Registered number
03119842
Transitions Europe
Filleted Accounts
31 October 2023
Transitions Europe
Registered number: 03119842
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 10,605 285
Cash at bank and in hand 21,283 36,124
31,888 36,409
Creditors: amounts falling due within one year 4 (14,092) (23,899)
Net current assets 17,796 12,510
Net assets 17,796 12,510
Capital and reserves
Profit and loss account 17,796 12,510
Shareholder's funds 17,796 12,510
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Katja Layer-Segal / Clare Denese Lunan
Director
Approved by the board on 05.05.2024
Transitions Europe
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Other debtors 10,605 285
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,933 23,529
Other creditors 6,159 370
14,092 23,899
5 Other information
Transitions Europe is a private company limited by shares and incorporated in England. Its registered office is:
42 Prospect Street
Caversham
Reading
RG4 8JL
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