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Company Registration No. 15152710 (England and Wales)
Transformation In Action Limited Unaudited accounts for the period from 21 September 2023 to 30 September 2024
Transformation In Action Limited Unaudited accounts Contents
Page
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Transformation In Action Limited Company Information for the period from 21 September 2023 to 30 September 2024
Director
Catherine Myszka
Company Number
15152710 (England and Wales)
Registered Office
117a Manchester Road Sheffield South Yorkshire S10 5DN England
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Transformation In Action Limited Statement of financial position as at 30 September 2024
2024 
Notes
£ 
Current assets
Debtors
162,843 
Cash at bank and in hand
173,204 
336,047 
Creditors: amounts falling due within one year
(192,165)
Net current assets
143,882 
Net assets
143,882 
Capital and reserves
Called up share capital
1 
Profit and loss account
143,881 
Shareholders' funds
143,882 
For the period ending 30 September 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 her 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 25 March 2024 and were signed on its behalf by
Catherine Myszka Director Company Registration No. 15152710
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Transformation In Action Limited Notes to the Accounts for the period from 21 September 2023 to 30 September 2024
1
Statutory information
Transformation In Action Limited is a private company, limited by shares, registered in England and Wales, registration number 15152710. The registered office is 117a Manchester Road, Sheffield, South Yorkshire, S10 5DN, 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 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
114,678 
Other debtors
48,165 
162,843 
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
13,594 
Trade creditors
111,152 
Taxes and social security
65,191 
Loans from directors
328 
Accruals
1,900 
192,165 
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Transformation In Action Limited Notes to the Accounts for the period from 21 September 2023 to 30 September 2024
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Catherine Myszka
Loan to Director
- 
57,475 
10,210 
47,265 
- 
57,475 
10,210 
47,265 
7
Transactions with related parties
Dividends of £50,000 were paid to the Director
8
Average number of employees
During the period the average number of employees was 1.
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