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REGISTERED NUMBER: 04983349 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TRANSVEND LIMITED

TRANSVEND LIMITED (REGISTERED NUMBER: 04983349)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


TRANSVEND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I G C James
N I S James
A James





SECRETARY: A James





REGISTERED OFFICE: Ground Floor, Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 04983349 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

TRANSVEND LIMITED (REGISTERED NUMBER: 04983349)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,100 7,516
Tangible assets 5 904,668 921,560
911,768 929,076

CURRENT ASSETS
Stocks 6 152,000 215,000
Debtors 7 172,137 225,061
Cash at bank 219,794 183,972
543,931 624,033
CREDITORS
Amounts falling due within one year 8 188,812 273,587
NET CURRENT ASSETS 355,119 350,446
TOTAL ASSETS LESS CURRENT LIABILITIES 1,266,887 1,279,522

CREDITORS
Amounts falling due after more than one
year

9

(325,888

)

(397,440

)

PROVISIONS FOR LIABILITIES 11 (5,200 ) (6,743 )
NET ASSETS 935,799 875,339

CAPITAL AND RESERVES
Called up share capital 12 2,500 2,500
Retained earnings 933,299 872,839
SHAREHOLDERS' FUNDS 935,799 875,339

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

TRANSVEND LIMITED (REGISTERED NUMBER: 04983349)

BALANCE SHEET - continued
31 DECEMBER 2023


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 14 August 2024 and were signed on its behalf by:




I G C James - Director



N I S James - Director


TRANSVEND LIMITED (REGISTERED NUMBER: 04983349)

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


1. STATUTORY INFORMATION

Transvend 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Over remaining period of the lease
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

TRANSVEND LIMITED (REGISTERED NUMBER: 04983349)

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


2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 8,316
AMORTISATION
At 1 January 2023 800
Charge for year 416
At 31 December 2023 1,216
NET BOOK VALUE
At 31 December 2023 7,100
At 31 December 2022 7,516

TRANSVEND LIMITED (REGISTERED NUMBER: 04983349)

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


5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2023 897,174 7,507 16,998
Additions - - -
At 31 December 2023 897,174 7,507 16,998
DEPRECIATION
At 1 January 2023 9,969 123 7,437
Charge for year 9,968 751 2,390
At 31 December 2023 19,937 874 9,827
NET BOOK VALUE
At 31 December 2023 877,237 6,633 7,171
At 31 December 2022 887,205 7,384 9,561

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 32,323 22,623 976,625
Additions 760 - 760
At 31 December 2023 33,083 22,623 977,385
DEPRECIATION
At 1 January 2023 20,580 16,956 55,065
Charge for year 3,126 1,417 17,652
At 31 December 2023 23,706 18,373 72,717
NET BOOK VALUE
At 31 December 2023 9,377 4,250 904,668
At 31 December 2022 11,743 5,667 921,560

6. STOCKS
2023 2022
£    £   
Stocks 152,000 215,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 171,782 222,255
Other debtors 355 2,806
172,137 225,061

TRANSVEND LIMITED (REGISTERED NUMBER: 04983349)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,245 29,225
Trade creditors 80,829 70,593
Taxation and social security 53,723 60,235
Other creditors 22,015 113,534
188,812 273,587

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 325,888 397,440

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 358,133 426,665

Bank loans are secured by a fixed and floating charge over the company's assets.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 5,200 6,743

Deferred
tax
£   
Balance at 1 January 2023 6,743
Provided during year (1,543 )
Balance at 31 December 2023 5,200

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
938 Ordinary A Shares £1 938 938
625 Ordinary B Shares £1 625 625
937 Ordinary C Shares £1 937 937
2,500 2,500

TRANSVEND LIMITED (REGISTERED NUMBER: 04983349)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operated directors' current accounts during the year. At the year end the directors were owed £18,615 (2022: £110,384).

14. ULTIMATE CONTROLLING PARTY

There is no overall controlling party.