1 April 2022 false No description of principal activity Taxfiler 2023.10 03254431business:PrivateLimitedCompanyLtd2022-04-012023-03-31 032544312022-03-31 032544312022-04-012023-03-31 03254431business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 03254431business:FilletedAccounts2022-04-012023-03-31 032544312023-03-31 03254431business:Director12022-04-012023-03-31 03254431business:Director22022-04-012023-03-31 03254431business:Director32022-04-012023-03-31 03254431business:RegisteredOffice2022-04-012023-03-31 032544312022-03-31 03254431core:WithinOneYear2023-03-31 03254431core:WithinOneYear2022-03-31 03254431core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 03254431core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 03254431core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-03-31 03254431core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-03-31 03254431core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 03254431core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 03254431core:PreviouslyStatedAmount2023-03-31 03254431core:PreviouslyStatedAmount2022-03-31 03254431business:SmallEntities2022-04-012023-03-31 03254431countries:EnglandWales2022-04-012023-03-31 03254431core:MotorVehicles2022-04-012023-03-31 03254431core:FurnitureFittings2022-04-012023-03-31 03254431core:MotorVehicles2022-03-31 03254431core:FurnitureFittings2022-03-31 03254431core:MotorVehicles2023-03-31 03254431core:FurnitureFittings2023-03-31 03254431core:AcceleratedTaxDepreciationDeferredTax2023-03-31 03254431core:AcceleratedTaxDepreciationDeferredTax2022-03-31 032544312021-03-31 032544312021-04-012022-03-31 03254431business:OrdinaryShareClass12022-04-012023-03-31 03254431business:OrdinaryShareClass12021-04-012022-03-31 03254431business:OrdinaryShareClass22022-04-012023-03-31 03254431business:OrdinaryShareClass22021-04-012022-03-31 03254431business:AllOrdinaryShares2022-04-012023-03-31 03254431business:AllOrdinaryShares2021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 03254431 (England and Wales)
Transfer 2000 Limited Unaudited accounts for the year ended 31 March 2023
Transfer 2000 Limited Unaudited accounts Contents
Page
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Transfer 2000 Limited Company Information for the year ended 31 March 2023
Directors
Clare Nehammer Laura Hayes Benjamin Holder
Company Number
03254431 (England and Wales)
Registered Office
2C Longfield Road Tunbridge Wells Kent TN2 3EY
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Transfer 2000 Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,692 
58,553 
Current assets
Debtors
123,554 
113,268 
Cash at bank and in hand
504,510 
710,891 
628,064 
824,159 
Creditors: amounts falling due within one year
(102,691)
(97,653)
Net current assets
525,373 
726,506 
Total assets less current liabilities
571,065 
785,059 
Provisions for liabilities
Deferred tax
(11,423)
(11,125)
Net assets
559,642 
773,934 
Capital and reserves
Called up share capital
1 
2 
Capital redemption reserve
1 
- 
Profit and loss account
559,640 
773,932 
Shareholders' funds
559,642 
773,934 
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 25 May 2023 and were signed on its behalf by
Laura Hayes Director Company Registration No. 03254431
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Transfer 2000 Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Transfer 2000 Limited is a private company, limited by shares, registered in England and Wales, registration number 03254431. The registered office is 2C Longfield Road, Tunbridge Wells, Kent, TN2 3EY.
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.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Transfer 2000 Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
100,544 
14,817 
115,361 
Additions
- 
1,791 
1,791 
Disposals
- 
(1,291)
(1,291)
At 31 March 2023
100,544 
15,317 
115,861 
Depreciation
At 1 April 2022
47,170 
9,638 
56,808 
Charge for the year
13,344 
1,086 
14,430 
On disposals
- 
(1,069)
(1,069)
At 31 March 2023
60,514 
9,655 
70,169 
Net book value
At 31 March 2023
40,030 
5,662 
45,692 
At 31 March 2022
53,374 
5,179 
58,553 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
110,874 
99,641 
Accrued income and prepayments
5,480 
3,527 
Other debtors
7,200 
10,100 
123,554 
113,268 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,196 
7,543 
Trade creditors
34,629 
49,224 
Taxes and social security
43,040 
24,623 
Other creditors
1,057 
7,002 
Loans from directors
311 
116 
Accruals
16,458 
9,145 
102,691 
97,653 
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Transfer 2000 Limited Notes to the Accounts for the year ended 31 March 2023
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
11,423 
11,125 
2023 
2022 
£ 
£ 
Provision at start of year
11,125 
15,631 
Charged/(credited) to the profit and loss account
298 
(4,506)
Provision at end of year
11,423 
11,125 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
51 Ordinary A shares of £0.02 each
1.02 
1.48 
- Ordinary B shares of £0.02 each
- 
0.52 
1.02 
2.00 
9
Transactions with related parties
Share buyback: During the year, a share buyback and cancellation took place of 23 Ordinary A shares and 26 Ordinary B shares previously owned by Anthony Whittaker dec'd, a former director. The consideration for the buyback was £355,422 and was paid out of the profit and loss account reserves. Loans from directors: C Nehammer was owed £311 (2022 £116) by the company at the year-end.
10
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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