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REGISTERED NUMBER: 09592745 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Transformify Ltd

Transformify Ltd (Registered number: 09592745)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Report of the Accountant 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Transformify Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Ms L Stoyanova





SECRETARY:





REGISTERED OFFICE: 86-90 Paul Street
London
EC2A 4NE





REGISTERED NUMBER: 09592745 (England and Wales)





ACCOUNTANT: Albacore Accounting Limited
724 Capability Green
Luton
Bedfordshire
LU1 3LU

Transformify Ltd

Report of the Accountant to the Director of
Transformify Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to four and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Albacore Accounting Limited
724 Capability Green
Luton
Bedfordshire
LU1 3LU


Date: .............................................

Transformify Ltd (Registered number: 09592745)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 317,959 257,109
Tangible assets 5 1,038 1,315
318,997 258,424

CURRENT ASSETS
Debtors 6 404,105 67,881
Cash at bank 193,862 215,504
597,967 283,385
CREDITORS
Amounts falling due within one year 7 426,721 218,195
NET CURRENT ASSETS 171,246 65,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,243

323,614

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 8 489,743 323,114
490,243 323,614

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

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

The director acknowledges her 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 25 June 2025 and were signed by:




........................................................................
Ms L Stoyanova - Director


Transformify Ltd (Registered number: 09592745)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Transformify Ltd 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 January 2024 366,453
Additions 62,296
Revaluations 60,573
At 31 December 2024 489,322
AMORTISATION
At 1 January 2024 109,344
Amortisation for year 62,019
At 31 December 2024 171,363
NET BOOK VALUE
At 31 December 2024 317,959
At 31 December 2023 257,109

Transformify Ltd (Registered number: 09592745)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Goodwill
£   
Valuation in 2023 366,453
Valuation in 2024 62,296
Cost 60,573
489,322

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 1,781
DEPRECIATION
At 1 January 2024 466
Charge for year 277
At 31 December 2024 743
NET BOOK VALUE
At 31 December 2024 1,038
At 31 December 2023 1,315

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Other debtors 134,562 55,234
Directors' current accounts 582 -
135,144 55,234

Amounts falling due after more than one year:
Trade debtors 266,597 10,283
Prepayments 2,364 2,364
268,961 12,647

Aggregate amounts 404,105 67,881

Transformify Ltd (Registered number: 09592745)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 188,066 17,900
Trade creditors 173,217 238,739
Tax 57,146 30,769
Social security and other taxes 2,660 2,672
Pensions Payable 51 51
VAT 433 1,255
Other creditors 5,224 10,240
Directors' current accounts - 21,152
Accruals and deferred income - (104,507 )
Accrued expenses (76 ) (76 )
426,721 218,195

8. RESERVES
Retained
earnings
£   

At 1 January 2024 323,114
Profit for the year 166,629
At 31 December 2024 489,743

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The loan received from the director - Liliya Stoyanova, has been repaid in full.