2023-01-01 03823204 2023-12-31 03823204 2023-01-01 2023-12-31 03823204 2022-12-31 03823204 2021-07-01 2022-12-31 03823204 uk-core:WithinOneYear 2022-12-31 03823204 uk-core:WithinOneYear 2023-12-31 03823204 uk-core:ShareCapital 2023-12-31 03823204 uk-core:ShareCapital 2022-12-31 03823204 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 03823204 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 03823204 uk-bus:Director1 2023-01-01 2023-12-31 03823204 uk-core:ToolsEquipment 2023-01-01 2023-12-31 03823204 uk-core:FurnitureFittings 2023-01-01 2023-12-31 03823204 uk-core:ToolsEquipment 2022-12-31 03823204 uk-core:FurnitureFittings 2022-12-31 03823204 uk-core:FurnitureFittings 2023-12-31 03823204 uk-core:ToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure 03823204 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03823204 uk-bus:FRS102 2023-01-01 2023-12-31 03823204 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 03823204 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Translucency Limited
Registered Number:03823204
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Translucency Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
03823204
As at 31 December 2023
Translucency Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
12,634
13,237
2
12,634
13,237
Current assets
Inventories
72,310
-
Trade and other receivables
11,426
32,489
3
46,146
Cash and cash equivalents
43,048
75,537
129,882
Trade and other payables: amounts falling due within one
year
(83,045)
(16,920)
4
46,837
58,617
Net current assets
Total assets less current liabilities
71,251
60,074
71,251
Net assets
60,074
Capital and reserves
Called up share capital
5
5
Retained earnings
71,246
60,069
71,251
60,074
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Dr Mark Campbell Charny Director
These financial statements were approved and authorised for issue by the Board on 13 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Translucency Limited
Notes to the Financial Statements
Statutory Information
Translucency Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03823204.
Registered address:
The Old Vicarage
23 St Georges Square
Worcester
Worcestershire
WR1 1HX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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5
For the year ended 31 December 2023
Translucency Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 January 2023
87,210
55,345
31,865
3,609
3,046
563
Additions
At 31 December 2023
32,428
58,391
90,819
Provision for depreciation and impairment
At 01 January 2023
73,973
45,135
28,838
Charge for year
4,212
3,314
898
At 31 December 2023
78,185
48,449
29,736
At 31 December 2023
Net book value
2,692
9,942
12,634
At 31 December 2022
3,027
10,210
13,237
3. Trade and other receivables
2022
2023
£
£
Trade debtors
28,188
3,600
Other debtors
4,301
7,826
11,426
32,489
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
47
563
Taxation and social security
14,524
9,166
Other creditors
2,349
73,316
16,920
83,045
5. Average number of persons employed
During the year the average number of employees was 0
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