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REGISTERED NUMBER: 11478876 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

TRANS4RM CONSULTING LIMITED

TRANS4RM CONSULTING LIMITED (REGISTERED NUMBER: 11478876)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRANS4RM CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: J A Alli-Balogun
O Alli-Balogun





REGISTERED OFFICE: Room 73, Wrest House
Wrest Park
Silsoe
Bedford
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 11478876 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

TRANS4RM CONSULTING LIMITED (REGISTERED NUMBER: 11478876)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 66,748 5,375
Investments 6 - -
66,748 5,375

CURRENT ASSETS
Debtors 7 95,125 195,440
Cash at bank 4,932 17,907
100,057 213,347
CREDITORS
Amounts falling due within one year 8 100,117 131,507
NET CURRENT (LIABILITIES)/ASSETS (60 ) 81,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,688

87,215

CREDITORS
Amounts falling due after more than one year 9 (73,265 ) (38,925 )

PROVISIONS FOR LIABILITIES 10 (12,682 ) (1,021 )
NET (LIABILITIES)/ASSETS (19,259 ) 47,269

CAPITAL AND RESERVES
Called up share capital 11 10 10
Retained earnings (19,269 ) 47,259
SHAREHOLDERS' FUNDS (19,259 ) 47,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





J A Alli-Balogun - Director


TRANS4RM CONSULTING LIMITED (REGISTERED NUMBER: 11478876)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Trans4rm Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures, fittings and equipment - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

TRANS4RM CONSULTING LIMITED (REGISTERED NUMBER: 11478876)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

3. ACCOUNTING POLICIES - continued

Business bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
Cost
At 1 August 2022 400 - 5,575 5,975
Additions 22,224 59,290 - 81,514
At 31 July 2023 22,624 59,290 5,575 87,489
Depreciation
At 1 August 2022 400 - 200 600
Charge for year 3,924 14,823 1,394 20,141
At 31 July 2023 4,324 14,823 1,594 20,741
Net book value
At 31 July 2023 18,300 44,467 3,981 66,748
At 31 July 2022 - - 5,375 5,375

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
Cost
Additions 59,290
At 31 July 2023 59,290
Depreciation
Charge for year 14,823
At 31 July 2023 14,823
Net book value
At 31 July 2023 44,467

TRANS4RM CONSULTING LIMITED (REGISTERED NUMBER: 11478876)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 August 2022
and 31 July 2023 536
Provisions
At 1 August 2022
and 31 July 2023 536
Net book value
At 31 July 2023 -
At 31 July 2022 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 18,900
Other debtors 52,820 52,322
Directors' loan account 42,305 124,218
95,125 195,440

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,078 5,078
Finance leases 5,817 -
Trade creditors 82 6,737
Corporation tax 32,673 46,943
Social security and other taxes 3,361 1,309
VAT 51,106 69,440
Accrued expenses 2,000 2,000
100,117 131,507

Obligations held under finance lease contracts are secured on the assets concerned.

The company undertook a Business Bounce Back Loan with interest being charged at 2.5% per annum. The loan is unsecured, being guaranteed in full by the government under the Business Bounce Back Loan facility.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 34,640 38,925
Finance leases 38,625 -
73,265 38,925

Obligations held under finance lease contracts are secured on the assets concerned.

The company undertook a Business Bounce Back Loan with interest being charged at 2.5% per annum. The loan is unsecured, being guaranteed in full by the government under the Business Bounce Back Loan facility.

TRANS4RM CONSULTING LIMITED (REGISTERED NUMBER: 11478876)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 12,682 1,021

Deferred
tax
£   
Balance at 1 August 2022 1,021
Capital allowances in excess
of depreciation 11,661
Balance at 31 July 2023 12,682

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5 Ordinary A £1 5 5
5 Ordinary B £1 5 5
10 10

Both Ordinary A and Ordinary B shares rank pari passu in all respects.

12. RELATED PARTY DISCLOSURES

Included within debtors is an amount of £42,305 (2022: £124,218) due to the company from J A Alli-Balogun, director. During the year advances of £264,369 and repayments of £223,691 were made in respect of this loan. During the year interest of £1,627 (2022: £5,915) at a rate of 4% (2022: 5%) was charged on this balance. This balance was cleared by way of post year dividend.