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REGISTERED NUMBER: 06397682















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Transwede Limited

Transwede Limited (Registered number: 06397682)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Transwede Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J S Ketola
J A Papworth





SECRETARY: J S Ketola





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 06397682





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

Transwede Limited (Registered number: 06397682)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,908 50,355

CURRENT ASSETS
Stocks 32,000 32,000
Debtors 5 48,924 54,735
Cash at bank 9,040 15,834
89,964 102,569
CREDITORS
Amounts falling due within one year 6 91,676 87,932
NET CURRENT (LIABILITIES)/ASSETS (1,712 ) 14,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,196

64,992

CREDITORS
Amounts falling due after more than one
year

7

(33,095

)

(28,707

)

PROVISIONS FOR LIABILITIES (11,572 ) (9,567 )
NET ASSETS 14,529 26,718

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 14,527 26,716
SHAREHOLDERS' FUNDS 14,529 26,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Transwede Limited (Registered number: 06397682)

Balance Sheet - continued
31 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





J S Ketola - Director


Transwede Limited (Registered number: 06397682)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Transwede Limited is a private company, limited by shares , registered in Not specified/Other. 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 rates in order to write off each asset over its estimated useful life:

Fixtures & fittings - 20% reducing value.
Computer equipment - 33.33% straight line.
Motor vehicles - 20% straight line.

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 Income Statement, 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 6 (2022 - 7 ) .

Transwede Limited (Registered number: 06397682)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 4,466 154,510 1,497 160,473
Additions - 42,369 - 42,369
Disposals - (20,500 ) - (20,500 )
At 31 October 2023 4,466 176,379 1,497 182,342
DEPRECIATION
At 1 November 2022 4,267 104,354 1,497 110,118
Charge for year 40 23,576 - 23,616
Eliminated on disposal - (12,300 ) - (12,300 )
At 31 October 2023 4,307 115,630 1,497 121,434
NET BOOK VALUE
At 31 October 2023 159 60,749 - 60,908
At 31 October 2022 199 50,156 - 50,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 48,924 54,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 3,049 -
Trade creditors 1,053 554
Taxation and social security 44,291 43,228
Other creditors 43,283 44,150
91,676 87,932

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other creditors 33,095 28,707

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary £1 2 2

Transwede Limited (Registered number: 06397682)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. 14

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
J S Ketola
Balance outstanding at start of year 27,367 10,795
Amounts advanced 24,462 27,367
Amounts repaid (27,367 ) (10,795 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,462 27,367

J A Papworth
Balance outstanding at start of year 27,367 10,794
Amounts advanced 24,462 27,367
Amounts repaid (27,367 ) (10,794 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,462 27,367

Interest at 2.5% has been charged on the above loan where applicable.