2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 94,221 94,220 1 1 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 02986765 2023-05-01 2024-04-30 02986765 2024-04-30 02986765 2023-04-30 02986765 2022-05-01 2023-04-30 02986765 2023-04-30 02986765 2022-04-30 02986765 core:PlantMachinery 2023-05-01 2024-04-30 02986765 bus:Director1 2023-05-01 2024-04-30 02986765 core:NetGoodwill 2024-04-30 02986765 core:PlantMachinery 2024-04-30 02986765 core:WithinOneYear 2024-04-30 02986765 core:WithinOneYear 2023-04-30 02986765 core:ShareCapital 2024-04-30 02986765 core:ShareCapital 2023-04-30 02986765 core:SharePremium 2024-04-30 02986765 core:SharePremium 2023-04-30 02986765 core:RetainedEarningsAccumulatedLosses 2024-04-30 02986765 core:RetainedEarningsAccumulatedLosses 2023-04-30 02986765 core:NetGoodwill 2023-04-30 02986765 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 02986765 core:Non-currentFinancialInstruments 2024-04-30 02986765 core:Non-currentFinancialInstruments 2023-04-30 02986765 core:PlantMachinery 2023-04-30 02986765 bus:SmallEntities 2023-05-01 2024-04-30 02986765 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 02986765 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 02986765 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02986765 bus:FullAccounts 2023-05-01 2024-04-30 02986765 core:NetGoodwill 2023-05-01 2024-04-30 02986765 core:OfficeEquipment 2023-05-01 2024-04-30 02986765 core:OfficeEquipment 2024-04-30 02986765 core:OfficeEquipment 2023-04-30
COMPANY REGISTRATION NUMBER: 02986765
Transco Blanx Limited
Filleted Unaudited Financial Statements
30 April 2024
Transco Blanx Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
1
1
Tangible assets
6
40,573
55,104
Investments
7
100
100
--------
--------
40,674
55,205
Current assets
Stocks
33,471
26,949
Debtors
8
1,241
6,099
Cash at bank and in hand
23,068
38,549
--------
--------
57,780
71,597
Creditors: amounts falling due within one year
9
29,772
37,681
--------
--------
Net current assets
28,008
33,916
--------
--------
Total assets less current liabilities
68,682
89,121
Provisions
Taxation including deferred tax
4,862
7,389
--------
--------
Net assets
63,820
81,732
--------
--------
Capital and reserves
Called up share capital
8,950
8,950
Share premium account
9,435
9,435
Profit and loss account
45,435
63,347
--------
--------
Shareholders funds
63,820
81,732
--------
--------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Transco Blanx Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 7 August 2024 , and are signed on behalf of the board by:
P G J Rooke
Director
Company registration number: 02986765
Transco Blanx Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 176 Brighton Road, Coulsdon, Surrey, CR5 2NF, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Over 5 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
25% straight line
Equipment
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 May 2023 and 30 April 2024
94,221
--------
Amortisation
At 1 May 2023 and 30 April 2024
94,220
--------
Carrying amount
At 30 April 2024
1
--------
At 30 April 2023
1
--------
6. Tangible assets
Plant and machinery
Office equipment
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
53,239
6,695
59,934
--------
-------
--------
Depreciation
At 1 May 2023
4,830
4,830
Charge for the year
13,310
1,221
14,531
--------
-------
--------
At 30 April 2024
13,310
6,051
19,361
--------
-------
--------
Carrying amount
At 30 April 2024
39,929
644
40,573
--------
-------
--------
At 30 April 2023
53,239
1,865
55,104
--------
-------
--------
7. Investments
Shares in group undertakings
£
Cost
At 1 May 2023 and 30 April 2024
100
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
100
----
At 30 April 2023
100
----
Transco Blanx Limited own 100% of the shares of Britemax Limited (Company Number 07479884) at a total cost of £100 (2023 - £100).
8. Debtors
2024
2023
£
£
Trade debtors
1,230
297
Other debtors
11
5,802
-------
-------
1,241
6,099
-------
-------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,872
4,338
Corporation tax
1,478
Social security and other taxes
566
624
Other creditors
25,856
32,719
--------
--------
29,772
37,681
--------
--------
10. Directors' advances, credits and guarantees
The company is controlled by Mr M G Rooke who owns 50%, Mr P G J Rooke who owns 25% and Mrs J M Rooke who owns 25% of the share capital. At 30 April 2024 Transco Blanx Limited owed Mr P G J Rooke & Mrs J M Rooke £14,317 (2023: £17,185)and Mr M G Rooke £8,132 (2023: £12,801). These amounts are included in creditors.