Tendring Express Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07347325 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2022

for

Tendring Express Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N P Hargreaves

C Hunnings

REGISTERED OFFICE:

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

REGISTERED NUMBER:

07347325 (England and Wales)

ACCOUNTANTS:

Vortex Accountants Limited

Top Floor

Claridon House

London Road

Stanford Le Hope

Essex

SS17 0JU

FIXED ASSETS

Tangible assets

4

584,511

569,629

CURRENT ASSETS

Debtors

5

2,332,873

1,354,335

Cash at bank and in hand

288,413

446,848

2,621,286

1,801,183

CREDITORS

Amounts falling due within one year

6

2,260,761

1,429,657

NET CURRENT ASSETS

360,525

371,526

TOTAL ASSETS LESS CURRENT LIABILITIES

945,036

941,155

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

945,034

941,153

SHAREHOLDERS' FUNDS

945,036

941,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 13 March 2023 and were signed on its behalf by:

Mr N P Hargreaves - Director

1.	STATUTORY INFORMATION

Tendring Express Services 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

Straight line over 5 years

Motor vehicles

-

Straight line over 5 years

Computer equipment

-

Straight line over 5 years

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss 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 66 (2021 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2021

32,744

1,222,977

50,637

1,306,358

Additions

-

304,693

-

304,693

At 31 August 2022

32,744

1,527,670

50,637

1,611,051

DEPRECIATION

At 1 September 2021

30,584

680,508

25,637

736,729

Charge for year

2,160

279,651

8,000

289,811

At 31 August 2022

32,744

960,159

33,637

1,026,540

NET BOOK VALUE

At 31 August 2022

-

567,511

17,000

584,511

At 31 August 2021

2,160

542,469

25,000

569,629

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Motor

vehicles

£

COST

At 1 September 2021

1,132,444

Additions

304,693

At 31 August 2022

1,437,137

DEPRECIATION

At 1 September 2021

593,922

Charge for year

275,704

At 31 August 2022

869,626

NET BOOK VALUE

At 31 August 2022

567,511

At 31 August 2021

538,522

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

2,152,873

1,347,568

Other debtors

-

6,767

Prepayments

180,000

-

2,332,873

1,354,335

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

1,947,411

1,253,993

Tax

11,493

28,307

Social security and other taxes

13,728

23,443

VAT

278,294

114,899

Directors' current accounts

4,320

4,000

Accrued expenses

5,515

5,015

2,260,761

1,429,657