IRIS Accounts Production v23.2.0.158 02570131 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false 'A' Ordinary 1.00000 'B ' Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 02570131 2022-03-31 02570131 2023-03-31 02570131 2022-04-01 2023-03-31 02570131 2021-03-31 02570131 2021-04-01 2022-03-31 02570131 2022-03-31 02570131 ns16:EnglandWales 2022-04-01 2023-03-31 02570131 ns15:PoundSterling 2022-04-01 2023-03-31 02570131 ns11:Director1 2022-04-01 2023-03-31 02570131 ns11:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02570131 ns11:SmallEntities 2022-04-01 2023-03-31 02570131 ns11:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02570131 ns11:SmallCompaniesRegimeForDirectorsReport 2022-04-01 2023-03-31 02570131 ns11:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02570131 ns11:FullAccounts 2022-04-01 2023-03-31 02570131 ns11:OrdinaryShareClass2 2022-04-01 2023-03-31 02570131 ns11:OrdinaryShareClass3 2022-04-01 2023-03-31 02570131 ns11:Director2 2022-04-01 2023-03-31 02570131 ns11:Director3 2022-04-01 2023-03-31 02570131 ns11:Director4 2022-04-01 2023-03-31 02570131 ns11:CompanySecretary1 2022-04-01 2023-03-31 02570131 ns11:RegisteredOffice 2022-04-01 2023-03-31 02570131 ns6:CurrentFinancialInstruments 2023-03-31 02570131 ns6:CurrentFinancialInstruments 2022-03-31 02570131 ns6:ShareCapital 2023-03-31 02570131 ns6:ShareCapital 2022-03-31 02570131 ns6:RetainedEarningsAccumulatedLosses 2023-03-31 02570131 ns6:RetainedEarningsAccumulatedLosses 2022-03-31 02570131 ns6:OwnedOrFreeholdAssets ns6:LandBuildings 2022-04-01 2023-03-31 02570131 ns6:PlantMachinery 2022-04-01 2023-03-31 02570131 ns6:FurnitureFittings 2022-04-01 2023-03-31 02570131 ns6:MotorVehicles 2022-04-01 2023-03-31 02570131 ns6:LandBuildings 2022-03-31 02570131 ns6:PlantMachinery 2022-03-31 02570131 ns6:FurnitureFittings 2022-03-31 02570131 ns6:MotorVehicles 2022-03-31 02570131 ns6:LandBuildings 2022-04-01 2023-03-31 02570131 ns6:LandBuildings 2023-03-31 02570131 ns6:PlantMachinery 2023-03-31 02570131 ns6:FurnitureFittings 2023-03-31 02570131 ns6:MotorVehicles 2023-03-31 02570131 ns6:LandBuildings 2022-03-31 02570131 ns6:PlantMachinery 2022-03-31 02570131 ns6:FurnitureFittings 2022-03-31 02570131 ns6:MotorVehicles 2022-03-31 02570131 ns6:WithinOneYear ns6:CurrentFinancialInstruments 2023-03-31 02570131 ns6:WithinOneYear ns6:CurrentFinancialInstruments 2022-03-31 02570131 ns11:OrdinaryShareClass2 2023-03-31 02570131 ns11:OrdinaryShareClass3 2023-03-31 02570131 3 ns11:Director3 2022-03-31 02570131 3 ns11:Director3 2021-03-31 02570131 3 ns11:Director3 2022-04-01 2023-03-31 02570131 3 ns11:Director3 2021-04-01 2022-03-31 02570131 3 ns11:Director3 2023-03-31 02570131 3 ns11:Director3 2022-03-31 02570131 ns11:Director4 4 2022-03-31 02570131 ns11:Director4 4 2021-03-31 02570131 ns11:Director4 4 2022-04-01 2023-03-31 02570131 ns11:Director4 4 2021-04-01 2022-03-31 02570131 ns11:Director4 4 2023-03-31 02570131 ns11:Director4 4 2022-03-31

REGISTERED NUMBER: 02570131 (England and Wales)

| TRANSFORGE (U.K.) LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2023 |

TRANSFORGE (U.K.) LIMITED (REGISTERED NUMBER: 02570131)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

TRANSFORGE (U.K.) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

| DIRECTORS: | Mrs D C Haynes

| G D Haynes

| S C Haynes

| D C Haynes

| SECRETARY: | Mrs D C Haynes

| REGISTERED OFFICE: | Transforge (UK) Limited

| Kestrel Way, Eagle Business Park

| Yaxley

| Peterborough

| Cambridgeshire

| PE7 3GQ

| REGISTERED NUMBER: | 02570131 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Holdings Limited

| 14 All Saints Street

| Stamford

| Lincolnshire

| PE9 2PA

TRANSFORGE (U.K.) LIMITED (REGISTERED NUMBER: 02570131)

STATEMENT OF FINANCIAL POSITION

31 MARCH 2023

| 2023 | 2022 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,381,370 |  | 1,387,386 |  |

