TRANSREPORT LIMITED - Accounts to registrar (filleted)

REGISTERED NUMBER: 09911874 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

TRANSREPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M Beutler

C A Greene

M S Lyons

X Shen

A K Towers

F H Ursell

REGISTERED OFFICE:

FULHAM GREEN

69-79 FULHAM HIGH STREET

LONDON

SW6 3JW

REGISTERED NUMBER:

09911874 (England and Wales)

FIXED ASSETS

Intangible assets

4

5,037,740

4,705,106

Tangible assets

5

30,995

82,896

Investments

6

5,441

5,074,176

4,793,443

CURRENT ASSETS

Debtors

7

830,195

908,501

Cash at bank

3,512,628

6,293,444

4,342,823

7,201,945

CREDITORS

Amounts falling due within one year

8

822,223

1,098,849

NET CURRENT ASSETS

3,520,600

6,103,096

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,594,776

10,896,539

PROVISIONS FOR LIABILITIES

1,265,308

1,197,000

NET ASSETS

7,329,468

9,699,539

CAPITAL AND RESERVES

Called up share capital

9

564,872

Share premium

10

15,565,297

Retained earnings

10

(8,800,701

)

(6,430,630

)

SHAREHOLDERS' FUNDS

7,329,468

9,699,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 September 2026 and were signed on its behalf by:

X Shen - Director

1.	STATUTORY INFORMATION

TRANSREPORT LIMITED 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 company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Research expenditure is written off to the Income Statement during the period. Development expenditure is written off in the same way unless the Directors are satisfied that:

- an individual project is technically, commercially and financially viable

- a project gives rise to a separately identifiable asset and arises from contractual or other legal rights

- it is probable that future economic benefits that are attributable to the project will flow to the company

- the cost or value of the asset can be measured reliably.

If the above criteria are met, the development expenditure is capitalised as Intangible assets and are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 25% on cost

Fixtures and fittings - 25% on cost

Computer equipment - 33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 38 (2024 - 65 ) .

4.	INTANGIBLE FIXED ASSETS

Developm

costs

£

COST

At 1 January 2025

6,567,842

Additions

1,787,305

At 31 December 2025

8,355,147

AMORTISATION

At 1 January 2025

1,862,736

Amortisation for year

1,454,671

At 31 December 2025

3,317,407

NET BOOK VALUE

At 31 December 2025

5,037,740

At 31 December 2024

4,705,106

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 January 2025

2,423

25,733

301,403

329,559

Additions

-

892

2,108

3,000

Disposals

-

(30,651

)

(30,651

)

At 31 December 2025

2,423

26,625

272,860

301,908

DEPRECIATION

At 1 January 2025

2,423

17,950

226,290

246,663

Charge for year

-

3,611

47,232

50,843

Eliminated on disposal

-

(26,593

)

(26,593

)

At 31 December 2025

2,423

21,561

246,929

270,913

NET BOOK VALUE

At 31 December 2025

-

5,064

25,931

30,995

At 31 December 2024

-

7,783

75,113

82,896

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 January 2025

and 31 December 2025

5,441

NET BOOK VALUE

At 31 December 2025

5,441

At 31 December 2024

5,441

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

427,346

278,695

Other debtors

315,953

268,114

Amounts owed by group entity

86,896

361,692

830,195

908,501

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

272,308

485,696

Social security and other taxes

231,290

159,114

Other creditors

51,350

48,212

Directors' current accounts

-

16,562

Accrued expenses

6,000

26,810

Deferred income

261,275

362,455

822,223

1,098,849

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

26,458,333

Ordinary Share Capital

1p

264,583

13,771,491

A Ordinary Share Capital

1p

137,715

145,832

B Ordinary Share Capital

1p

1,458

16,111,575

C Ordinary Share Capital

1p

161,116

564,872

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

At 1 January 2025

(6,430,630

)

15,565,297

9,134,667

Deficit for the year

(2,370,071

)

(2,370,071

)

At 31 December 2025

(8,800,701

)

15,565,297

6,764,596

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

X Shen

Balance outstanding at start of year

(2,784

)

(45,598

)

Amounts advanced

-

47,600

Amounts repaid

-

(4,786

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(2,784

)

W Ahmed

Balance outstanding at start of year

(11,547

)

-

Amounts repaid

-

(11,547

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(11,547

)

Y Li

Balance outstanding at start of year

(2,232

)

-

Amounts advanced

-

28,608

Amounts repaid

-

(30,840

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

(2,232

)