Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 1717598 Mr Andrew Thompson Mr Mark Thornton Kenworthy true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 1717598 2023-08-31 1717598 2024-08-31 1717598 2023-09-01 2024-08-31 1717598 frs-core:CurrentFinancialInstruments 2024-08-31 1717598 frs-core:Non-currentFinancialInstruments 2024-08-31 1717598 frs-core:FurnitureFittings 2024-08-31 1717598 frs-core:FurnitureFittings 2023-09-01 2024-08-31 1717598 frs-core:FurnitureFittings 2023-08-31 1717598 frs-core:PlantMachinery 2024-08-31 1717598 frs-core:PlantMachinery 2023-09-01 2024-08-31 1717598 frs-core:PlantMachinery 2023-08-31 1717598 frs-core:ShareCapital 2024-08-31 1717598 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 1717598 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 1717598 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 1717598 frs-bus:SmallEntities 2023-09-01 2024-08-31 1717598 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 1717598 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 1717598 1 2023-09-01 2024-08-31 1717598 frs-bus:Director1 2023-09-01 2024-08-31 1717598 frs-bus:Director2 2023-09-01 2024-08-31 1717598 frs-countries:EnglandWales 2023-09-01 2024-08-31 1717598 2022-08-31 1717598 2023-08-31 1717598 2022-09-01 2023-08-31 1717598 frs-core:CurrentFinancialInstruments 2023-08-31 1717598 frs-core:Non-currentFinancialInstruments 2023-08-31 1717598 frs-core:ShareCapital 2023-08-31 1717598 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 1717598
Transfoam Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Hardcastle & Co
Hollins
Oldham Road
Sowerby Bridge
HX6 4EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 1717598
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 97,981 50,756
97,981 50,756
CURRENT ASSETS
Stocks 5 29,784 28,721
Debtors 6 526,583 741,364
Cash at bank and in hand 141,318 166,255
697,685 936,340
Creditors: Amounts Falling Due Within One Year 7 (430,197 ) (441,200 )
NET CURRENT ASSETS (LIABILITIES) 267,488 495,140
TOTAL ASSETS LESS CURRENT LIABILITIES 365,469 545,896
Creditors: Amounts Falling Due After More Than One Year 8 (21,280 ) (30,428 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,415 ) (8,207 )
NET ASSETS 319,774 507,261
CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Profit and Loss Account 69,774 257,261
SHAREHOLDERS' FUNDS 319,774 507,261
Page 1
Page 2
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Thompson
Director
Mr Mark Thornton Kenworthy
Director
15th October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Transfoam Limited is a private company, limited by shares, incorporated in England & Wales, registered number 1717598 . The registered office is Unit 18 Cape Ind Est, Coal Hill Lane , Farsley , West Yorkshire , LS28 5NA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 28 (2023: 26)
28 26
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2023 478,891 22,059 500,950
Additions 71,840 - 71,840
Disposals (13,500 ) - (13,500 )
As at 31 August 2024 537,231 22,059 559,290
Depreciation
As at 1 September 2023 435,699 14,495 450,194
Provided during the period 15,422 1,513 16,935
Disposals (5,820 ) - (5,820 )
As at 31 August 2024 445,301 16,008 461,309
Net Book Value
As at 31 August 2024 91,930 6,051 97,981
As at 1 September 2023 43,192 7,564 50,756
5. Stocks
2024 2023
£ £
Stock 29,784 28,721
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 309,130 336,230
Prepayments and accrued income 17,453 5,134
326,583 341,364
Due after more than one year
Amounts owed by group undertakings 200,000 400,000
526,583 741,364
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 305,263 314,257
Corporation tax 17,347 23,606
Other taxes and social security 34,613 56,239
VAT 34,807 40,190
Accruals and deferred income 38,167 6,908
430,197 441,200
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,280 30,428
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 250,000 250,000
10. Ultimate Controlling Party
The company's ultimate controlling party are the directors by virtue of ownership of 100% of the issued share capital in the company.
Page 5