Translita Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
161,253
149,238
Cash at bank and in hand
57,294
-
Creditors: amounts falling due within one year
(242,615)
(190,532)
Net current liabilities
(185,039)
(172,316)
Total assets less current liabilities
(23,786)
(23,078)
Creditors: amounts falling due after more than one year
21,611
14,363
Net liabilities
(2,175)
(8,715)
Called up share capital
100
100
Profit and loss account
(2,275)
(8,815)
Shareholders' funds
(2,175)
(8,715)
For the year ending 31 May 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 28 November 2024 and were signed on its behalf by
Michail Borovickij
Director
Company Registration No. 09594904
Translita Ltd
Notes to the Accounts
for the year ended 31 May 2024
Translita Ltd is a private company, limited by shares, registered in England and Wales, registration number 09594904. The registered office is 22 YORK ROAD, CORBY, NORTHAMPTONSHIRE, NN18 0NU, ENGLAND.
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.
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:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
146,367
117,750
-
264,117
Additions
-
78,017
1,083
79,100
Disposals
-
(10,000)
-
(10,000)
At 31 May 2024
146,367
185,767
1,083
333,217
At 1 June 2023
78,738
36,141
-
114,879
Charge for the year
16,907
39,907
271
57,085
At 31 May 2024
95,645
76,048
271
171,964
At 31 May 2024
50,722
109,719
812
161,253
At 31 May 2023
67,629
81,609
-
149,238
Amounts falling due within one year
Translita Ltd
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
10,832
Trade creditors
198,902
185,958
Taxes and social security
(7,563)
-
Loans from directors
24,008
28,318
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
(21,611)
(14,363)
8
Average number of employees
During the year the average number of employees was 5 (2023: 3).