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
Transflor Limited
Company Information
for the period from 1 May 2023 to 30 June 2024
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
Transflor Limited
Statement of financial position
as at 30 June 2024
Tangible assets
204,991
248,782
Cash at bank and in hand
112,796
148,805
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
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
Transflor Limited
Notes to the Accounts
for the period from 1 May 2023 to 30 June 2024
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.
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.
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.
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 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 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.
Transflor Limited
Notes to the Accounts
for the period from 1 May 2023 to 30 June 2024
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.
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.
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.
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
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
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
Finished goods
12,790
8,524
Transflor Limited
Notes to the Accounts
for the period from 1 May 2023 to 30 June 2024
Amounts falling due within one year
Trade debtors
332,884
260,712
Accrued income and prepayments
94,485
69,839
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
16,024
37,804
Obligations under finance leases and hire purchase contracts
4,068
-
Trade creditors
57,968
66,672
Taxes and social security
59,034
22,485
Loans from directors
197
677
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
Obligations under finance leases and hire purchase contracts
1,017
-
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.
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).