Registered number
SC409782
TRANSGRESSIVE NORTH
Filleted Accounts
31 October 2024
TRANSGRESSIVE NORTH
Registered number: SC409782
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 155,584 154,304
Current assets
Stocks 1,072 1,191
Cash at bank and in hand 169,052 131,772
170,124 132,963
Creditors: amounts falling due within one year 4 (17,700) (17,340)
Net current assets 152,424 115,623
Net assets 308,008 269,927
Capital and reserves
Profit and loss account 308,008 269,927
Shareholders' funds 308,008 269,927
The directors are 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 directors acknowledge their 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.
Michael Brogan
Director
Approved by the board on 13 May 2025
TRANSGRESSIVE NORTH
Notes to the Accounts
for the year ended 31 October 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 represents the value of sales, income from events as well as donations. Income is
recognised on receipt unless there are imposed pre-conditions or that the income is for a future
accounting period.
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:
Equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 0 0
3 Tangible fixed assets
Land and buildings Equipment Total
£ £ £
Cost
At 1 November 2023 152,244 4,120 156,364
Additions 2,310 - 2,310
At 31 October 2024 154,554 4,120 158,674
Depreciation
At 1 November 2023 - 2,060 2,060
Charge for the year - 1,030 1,030
At 31 October 2024 - 3,090 3,090
Net book value
At 31 October 2024 154,554 1,030 155,584
At 31 October 2023 152,244 2,060 154,304
4 Creditors: amounts falling due within one year 2024 2023
£ £
Loan - Des Brogan 4,000 4,000
Director's account - Mike 1,495 1,495
Director's account - James 11,605 11,605
Other creditors 600 240
17,700 17,340
5 Other information
TRANSGRESSIVE NORTH is a private company limited by shares and incorporated in England. Its registered office is:
3 St Colme Road
Dalgety Bay
KY11 9LH
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