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Company Registration No. 06503327 (England and Wales)
Transflor Limited Unaudited accounts for the period from 1 May 2023 to 30 June 2024
Transflor Limited Unaudited accounts Contents
Page
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Transflor Limited Company Information for the period from 1 May 2023 to 30 June 2024
Director
N Dobney
Secretary
A Coles
Company Number
06503327 (England and Wales)
Registered Office
Transflor Ltd Donington Road Bicker Boston PE20 3ED England
Accountants
Realise Finance Ltd Gloucester House 23a London Road Peterborough PE2 8AN
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Transflor Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
204,991 
248,782 
Current assets
Inventories
12,790 
8,524 
Debtors
427,369 
332,376 
Cash at bank and in hand
112,796 
148,805 
552,955 
489,705 
Creditors: amounts falling due within one year
(240,364)
(250,922)
Net current assets
312,591 
238,783 
Total assets less current liabilities
517,582 
487,565 
Creditors: amounts falling due after more than one year
(26,122)
(61,870)
Provisions for liabilities
Deferred tax
(51,248)
(62,195)
Net assets
440,212 
363,500 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
440,211 
363,499 
Shareholders' funds
440,212 
363,500 
For the period ending 30 June 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 director acknowledges his 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 and authorised for issue on 17 February 2025 and were signed on its behalf by
N Dobney Director Company Registration No. 06503327
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Transflor Limited Notes to the Accounts for the period from 1 May 2023 to 30 June 2024
1
Statutory information
Transflor Limited is a private company, limited by shares, registered in England and Wales, registration number 06503327. The registered office is Transflor Ltd, Donington Road, Bicker, Boston, PE20 3ED, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
10% on reducing balance
Computer equipment
20% on reducing balance
Government grants
Government grants in the prior year are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Transflor Limited Notes to the Accounts for the period from 1 May 2023 to 30 June 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
140,211 
379,717 
9,862 
48,865 
578,655 
Additions
44,115 
106,815 
110 
4,464 
155,504 
Disposals
(3,000)
(108,316)
(892)
(89)
(112,297)
At 30 June 2024
181,326 
378,216 
9,080 
53,240 
621,862 
Depreciation
At 1 May 2023
102,055 
188,577 
6,012 
33,229 
329,873 
Charge for the period
15,975 
71,490 
325 
4,004 
91,794 
On disposals
(600)
(4,000)
(178)
(18)
(4,796)
At 30 June 2024
117,430 
256,067 
6,159 
37,215 
416,871 
Net book value
At 30 June 2024
63,896 
122,149 
2,921 
16,025 
204,991 
At 30 April 2023
38,156 
191,140 
3,850 
15,636 
248,782 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
12,790 
8,524 
12,790 
8,524 
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Transflor Limited Notes to the Accounts for the period from 1 May 2023 to 30 June 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
332,884 
260,712 
Accrued income and prepayments
94,485 
69,839 
Other debtors
- 
1,825 
427,369 
332,376 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
16,024 
37,804 
VAT
65,791 
88,375 
Obligations under finance leases and hire purchase contracts
4,068 
- 
Trade creditors
57,968 
66,672 
Taxes and social security
59,034 
22,485 
Other creditors
- 
1,823 
Loans from directors
197 
677 
Accruals
37,282 
33,086 
240,364 
250,922 
Loans are secured on company assets via a fixed and floating charge. Included in creditors due within one year are bank loans totalling £16,024, with repayments and interest payable within 12 months.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
25,105 
61,870 
Obligations under finance leases and hire purchase contracts
1,017 
- 
26,122 
61,870 
Loans are secured on company assets via a fixed and floating charge. Included in creditors due after one year are bank loans totalling £25,105, with repayments and interest payable after 12 months.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the period the average number of employees was 35 (2023: 31).
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