Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01truefalseElectrical services for concerts and exhibitions22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05722917 2022-04-01 2023-03-31 05722917 2021-04-01 2022-03-31 05722917 2023-03-31 05722917 2022-03-31 05722917 2021-04-01 05722917 c:Director1 2022-04-01 2023-03-31 05722917 d:MotorVehicles 2022-04-01 2023-03-31 05722917 d:MotorVehicles 2023-03-31 05722917 d:MotorVehicles 2022-03-31 05722917 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05722917 d:FurnitureFittings 2022-04-01 2023-03-31 05722917 d:OfficeEquipment 2022-04-01 2023-03-31 05722917 d:OfficeEquipment 2023-03-31 05722917 d:OfficeEquipment 2022-03-31 05722917 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05722917 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 05722917 d:Goodwill 2023-03-31 05722917 d:Goodwill 2022-03-31 05722917 d:CurrentFinancialInstruments 2023-03-31 05722917 d:CurrentFinancialInstruments 2022-03-31 05722917 d:Non-currentFinancialInstruments 2023-03-31 05722917 d:Non-currentFinancialInstruments 2022-03-31 05722917 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 05722917 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 05722917 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 05722917 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 05722917 d:ShareCapital 2023-03-31 05722917 d:ShareCapital 2022-03-31 05722917 d:RetainedEarningsAccumulatedLosses 2023-03-31 05722917 d:RetainedEarningsAccumulatedLosses 2022-03-31 05722917 c:FRS102 2022-04-01 2023-03-31 05722917 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 05722917 c:FullAccounts 2022-04-01 2023-03-31 05722917 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05722917 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 05722917 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 05722917










TRANSMITTA LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
TRANSMITTA LIMITED
REGISTERED NUMBER: 05722917

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
10,359
12,069

Current assets
  

Debtors: amounts falling due within one year
 6 
20,520
14,541

Cash at bank and in hand
  
16,785
9,073

  
37,305
23,614

Creditors: amounts falling due within one year
 7 
(38,458)
(13,656)

Net current (liabilities)/assets
  
 
 
(1,153)
 
 
9,958

Creditors: amounts falling due after more than one year
 8 
(14,584)
(19,583)

Provisions for liabilities
  

Deferred tax
 9 
(1,968)
(2,293)

Net (liabilities)/assets
  
(7,346)
151


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(7,446)
51

  
(7,346)
151


Page 1

 
TRANSMITTA LIMITED
REGISTERED NUMBER: 05722917
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2023.


W A Allard
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TRANSMITTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Transmitta Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 05722917). Its registered office is 33 Springbank Road, Chesterfield, Derbyshire, S40 1NL. The principal activity of the Company throughout the year continued to be that of the supply of electrical services for concerts and exhibitions. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the
company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the ability of the company to generate profits in the
future. The directors believe this to be well founded, based on current and expected future levels of
activity. The financial statements do not include any adjustments that would result if sufficient profits
were not generated.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TRANSMITTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Motor vehicles
-
15% straight line
Fixtures and fittings
-
20% reducing balance
Equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically tradepayables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction,  the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Government grants

Grants relating to expenditure on tangible fixed assets are credited to the Statement of Income and Retained Earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 4

 
TRANSMITTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
32,000



At 31 March 2023

32,000



Amortisation


At 1 April 2022
32,000



At 31 March 2023

32,000



Net book value



At 31 March 2023
-



At 31 March 2022
-



Page 5

 
TRANSMITTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Motor vehicles
Equipment
Total

£
£
£



Cost 


At 1 April 2022
11,495
2,863
14,358


Additions
-
399
399



At 31 March 2023

11,495
3,262
14,757



Depreciation


At 1 April 2022
862
1,427
2,289


Charge for the year on owned assets
1,724
385
2,109



At 31 March 2023

2,586
1,812
4,398



Net book value



At 31 March 2023
8,909
1,450
10,359



At 31 March 2022
10,633
1,436
12,069


6.


Debtors

2023
2022
£
£


Trade debtors
6,338
-

Other debtors
13,435
13,713

Prepayments and accrued income
747
828

20,520
14,541


Page 6

 
TRANSMITTA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,000
5,000

Trade creditors
26,663
-

Corporation tax
1,755
1,675

Other taxation and social security
1,944
4,116

Other creditors
3,096
2,865

38,458
13,656



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,584
19,583



9.


Deferred taxation




2023
2022


£

£






At beginning of year
2,293
-


Charged to profit or loss
(325)
2,293



At end of year
1,968
2,293

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
1,968
2,293

 
Page 7