Company Registration No. 10675626 (England and Wales)
TRANSITIONAL SOLUTIONS LTD
Unaudited accounts
for the year ended 31 March 2023
TRANSITIONAL SOLUTIONS LTD
Unaudited accounts
Contents
TRANSITIONAL SOLUTIONS LTD
Company Information
for the year ended 31 March 2023
Directors
Benjamin Kennedy Thomas
Huw Thomas
Denise Thomas
Company Number
10675626 (England and Wales)
Registered Office
Rock Cottage
Fonmon
Barry
CF62 3BJ
Wales
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
TRANSITIONAL SOLUTIONS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
455,439
454,837
Cash at bank and in hand
30,090
28,949
Creditors: amounts falling due within one year
(74,013)
(76,279)
Net current liabilities
(27,295)
(33,086)
Total assets less current liabilities
428,144
421,751
Creditors: amounts falling due after more than one year
(185,994)
(186,000)
Net assets
242,150
235,751
Called up share capital
2
2
Profit and loss account
242,148
235,749
Shareholders' funds
242,150
235,751
For the year ending 31 March 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by
Huw Thomas
Director
Company Registration No. 10675626
TRANSITIONAL SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
TRANSITIONAL SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10675626. The registered office is Rock Cottage, Fonmon, Barry, CF62 3BJ, Wales.
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:
Fixtures & fittings
5 years
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
453,178
1,349
2,088
456,615
At 31 March 2023
453,178
1,349
3,529
458,056
At 1 April 2022
-
697
1,081
1,778
Charge for the year
-
270
569
839
At 31 March 2023
-
967
1,650
2,617
At 31 March 2023
453,178
382
1,879
455,439
At 31 March 2022
453,178
652
1,007
454,837
TRANSITIONAL SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Other debtors
13,732
13,732
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,360
1,332
Loans from directors
71,933
74,647
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
185,994
186,000
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).