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REGISTERED NUMBER: 07692994 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

TRANSWORLDCOM LIMITED

TRANSWORLDCOM LIMITED (REGISTERED NUMBER: 07692994)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024




Page

Company information 1

Statement of financial position 2

Notes to the financial statements 4


TRANSWORLDCOM LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2024







Directors: P Sartori
Mrs C Sartori





Registered office: Unit 2
32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL





Business address: 32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL





Registered number: 07692994 (England and Wales)





Accountants: JOHN ALEXANDER LIMITED
Chartered Certified Accountants &
Statutory Auditor
Unit 2, 32-34 Station Close
Potters Bar
Hertfordshire
EN6 1TL

TRANSWORLDCOM LIMITED (REGISTERED NUMBER: 07692994)

STATEMENT OF FINANCIAL POSITION
31 July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 27,463 14,118
Investments 5 15,000 15,000
42,463 29,118

Current assets
Debtors 6 51,124 47,742
Cash at bank 250,355 292,447
301,479 340,189
Creditors
Amounts falling due within one year 7 197,815 216,043
Net current assets 103,664 124,146
Total assets less current liabilities 146,127 153,264

Creditors
Amounts falling due after more than one
year

8

11,928

15,482
Net assets 134,199 137,782

Capital and reserves
Called up share capital 100 100
Retained earnings 134,099 137,682
134,199 137,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

TRANSWORLDCOM LIMITED (REGISTERED NUMBER: 07692994)

STATEMENT OF FINANCIAL POSITION - continued
31 July 2024


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





P Sartori - Director


TRANSWORLDCOM LIMITED (REGISTERED NUMBER: 07692994)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024

1. Statutory information

TransWorldCom 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

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.

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 9 (2023 - 6 ) .

TRANSWORLDCOM LIMITED (REGISTERED NUMBER: 07692994)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 August 2023 32,323 14,683 47,006
Additions 16,875 - 16,875
At 31 July 2024 49,198 14,683 63,881
Depreciation
At 1 August 2023 24,413 8,475 32,888
Charge for year 1,978 1,552 3,530
At 31 July 2024 26,391 10,027 36,418
Net book value
At 31 July 2024 22,807 4,656 27,463
At 31 July 2023 7,910 6,208 14,118

5. Fixed asset investments
Other
investments
£   
Cost
At 1 August 2023
and 31 July 2024 15,000
Net book value
At 31 July 2024 15,000
At 31 July 2023 15,000

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 50,624 47,242
Prepayments and accrued income 500 500
51,124 47,742

TRANSWORLDCOM LIMITED (REGISTERED NUMBER: 07692994)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 16,183 7,651
Trade creditors 65,122 37,170
Taxation and social security 88,003 109,486
Other creditors 28,507 61,736
197,815 216,043

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 11,928 15,482