170,449

Disposals

(287,630

)

-

(288,848

)

At 31 March 2026

536,508

26,550

881,601

DEPRECIATION

At 1 April 2025

598,322

19,546

839,772

Charge for year

97,122

2,311

127,791

Eliminated on disposal

(261,514

)

-

(262,591

)

At 31 March 2026

433,930

21,857

704,972

NET BOOK VALUE

At 31 March 2026

102,578

4,693

176,629

At 31 March 2025

225,816

7,004

330,677

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

313,673

1,012,485

Other debtors

100,263

130,716

413,936

1,143,201

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

123,632

155,958

Taxation and social security

165,417

239,499

Other creditors

542,731

557,699

831,780

953,156

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

61,150

48,750

Between one and five years

20,350

66,000

81,500

114,750

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Shaw FCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

9.	ULTIMATE CONTROLLING PARTY

The ultimate parent is Lincolnshire County Council, County Offices, Newland, Lincoln, LN1 1YL.

10.	SHARE CAPITAL

The company is limited by guarantee.