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REGISTERED NUMBER: 05641285 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Transient Designs Ltd

Transient Designs Ltd (Registered number: 05641285)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Transient Designs Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Marsh





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





REGISTERED NUMBER: 05641285 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Transient Designs Ltd (Registered number: 05641285)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,066 5,764

CURRENT ASSETS
Debtors 5 635 3,644
Cash at bank 66,522 47,300
67,157 50,944
CREDITORS
Amounts falling due within one year 6 16,157 8,999
NET CURRENT ASSETS 51,000 41,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,066

47,709

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 56,065 47,708
SHAREHOLDERS' FUNDS 56,066 47,709

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





K Marsh - Director


Transient Designs Ltd (Registered number: 05641285)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Transient Designs 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 18% on reducing balance
Computer equipment - straight line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Transient Designs Ltd (Registered number: 05641285)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 6,120 4,209 2,315 12,644
Additions - - 1,097 1,097
At 31 December 2023 6,120 4,209 3,412 13,741
DEPRECIATION
At 1 January 2023 1,477 3,938 1,465 6,880
Charge for year 773 49 973 1,795
At 31 December 2023 2,250 3,987 2,438 8,675
NET BOOK VALUE
At 31 December 2023 3,870 222 974 5,066
At 31 December 2022 4,643 271 850 5,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 2,769
Other debtors 635 875
635 3,644

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,025 975
Tax 13,890 7,483
Directors' current accounts 1,242 541
16,157 8,999

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

Transient Designs Ltd (Registered number: 05641285)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RESERVES
Retained
earnings
£   

At 1 January 2023 47,708
Profit for the year 54,357
Dividends (46,000 )
At 31 December 2023 56,065

9. RELATED PARTY DISCLOSURES

During the year the director, Mr K Marsh, made net deposits to his account of £701. The balance on his account at 31 December 2023 was £1,242 in credit (2022 - £541 in credit).

Also during the year Mr K Marsh received net dividends of £46,000 (2022 - £46,000) from the company.

10. ULTIMATE CONTROLLING PARTY

Mr K Marsh is the ultimate controlling party by virtue of him holding the majority of the company's issued share capital.