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REGISTERED NUMBER: 11943252 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

TRANSFLOW LOGISTICS LTD

TRANSFLOW LOGISTICS LTD (REGISTERED NUMBER: 11943252)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRANSFLOW LOGISTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J H Herring
B E Herring
M J Treleaven
Miss C Armstrong - Smith





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 11943252 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

TRANSFLOW LOGISTICS LTD (REGISTERED NUMBER: 11943252)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,631 10,724

CURRENT ASSETS
Debtors 5 1,557,517 1,167,801
Cash at bank 1,166,665 514,212
2,724,182 1,682,013
CREDITORS
Amounts falling due within one year 6 1,812,897 1,048,256
NET CURRENT ASSETS 911,285 633,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

918,916

644,481

PROVISIONS FOR LIABILITIES 7 1,760 2,541
NET ASSETS 917,156 641,940

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 917,056 641,840
SHAREHOLDERS' FUNDS 917,156 641,940

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 1 August 2024 and were signed on its behalf by:





M J Treleaven - Director


TRANSFLOW LOGISTICS LTD (REGISTERED NUMBER: 11943252)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Transflow Logistics Ltd 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. 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.

Turnover
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from services relating to freight transport is recognised when the products have been delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

TRANSFLOW LOGISTICS LTD (REGISTERED NUMBER: 11943252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 9,053 11,235 20,288
Additions - 2,390 2,390
Disposals (1,509 ) - (1,509 )
At 30 April 2024 7,544 13,625 21,169
DEPRECIATION
At 1 May 2023 1,778 7,786 9,564
Charge for year 1,638 2,972 4,610
Eliminated on disposal (636 ) - (636 )
At 30 April 2024 2,780 10,758 13,538
NET BOOK VALUE
At 30 April 2024 4,764 2,867 7,631
At 30 April 2023 7,275 3,449 10,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,537,395 1,147,131
Other debtors 20,122 20,670
1,557,517 1,167,801

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,652,332 884,993
Taxation and social security 129,932 124,118
Other creditors 30,633 39,145
1,812,897 1,048,256

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,760 2,541

TRANSFLOW LOGISTICS LTD (REGISTERED NUMBER: 11943252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 May 2023 2,541
Credit to Statement of Income and Retained Earnings during year (781 )
Balance at 30 April 2024 1,760

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year the following transactions were made with Wineflow Freight Forwarding Limited, a company with a mutual shareholder and director.

20242023
££
Sales9,4955,500
Recharged expenses from Wineflow Freight Forwarding Limited1,20021,077
Management fees incurred34,10432,500

During the year the following transactions were made with Wineflow Clearance Limited, a company with a mutual shareholder and director.

20242023
££
Recharged expensed from Wineflow Clearance Limited-950