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Registered Number: 14115095
England and Wales

 

 

 

TRANSFORMATIONAL ENERGY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 18 May 2022

End date: 31 May 2023
 
 
Notes
 
2023
£
Fixed assets    
Intangible fixed assets 3 9,556 
Tangible fixed assets 4 16,178 
25,734 
Current assets    
Debtors 3,025 
Cash at bank and in hand 14,147 
17,172 
Creditors: amount falling due within one year (66,392)
Net current liabilities (49,220)
 
Total assets less current liabilities (23,486)
Net liabilities (23,486)
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account (23,586)
Shareholder's funds (23,486)
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 February 2024 and were signed by:


-------------------------------
Chetan Laddha
Director
1
General Information
TRANSFORMATIONAL ENERGY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14115095, registration address Kemp House, 152 - 160 City Road, , London, EC1V 2NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Research and development expenditure
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Furniture and Fixtures - 25% Straight Line Method
2.

Average number of employees

Average number of employees during the period was 2.
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 18 May 2022  
Additions 10,000    10,000 
Disposals  
At 31 May 2023 10,000    10,000 
Amortisation
At 18 May 2022  
Charge for period 444    444 
On disposals  
At 31 May 2023 444    444 
Net book values
At 31 May 2023 9,556    9,556 
At 17 May 2022  


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 18 May 2022    
Additions 17,150    135    17,285 
Disposals    
At 31 May 2023 17,150    135    17,285 
Depreciation
At 18 May 2022    
Charge for period 1,081    26    1,107 
On disposals    
At 31 May 2023 1,081    26    1,107 
Net book values
Closing balance as at 31 May 2023 16,069    109    16,178 
Opening balance as at 18 May 2022    


2