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
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
Transforming Lives Company Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
1,817,953
1,866,517
Cash at bank and in hand
288,539
364,460
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
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
Transforming Lives Company Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Amounts falling due within one year
Trade debtors
450,651
519,104
Other debtors
407,314
412,500
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
Taxes and social security
191,072
201,279
Other creditors
861,675
591,205
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).