CURRENT ASSETS

Stocks | 59,191 |  | 83,266 |  |

Debtors | 5 | 1,013,827 |  | 1,100,952 |  |

Cash at bank and in hand | 2,536,754 |  | 1,639,256 |  |

3,609,772 |  | 2,823,474 |  |

CREDITORS

Amounts falling due within one year | 6 | 852,413 |  | 964,509 |  |

NET CURRENT ASSETS | 2,757,359 |  | 1,858,965 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,138,729 |  | 3,246,351 |  |

PROVISIONS FOR LIABILITIES | 57,086 |  | 43,669 |  |

NET ASSETS | 4,081,643 |  | 3,202,682 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 10,000 |  | 10,000 |  |

Retained earnings | 4,071,643 |  | 3,192,682 |  |

SHAREHOLDERS' FUNDS | 4,081,643 |  | 3,202,682 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 3 August 2023 and were signed on its behalf by:

D C Haynes - Director

TRANSFORGE (U.K.) LIMITED (REGISTERED NUMBER: 02570131)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. | STATUTORY INFORMATION

| Transforge (U.K.) 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

| 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.

| Freehold property | - | 2% on cost

| Plant and machinery | - | 20% on reducing balance

| Fixtures & equipment | - | 33% on cost and 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Stocks

| Stocks are valued at the lower of cost and fair value less costs to complete and sell after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

TRANSFORGE (U.K.) LIMITED (REGISTERED NUMBER: 02570131)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023

2. | ACCOUNTING POLICIES - continued

| Amounts recoverable under contracts

| Services provided to customers during the year, which at the statement of financial position date have not been billed to customers, have been recognised as turnover in accordance with Financial Reporting Standard 102 Section 1A. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the statement of financial position date as a proportion of the total value of the contract. Provision is made against unbilled amounts on those contracts where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors as amounts recoverable under contracts.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2022 - 20 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |  | Plant and |  | Fixtures |  | Motor |

| property |  | machinery |  | & equipment |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2022 | 1,430,849 |  | 364,271 |  | 44,625 |  | 10,995 |  | 1,850,740 |  |

| Additions | 11,119 |  | 25,109 |  | 1,590 |  | - |  | 37,818 |  |

| Disposals | - |  | (13,250 | ) | - |  | - |  | (13,250 | ) |

| At 31 March 2023 | 1,441,968 |  | 376,130 |  | 46,215 |  | 10,995 |  | 1,875,308 |  |

| DEPRECIATION

| At 1 April 2022 | 139,476 |  | 292,312 |  | 30,192 |  | 1,374 |  | 463,354 |  |

| Charge for year | 15,988 |  | 16,440 |  | 7,490 |  | 2,405 |  | 42,323 |  |

| Eliminated on disposal | - |  | (11,739 | ) | - |  | - |  | (11,739 | ) |

| At 31 March 2023 | 155,464 |  | 297,013 |  | 37,682 |  | 3,779 |  | 493,938 |  |

| NET BOOK VALUE

| At 31 March 2023 | 1,286,504 |  | 79,117 |  | 8,533 |  | 7,216 |  | 1,381,370 |  |

| At 31 March 2022 | 1,291,373 |  | 71,959 |  | 14,433 |  | 9,621 |  | 1,387,386 |  |

| Included in cost of land and buildings is freehold land of £ 578,454 (2022 - £ 578,454 ) which is not depreciated.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Trade debtors | 885,483 |  | 931,877 |  |

| Amounts recoverable on contract | 114,414 |  | 128,554 |  |

| Other debtors | 880 |  | 1,379 |  |

| Directors' current accounts | 6,918 |  | 1,206 |  |

| Prepayments | 6,132 |  | 37,936 |  |

1,013,827 |  | 1,100,952 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Trade creditors | 362,669 |  | 654,709 |  |

| Other taxes and social security | 462,364 |  | 277,428 |  |

| Other creditors | 16,745 |  | 14,299 |  |

| Accrued expenses | 10,635 |  | 18,073 |  |

852,413 |  | 964,509 |  |

TRANSFORGE (U.K.) LIMITED (REGISTERED NUMBER: 02570131)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2023 | 2022 |

| value: | £ | £ |

| 5,000 | 'A' Ordinary | £1 | 5,000 |  | 5,000 |  |

| 5,000 | 'B ' Ordinary | £1 | 5,000 |  | 5,000 |  |

10,000 |  | 10,000 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 | 2022 |

£ | £ |

| G D Haynes

| Balance outstanding at start of year | - |  | 19,000 |  |

| Amounts repaid | - |  | (19,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | - |  | - |  |

| S C Haynes

| Balance outstanding at start of year | 1,206 |  | - |  |

| Amounts advanced | 6,981 |  | 1,206 |  |

| Amounts repaid | (1,206 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 6,981 |  | 1,206 |  |

| The loans made were unsecured, interest free and repayable on demand.

9. | PENSION CONTRIBUTIONS

| The company paid £73,000 in to self invested pensions during the year with a view to potentially purchasing company assets to assist with development of the business.