Company Registration No. 05693707 (England and Wales)
Transltr Ltd
Unaudited accounts
for the year ended 28 February 2023
Transltr Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
4,095
7,356
Inventories
132,124
93,718
Cash at bank and in hand
164,220
195,946
Creditors: amounts falling due within one year
(304,258)
(335,143)
Net current assets
42,582
34,024
Total assets less current liabilities
46,677
41,380
Creditors: amounts falling due after more than one year
(2,241)
-
Provisions for liabilities
Called up share capital
3
3
Profit and loss account
43,655
39,979
Shareholders' funds
43,658
39,982
For the year ending 28 February 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 14 November 2023 and were signed on its behalf by
Mr Zakir Jussab
Director
Company Registration No. 05693707
Transltr Ltd
Notes to the Accounts
for the year ended 28 February 2023
Transltr Ltd is a private company, limited by shares, registered in England and Wales, registration number 05693707. The registered office is Dock, 101, 75 Exploration Drive, Leicester, LE4 5NU.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% straight line
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Transltr Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2022
13,436
7,492
20,928
Disposals
(7,858)
-
(7,858)
At 28 February 2023
5,578
7,492
13,070
At 1 March 2022
9,826
3,746
13,572
Charge for the year
1,388
1,873
3,261
On disposals
(7,858)
-
(7,858)
At 28 February 2023
3,356
5,619
8,975
At 28 February 2023
2,222
1,873
4,095
At 28 February 2022
3,610
3,746
7,356
Amounts falling due within one year
Trade debtors
50,168
78,648
Accrued income and prepayments
328
855
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
243,861
232,704
Taxes and social security
26,896
15,177
Other creditors
12,000
37,000
Loans from directors
15,120
40,120
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
2,241
-
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
Transltr Ltd
Notes to the Accounts
for the year ended 28 February 2023
9
Operating lease commitments
2023
2022
At 28 February 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
36,000
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).