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REGISTERED NUMBER: 08243462 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

TRANSATLANTIC SAFETY LIMITED

TRANSATLANTIC SAFETY LIMITED (REGISTERED NUMBER: 08243462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRANSATLANTIC SAFETY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr C K L Wright





REGISTERED OFFICE: 125 Ordsall Road
Ordsall
RETFORD
Nottinghamshire
DN22 7SJ





REGISTERED NUMBER: 08243462 (England and Wales)





ACCOUNTANTS: Shucksmith Accountants (Gainsborough) Limited
94-96 Oswald Road
SCUNTHORPE
North Lincolnshire
DN15 7PA

TRANSATLANTIC SAFETY LIMITED (REGISTERED NUMBER: 08243462)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,328 3,390

CURRENT ASSETS
Stocks - 15,000
Debtors 5 87 10,195
Cash at bank 12,031 33
12,118 25,228
CREDITORS
Amounts falling due within one year 6 16,570 23,476
NET CURRENT (LIABILITIES)/ASSETS (4,452 ) 1,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,124

)

5,142

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (2,224 ) 5,042
SHAREHOLDERS' FUNDS (2,124 ) 5,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2025 and were signed by:





Mr C K L Wright - Director


TRANSATLANTIC SAFETY LIMITED (REGISTERED NUMBER: 08243462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Transatlantic Safety Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TRANSATLANTIC SAFETY LIMITED (REGISTERED NUMBER: 08243462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Going concern
At 31 October 2024 the company had an excess of liabilities over assets of £2,124 and was technically
insolvent.
The company is reliant upon the continued financial support of its directors and bankers, which has
been confirmed as ongoing. The financial statements have therefore been prepared on the going
concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2023 4,142 2,476 6,618
Disposals - (1,376 ) (1,376 )
At 31 October 2024 4,142 1,100 5,242
DEPRECIATION
At 1 November 2023 1,442 1,786 3,228
Charge for year 406 11 417
Eliminated on disposal - (731 ) (731 )
At 31 October 2024 1,848 1,066 2,914
NET BOOK VALUE
At 31 October 2024 2,294 34 2,328
At 31 October 2023 2,700 690 3,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 15 5,795
Tax - 3,498
VAT 72 902
87 10,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 90 2,791
Directors' current accounts 15,416 19,756
Accruals and deferred income 1,064 929
16,570 23,476

TRANSATLANTIC SAFETY LIMITED (REGISTERED NUMBER: 08243462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 November 2023 5,042
Deficit for the year (7,266 )
At 31 October 2024 (2,224 )

9. RELATED PARTY DISCLOSURES

At 31 October 2024 there was a balance owed by the company to Mr C K L Wright - the sole director and 100% shareholder - of £15,416 (2023 - £19,755).
This balance has been shown in Creditors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C K L Wright.