TRANSICO LIMITED

Company Registration Number:
03994157 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

TRANSICO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

TRANSICO LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 139,222 143,652
Total fixed assets: 139,222 143,652
Current assets
Stocks: 96,014 65,576
Debtors:   358,927 411,448
Cash at bank and in hand: 36,337 42,376
Total current assets: 491,278 519,400
Creditors: amounts falling due within one year:   (82,415) (122,694)
Net current assets (liabilities): 408,863 396,706
Total assets less current liabilities: 548,085 540,358
Creditors: amounts falling due after more than one year:   (26,359) (39,594)
Total net assets (liabilities): 521,726 500,764
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 520,726 499,764
Shareholders funds: 521,726 500,764

The notes form part of these financial statements

TRANSICO LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 May 2025
and signed on behalf of the board by:

Name: A K Bullett
Status: Director

The notes form part of these financial statements

TRANSICO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is derived from the sale of electronic switches and keypads. Turnover represents net invoiced sales of goods excluding value added tax. In line with Financial Reporting Standard 102 income has been recognised when the company obtains the right to consideration in exchange for its performance.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land and buildings - 2% on cost Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Other accounting policies

Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 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. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Going concern The directors have considered the financial position of the company and believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus they continue to adopt the going concern basis of preparation in preparing the financial statements.

TRANSICO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 3 4

TRANSICO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 238,526
At 31 December 2024 238,526
Depreciation
At 01 January 2024 94,874
Charge for year 4,430
At 31 December 2024 99,304
Net book value
At 31 December 2024 139,222
At 31 December 2023 143,652

TRANSICO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Related party transactions

During the year the company was not controlled by any one individual. During the year the company had the following related party transactions with Transico Inc, a company under common control: -£16,000 technical and marketing support and £21,612 purchases from Transico Inc. At the year end £287,656 was due to Transico Limited from Transico Inc.