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COMPANY REGISTRATION NUMBER: 13570752
Transform AV Holdings Limited
Filleted Unaudited Financial Statements
For the year ended
30 April 2024
Transform AV Holdings Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
5
150
150
Current assets
Debtors
6
431,574
Cash at bank and in hand
784,387
----------
----------
784,387
431,574
Creditors: amounts falling due within one year
7
218,340
51,384
----------
----------
Net current assets
566,047
380,190
----------
----------
Total assets less current liabilities
566,197
380,340
----------
----------
Net assets
566,197
380,340
----------
----------
Capital and reserves
Called up share capital
300
300
Profit and loss account
565,897
380,040
----------
----------
Shareholders funds
566,197
380,340
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Transform AV Holdings Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 21 November 2024 , and are signed on behalf of the board by:
Mr M N Bell
Director
Company registration number: 13570752
Transform AV Holdings Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Rushmead Court, Ossett, Wakefield, WF5 0NZ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
(d) Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(e) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
(f) Financial instruments
Financial instruments are classified as accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1.
5. Investments
Shares in participating interests
£
Cost
At 1 May 2023 and 30 April 2024
150
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
150
----
At 30 April 2023
150
----
6. Debtors
2024
2023
£
£
Amounts owed by group undertakings
431,574
----
----------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
173,369
Other creditors
44,971
51,384
----------
--------
218,340
51,384
----------
--------
8. Related party transactions
As at 30 April 2024 the company owed to the directors £ 44,341 (2023: £50,784) being the balance on their director's loan accounts . This amount is interest free and repayable on demand.