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REGISTERED NUMBER: 02098840 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

TRANS-WEB LIMITED

TRANS-WEB LIMITED (REGISTERED NUMBER: 02098840)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRANS-WEB LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr L A Wrigley
Mr I S Doughty





REGISTERED OFFICE: Sarena House
Vulcan Street
Oldham
OL1 4LQ





REGISTERED NUMBER: 02098840 (England and Wales)

TRANS-WEB LIMITED (REGISTERED NUMBER: 02098840)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,763 85,010
Investments 5 3 3
92,766 85,013

CURRENT ASSETS
Stocks 394,697 366,595
Debtors 6 567,448 542,611
Cash at bank and in hand 387,737 304,439
1,349,882 1,213,645
CREDITORS
Amounts falling due within one year 7 467,493 435,002
NET CURRENT ASSETS 882,389 778,643
TOTAL ASSETS LESS CURRENT
LIABILITIES

975,155

863,656

PROVISIONS FOR LIABILITIES 23,191 21,253
NET ASSETS 951,964 842,403

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 947,964 838,403
SHAREHOLDERS' FUNDS 951,964 842,403

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Mr L A Wrigley - Director


TRANS-WEB LIMITED (REGISTERED NUMBER: 02098840)

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

1. STATUTORY INFORMATION

Trans-Web 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.

2. ACCOUNTING POLICIES

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

The functional and presentation currency of these financial statements is pound sterling.

Preparation of consolidated financial statements
The financial statements contain information about Trans-Web Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents amounts receivable for goods and the fair value of services provided during the year. Turnover is recognised as contract activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be recoverable from clients. Turnover excludes value added tax.

Tangible assets
Tangible assets are recorded at cost less accumulated depreciation. Cost includes the original purchase price of the asset plus costs attributable to bringing the asset to its working condition for its intended use. Depreciation on other assets is charged from the time when tangible assets are brought into use and is calculated so as to write off the cost of fixed assets, less their estimated residual values, over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are as follows:

Plant and machinery etc- 25 - 33% reducing balance and 25% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recorded at cost less accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

TRANS-WEB LIMITED (REGISTERED NUMBER: 02098840)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employee benefits
Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

Defined contribution pension schemes
The company operates defined contribution pension schemes for its employees. Contributions are recognised as an expense when they are due. Amounts not paid are included in other creditors in the balance sheet.

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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts, where applicable, are shown within borrowings in current liabilities.

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.

3. EMPLOYEES

The average number of employees during the year was 30 (2022 - 30 ) .

4. TANGIBLE ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 466,566
Additions 37,474
Disposals (44,350 )
At 31 August 2023 459,690
DEPRECIATION
At 1 September 2022 381,556
Charge for year 26,560
Eliminated on disposal (41,189 )
At 31 August 2023 366,927
NET BOOK VALUE
At 31 August 2023 92,763
At 31 August 2022 85,010

TRANS-WEB LIMITED (REGISTERED NUMBER: 02098840)

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

5. INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 3
NET BOOK VALUE
At 31 August 2023 3
At 31 August 2022 3

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 509,287 497,647
Amounts owed by associates 10,562 -
Other debtors 47,599 44,964
567,448 542,611

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 294,541 281,963
Amounts owed to group undertakings 80 106
Amounts owed to associates 2,998 2,384
Taxation and social security 121,609 111,329
Other creditors 48,265 39,220
467,493 435,002

8. PENSION COMMITMENTS

At 31 August 2023, included in other creditors falling due within one year are unpaid contributions of £3,197 (2022 - £3,446) due to a defined contribution pension scheme.

9. CONTINGENT LIABILITIES

The company has provided security by way of a debenture for certain liabilities of the parent company, WM Web Holdings Limited, until they are settled in full. The relevant liabilities of WM Web Holdings Limited at the balance sheet date was £nil (2022 - £64,468).

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had total financial commitments which are not included in the balance sheet of £465,979 (2022 - £396,000), of which an amount of £97,670 (2022 - £66,000) is committed to be paid within one year.

11. RELATED PARTY DISCLOSURES

The company is an associate of Resolute Corporate Holdings Limited. During the year the company entered into transactions with companies within the Resolute Corporate Holdings Group as follows:

2023 2022
£ £
Sales to associated companies55,537 16,898
Purchases from associated companies17,923 16,575
Amounts owed by associated companies10,562 -
Amounts owed to associated companies2,998 2,384

TRANS-WEB LIMITED (REGISTERED NUMBER: 02098840)

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

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is WM Web Holdings Limited.