2023-07-01 05849031 2024-06-30 05849031 2023-07-01 2024-06-30 05849031 2023-06-30 05849031 2022-07-01 2023-06-30 05849031 uk-core:WithinOneYear 2023-06-30 05849031 uk-core:WithinOneYear 2024-06-30 05849031 uk-core:ShareCapital 2024-06-30 05849031 uk-core:ShareCapital 2023-06-30 05849031 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 05849031 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 05849031 uk-bus:Director1 2023-07-01 2024-06-30 05849031 uk-core:PlantMachinery 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure 05849031 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05849031 uk-bus:FRS102 2023-07-01 2024-06-30 05849031 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 05849031 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
Transverse Engineering Ltd
Registered Number:05849031
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
Transverse Engineering Ltd
Contents Page
1
Statement of Financial Position
2
Notes to the Financial Statements
3
Registered Number :
05849031
As at 30 June 2024
Transverse Engineering Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Current assets
220,261
Cash and cash equivalents
221,744
221,744
220,261
Trade and other payables: amounts falling due within one
year
(440)
(1,315)
2
219,821
220,429
Net current assets
Total assets less current liabilities
220,429
219,821
220,429
Net assets
219,821
Capital and reserves
Called up share capital
2
2
Retained earnings
220,427
219,819
220,429
219,821
Shareholders' funds
For the year ended 30 June 2024 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 30 June 2024 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.
A Wilkes Director
These financial statements were approved and authorised for issue by the Board on 11 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2024
Transverse Engineering Ltd
Notes to the Financial Statements
Statutory Information
Transverse Engineering Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05849031.
Registered address:
1A Woods Croft
Lichfield
Staffs
WS13 7HB
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:
Plant and equipment
20% Straight line
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.
2. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Other creditors
1,315
440
3. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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