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Company Registration No. 06978815 (England and Wales)
Transforming Lives Company Ltd Unaudited accounts for the year ended 30 September 2024
Transforming Lives Company Ltd Unaudited accounts Contents
Page
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Transforming Lives Company Ltd Company Information for the year ended 30 September 2024
Director
Frank Kwabena Amoah
Company Number
06978815 (England and Wales)
Registered Office
44 Langhorne Road Dagenham RM10 9QX England
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Transforming Lives Company Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,817,953 
1,866,517 
Current assets
Debtors
857,965 
931,604 
Cash at bank and in hand
288,539 
364,460 
1,146,504 
1,296,064 
Creditors: amounts falling due within one year
(1,132,193)
(875,972)
Net current assets
14,311 
420,092 
Total assets less current liabilities
1,832,264 
2,286,609 
Creditors: amounts falling due after more than one year
(30,400)
(524,383)
Provisions for liabilities
Deferred tax
(418,537)
(418,537)
Net assets
1,383,327 
1,343,689 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
477,349 
477,349 
Profit and loss account
905,977 
866,339 
Shareholders' funds
1,383,327 
1,343,689 
For the year 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 his 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 19 May 2025 and were signed on its behalf by
Frank Kwabena Amoah Director Company Registration No. 06978815
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Transforming Lives Company Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Transforming Lives Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 06978815. The registered office is 44 Langhorne Road, Dagenham, RM10 9QX, 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 remained unchanged from the previous year, and also 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
1,960,640 
55,518 
8,000 
72,542 
13,296 
2,109,996 
Additions
- 
- 
- 
- 
5,779 
5,779 
At 30 September 2024
1,960,640 
55,518 
8,000 
72,542 
19,075 
2,115,775 
Depreciation
At 1 October 2023
163,730 
44,278 
8,000 
22,307 
5,164 
243,479 
Charge for the year
28,090 
7,604 
- 
14,758 
3,891 
54,343 
At 30 September 2024
191,820 
51,882 
8,000 
37,065 
9,055 
297,822 
Net book value
At 30 September 2024
1,768,820 
3,636 
- 
35,477 
10,020 
1,817,953 
At 30 September 2023
1,796,910 
11,240 
- 
50,235 
8,132 
1,866,517 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
450,651 
519,104 
Other debtors
407,314 
412,500 
857,965 
931,604 
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Transforming Lives Company Ltd Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
79,446 
79,446 
Trade creditors
- 
4,042 
Taxes and social security
191,072 
201,279 
Other creditors
861,675 
591,205 
1,132,193 
875,972 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,400 
524,383 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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