Company Registration No. 04399795 (England and Wales)
Transformulas International Limited
Unaudited accounts
for the year ended 31 July 2024
Transformulas International Limited
Unaudited accounts
Contents
Transformulas International Limited
Company Information
for the year ended 31 July 2024
Directors
Rosalind Whyers
Kirsty Craney-Barnie
Company Number
04399795 (England and Wales)
Registered Office
Inveresk Lodge
Mere Cresent
Oakmere
Northwich
CW8 2HQ
Accountants
Foster Barlow Limited
81 Penny Meadow
Ashton under Lyne
Lancashire
OL6 6EL
Transformulas International Limited
Statement of financial position
as at 31 July 2024
Tangible assets
24,362
27,791
Inventories
273,983
458,028
Cash at bank and in hand
34,362
38,897
Creditors: amounts falling due within one year
(287,286)
(323,898)
Net current assets
206,473
267,720
Total assets less current liabilities
230,835
295,511
Creditors: amounts falling due after more than one year
(15,000)
(35,000)
Provisions for liabilities
Deferred tax
(6,091)
(5,280)
Net assets
209,744
255,231
Called up share capital
2
2
Profit and loss account
209,742
255,229
Shareholders' funds
209,744
255,231
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by
Kirsty Craney-Barnie
Director
Company Registration No. 04399795
Transformulas International Limited
Notes to the Accounts
for the year ended 31 July 2024
Transformulas International Limited is a private company, limited by shares, registered in England and Wales, registration number 04399795. The registered office is Inveresk Lodge, Mere Cresent, Oakmere, Northwich, CW8 2HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Transformulas International Limited
Notes to the Accounts
for the year ended 31 July 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
21,446
24,290
131,605
177,341
At 31 July 2024
21,446
24,290
133,274
179,010
At 1 August 2023
14,660
21,495
113,395
149,550
Charge for the year
1,697
419
2,982
5,098
At 31 July 2024
16,357
21,914
116,377
154,648
At 31 July 2024
5,089
2,376
16,897
24,362
At 31 July 2023
6,786
2,795
18,210
27,791
Amounts falling due within one year
Trade debtors
181,805
74,335
Accrued income and prepayments
3,609
3,557
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
20,000
20,000
Trade creditors
199,999
263,745
Taxes and social security
38,318
11,605
Other creditors
24,185
24,038
Loans from directors
476
202
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 6 (2023: 5).