TRANZCRIPT LIMITED
Registered number: 06613739
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,327 1,907
Current assets
Debtors 4 29,722 24,386
Cash at bank and in hand 87,893 58,054
117,615 82,440
Creditors: amounts falling due within one year 5 (107,290) (74,936)
Net current assets 10,325 7,504
Net assets 11,652 9,411
Capital and reserves
Called up share capital 200 200
Profit and loss account 11,452 9,211
Shareholders' funds 11,652 9,411
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms. Sofia Khanum
Director
Approved by the board on 26 March 2025
TRANZCRIPT LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 20% Straight Line
Motor Vehicles 25% Straight Line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Office Equipment
£
Cost
At 1 July 2023 9,872
At 30 June 2024 9,872
Depreciation
At 1 July 2023 7,965
Charge for the year 580
At 30 June 2024 8,545
Net book value
At 30 June 2024 1,327
At 30 June 2023 1,907
4 Debtors 2024 2023
£ £
Trade debtors 29,722 24,386
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 43,321 13,448
Due to group undertakings 23,445 24,748
Corporation tax 422 271
Other taxes and social security costs 40,100 34,987
Other creditors 2 1,482
107,290 74,936
6 Other information
TRANZCRIPT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
124
City Road
London
EC1V 2NX
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