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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
Page
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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
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TRANSITIONAL SOLUTIONS LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
455,439 
454,837 
Current assets
Debtors
16,628 
14,244 
Cash at bank and in hand
30,090 
28,949 
46,718 
43,193 
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 
Capital and reserves
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
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TRANSITIONAL SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
5 years
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 
Additions
- 
- 
1,441 
1,441 
At 31 March 2023
453,178 
1,349 
3,529 
458,056 
Depreciation
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 
Net book value
At 31 March 2023
453,178 
382 
1,879 
455,439 
At 31 March 2022
453,178 
652 
1,007 
454,837 
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TRANSITIONAL SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,896 
512 
Other debtors
13,732 
13,732 
16,628 
14,244 
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 
Accruals
720 
300 
74,013 
76,279 
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).
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