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REGISTERED NUMBER: 03741242 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Transaction Translators Ltd

Transaction Translators Ltd (Registered number: 03741242)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Transaction Translators Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr B D Collis





REGISTERED OFFICE: 10 Fentonville Street
Sheffield
South Yorkshire
S11 8BB





REGISTERED NUMBER: 03741242 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Transaction Translators Ltd (Registered number: 03741242)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,244 2,542

CURRENT ASSETS
Stocks 33 2,269
Debtors 5 7,153 29,286
Cash at bank 24,013 33,666
31,199 65,221
CREDITORS
Amounts falling due within one year 6 12,322 33,510
NET CURRENT ASSETS 18,877 31,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,121

34,253

PROVISIONS FOR LIABILITIES - 483
NET ASSETS 21,121 33,770

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 21,119 33,768
SHAREHOLDERS' FUNDS 21,121 33,770

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

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

Transaction Translators Ltd (Registered number: 03741242)

Balance Sheet - continued
31 March 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 director and authorised for issue on 9 October 2024 and were signed by:





Mr B D Collis - Director


Transaction Translators Ltd (Registered number: 03741242)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Transaction Translators 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 the provisions of Section 1A "Small Entities" 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 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.
Office equipment & fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2023 - 1 ) .

Transaction Translators Ltd (Registered number: 03741242)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Office
equipment Computer
& fittings equipment Totals
£    £    £   
COST
At 1 April 2023 21,409 27,204 48,613
Additions - 425 425
Disposals - (96 ) (96 )
At 31 March 2024 21,409 27,533 48,942
DEPRECIATION
At 1 April 2023 19,744 26,327 46,071
Charge for year 250 409 659
Eliminated on disposal - (32 ) (32 )
At 31 March 2024 19,994 26,704 46,698
NET BOOK VALUE
At 31 March 2024 1,415 829 2,244
At 31 March 2023 1,665 877 2,542

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,523 26,646
Other debtors 2,630 2,640
7,153 29,286

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,818 2,647
Taxation and social security 3,382 10,509
Other creditors 6,122 20,354
12,322 33,510