Company Registration No. 11798884 (England and Wales)
TRANSPORT ON TIME LTD
Unaudited accounts
for the year ended 31 January 2022
TRANSPORT ON TIME LTD
Unaudited accounts
Contents
TRANSPORT ON TIME LTD
Company Information
for the year ended 31 January 2022
Company Number
11798884 (England and Wales)
Registered Office
46 Ladybank Avenue
FULWOOD
PRESTON
PR2 9LY
United Kingdom
TRANSPORT ON TIME LTD
Statement of financial position
as at
31 January 2022
Tangible assets
20,258
6,077
Cash at bank and in hand
2,617
9,027
Creditors: amounts falling due within one year
(2,942)
(9,806)
Net current (liabilities)/assets
(6,227)
4,820
Total assets less current liabilities
14,031
10,897
Creditors: amounts falling due after more than one year
14,933
-
Called up share capital
100
100
Profit and loss account
28,864
10,797
Shareholders' funds
28,964
10,897
For the year ending 31 January 2022 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 20 July 2022 and were signed on its behalf by
IULIAN CORUT
Director
Company Registration No. 11798884
TRANSPORT ON TIME LTD
Notes to the Accounts
for the year ended 31 January 2022
TRANSPORT ON TIME LTD is a private company, limited by shares, registered in England and Wales, registration number 11798884. The registered office is 46 Ladybank Avenue, FULWOOD, PRESTON, PR2 9LY, United Kingdom.
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:
Motor vehicles
Motor vehicles
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
At 1 February 2021
13,137
At 31 January 2022
35,070
At 31 January 2022
14,812
At 31 January 2022
20,258
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
(5,902)
5,599
TRANSPORT ON TIME LTD
Notes to the Accounts
for the year ended 31 January 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
(7,148)
(9,500)
Taxes and social security
13,516
12,990
Other creditors
2,574
1,947
Loans from directors
(6,000)
4,369
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).