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REGISTERED NUMBER: 04960630 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

Transfex Limited

Transfex Limited (Registered number: 04960630)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Transfex Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: Mrs T Mohandes





REGISTERED OFFICE: 1st Floor
26 Fouberts Place
London
W1F 7PP





REGISTERED NUMBER: 04960630 (England and Wales)






Transfex Limited (Registered number: 04960630)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 858 1,144

CURRENT ASSETS
Debtors 5 - 1,195
Cash at bank 13,892 22,915
13,892 24,110
CREDITORS
Amounts falling due within one year 6 18,362 21,233
NET CURRENT (LIABILITIES)/ASSETS (4,470 ) 2,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,612

)

4,021

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (3,613 ) 4,020
(3,612 ) 4,021

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Transfex Limited (Registered number: 04960630)

Balance Sheet - continued
31 March 2022


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 director and authorised for issue on 26 August 2022 and were signed by:





Mrs T Mohandes - Director


Transfex Limited (Registered number: 04960630)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Transfex 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discount, rebates, value added tax and other sales taxes

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of the tangible fixed assets over their expected useful lives as follows:

Fixtures and fittings - 25% per annum on WDV
Computer equipment - 25% per annum on WDV

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expenses that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for the current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Transfex Limited (Registered number: 04960630)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2021
and 31 March 2022 2,164
DEPRECIATION
At 1 April 2021 1,020
Charge for year 286
At 31 March 2022 1,306
NET BOOK VALUE
At 31 March 2022 858
At 31 March 2021 1,144

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other debtors - 1,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 8,999 10,698
Taxation and social security - 3,246
Other creditors 9,363 7,289
18,362 21,233