2023-03-01 SC442323 2024-02-28 SC442323 2023-03-01 2024-02-28 SC442323 2023-02-28 SC442323 2022-03-01 2023-02-28 SC442323 uk-core:WithinOneYear 2023-02-28 SC442323 uk-core:WithinOneYear 2024-02-28 SC442323 uk-core:SharePremium 2024-02-28 SC442323 uk-core:SharePremium 2023-02-28 SC442323 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC442323 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 SC442323 uk-bus:Director1 2023-03-01 2024-02-28 SC442323 uk-core:PlantMachinery 2023-03-01 2024-02-28 SC442323 uk-core:ToolsEquipment 2023-03-01 2024-02-28 SC442323 uk-core:CommercialMotorVehicles 2023-03-01 2024-02-28 SC442323 uk-core:ToolsEquipment 2023-02-28 SC442323 uk-core:FurnitureFittings 2023-02-28 SC442323 uk-core:CommercialMotorVehicles 2023-02-28 SC442323 uk-core:PlantMachinery 2023-02-28 SC442323 uk-core:FurnitureFittings 2023-03-01 2024-02-28 SC442323 uk-core:CommercialMotorVehicles 2024-02-28 SC442323 uk-core:FurnitureFittings 2024-02-28 SC442323 uk-core:ToolsEquipment 2024-02-28 SC442323 uk-core:PlantMachinery 2024-02-28 SC442323 uk-core:CostValuation 2023-02-28 SC442323 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-02-28 SC442323 uk-core:AdditionsToInvestments 2024-02-28 SC442323 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-02-28 SC442323 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-02-28 SC442323 uk-core:CostValuation 2024-02-28 SC442323 uk-core:Non-currentFinancialInstruments 2024-02-28 SC442323 uk-core:Non-currentFinancialInstruments 2023-02-28 iso4217:GBP xbrli:pure SC442323 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 SC442323 uk-bus:FRS102 2023-03-01 2024-02-28 SC442323 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 SC442323 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
Draft
Transcend Change Limited
Registered Number:SC442323
For the year ended 28 February 2024
Scotland
Unaudited Financial Statements
2
Draft
For the year ended 28 February 2024
Transcend Change Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Draft
Registered Number :
SC442323
As at 28 February 2024
Transcend Change Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
56,959
63,372
2
Financial assets
9,250
13,000
3
69,959
72,622
Current assets
Trade and other receivables
65,056
86,543
4
22,141
Cash and cash equivalents
14,793
101,336
87,197
Trade and other payables: amounts falling due within one
year
(25,192)
(22,791)
5
62,005
78,545
Net current assets
Total assets less current liabilities
148,504
134,627
148,504
Net assets
134,627
Capital and reserves
Share premium account
100
100
Retained earnings
148,404
134,527
148,504
134,627
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr James Cameron McGregor Johnston Director
These financial statements were approved and authorised for issue by the Board on 28 November 2024 and were signed by:
The notes form part of these financial statements
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4
Draft
For the year ended 28 February 2024
Transcend Change Limited
Notes to the Financial Statements
Statutory Information
Transcend Change Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC442323.
Registered address:
West Lodge
Dunphail
Forres
Moray
IV36 2QL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Straight line
25% Straight line
Computer equipment
20% Straight line
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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5
Draft
For the year ended 28 February 2024
Transcend Change Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 March 2023
135,537
18,287
919
10,745
105,586
16,734
3,867
-
-
12,867
Additions
-
-
-
(4,086)
Disposals
(4,086)
At 28 February 2024
10,745
919
22,154
148,185
114,367
Provision for depreciation and impairment
At 01 March 2023
72,165
16,978
878
6,447
47,862
Charge for year
20,695
2,266
149
2,149
16,131
(1,634)
-
-
-
(1,634)
On disposal
At 28 February 2024
91,226
19,244
1,027
8,596
62,359
At 28 February 2024
Net book value
52,008
2,149
(108)
2,910
56,959
At 28 February 2023
57,724
4,298
41
1,309
63,372
3. Investments held as fixed assets
Other investments
Total
At 01 March 2023
9,250
9,250
Cost
£
£
3,750
3,750
Additions
At 28 February 2024
13,000
13,000
At 28 February 2024
Net book value
13,000
13,000
At 01 March 2023
9,250
9,250
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
17,500
Amounts owed by group undertakings and participating interests
8,310
8,310
Other debtors
78,233
39,246
65,056
86,543
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6
Draft
For the year ended 28 February 2024
Transcend Change Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
9,288
22,692
Other creditors
13,503
2,500
22,791
25,192
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 4)
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