Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10892442 R Kshatriya N Kshatriya iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10892442 2023-02-28 10892442 2024-02-28 10892442 2023-03-01 2024-02-28 10892442 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10892442 frs-core:ShareCapital 2024-02-28 10892442 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10892442 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10892442 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 10892442 frs-bus:SmallEntities 2023-03-01 2024-02-28 10892442 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10892442 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10892442 frs-bus:OrdinaryShareClass1 2023-03-01 2024-02-28 10892442 frs-bus:OrdinaryShareClass1 2024-02-28 10892442 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-28 10892442 frs-bus:OrdinaryShareClass2 2024-02-28 10892442 frs-bus:Director1 2023-03-01 2024-02-28 10892442 frs-bus:Director1 2023-02-28 10892442 frs-bus:Director1 2024-02-28 10892442 frs-bus:Director2 2023-03-01 2024-02-28 10892442 frs-bus:Director2 2023-02-28 10892442 frs-bus:Director2 2024-02-28 10892442 frs-countries:EnglandWales 2023-03-01 2024-02-28 10892442 2022-02-28 10892442 2023-02-28 10892442 2022-03-01 2023-02-28 10892442 frs-core:ShareCapital 2023-02-28 10892442 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 10892442 frs-bus:OrdinaryShareClass1 2022-03-01 2023-02-28 10892442 frs-bus:OrdinaryShareClass2 2022-03-01 2023-02-28
Registered number: 10892442
Transingent Consulting Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
Coleman Harris LLP
Chartered Certified Accountants
3 Tibbs Court Farm
Tibbs Court Lane
Brenchley
Kent
TN12 7AH
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10892442
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
1 1
CURRENT ASSETS
Debtors 9,785 11,522
Cash at bank and in hand 21,946 66,128
31,731 77,650
Creditors: Amounts Falling Due Within One Year (558 ) (1,099 )
NET CURRENT ASSETS (LIABILITIES) 31,173 76,551
TOTAL ASSETS LESS CURRENT LIABILITIES 31,174 76,552
NET ASSETS 31,174 76,552
CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and Loss Account 31,172 76,550
SHAREHOLDERS' FUNDS 31,174 76,552
Page 1
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For the year ending 28 February 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
R Kshatriya
Director
5th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Transingent Consulting Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10892442 . The registered office is 4 Lewis Mews, Chislehurst, Kent, BR7 5FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Computer Equipment 25% Straight line
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 1,691
As at 28 February 2024 1,691
Depreciation
As at 1 March 2023 1,690
As at 28 February 2024 1,690
Net Book Value
As at 28 February 2024 1
As at 1 March 2023 1
Page 3
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5. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
1 Ordinary A shares of £ 1.000 each 1 1
2 2
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr Rakesh Kshatriya 5,761 21,663 (20,000 ) - 7,424
Mr Nilesh Kshatriya 5,761 21,663 (20,000 ) - 7,424
The above loans are unsecured and repayable on demand. Interest is charged at commercial rates on outstanding balances.
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