Company registration number 10060263 (England and Wales)
TRANSCEND CORPORATE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
TRANSCEND CORPORATE LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
TRANSCEND CORPORATE LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 1 -
31 January 2025
31 July 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,660
6,753
Current assets
Debtors
4
202,972
54,263
Cash at bank and in hand
23,742
482,627
226,714
536,890
Creditors: amounts falling due within one year
5
(64,959)
(102,761)
Net current assets
161,755
434,129
Total assets less current liabilities
163,415
440,882
Creditors: amounts falling due after more than one year
6
(11,800)
(11,800)
Provisions for liabilities
-
0
(1,283)
Net assets
151,615
427,799
Capital and reserves
Called up share capital
7
120
120
Share premium account
5,250
5,250
Capital redemption reserve
200
200
Profit and loss reserves
146,045
422,229
Total equity
151,615
427,799
TRANSCEND CORPORATE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 2 -

For the financial period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the board of directors and authorised for issue on 23 April 2025 and are signed on its behalf by:
S Bartlett
Director
Company registration number 10060263 (England and Wales)
TRANSCEND CORPORATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Transcend Corporate Limited is a private company limited by shares incorporated in England and Wales. The registered office is 116 Colmore Row, Birmingham, United Kingdom, B3 3BD.

1.1
Reporting period

These financial statements cover the period from 1 August 2023 to 31 January 2025. The comparative period covers the year ended 31 July 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Work in progress is stated as estimated revenue less further costs to be included to completion. Where work is carried out on a contingent basis, full provision is made against the value of work in progress until the likely outcome of the work can be foreseen.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over term of lease
Plant and equipment
3 year straight line
Fixtures and fittings
3 year straight line
Computers
3 year straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

TRANSCEND CORPORATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

TRANSCEND CORPORATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
2023
Number
Number
Total
7
7
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 August 2023
9,618
52,400
62,018
Disposals
-
0
641
641
At 31 January 2025
9,618
53,041
62,659
Depreciation and impairment
At 1 August 2023
9,618
45,647
55,265
Depreciation charged in the period
-
0
5,093
5,093
Eliminated in respect of disposals
-
0
641
641
At 31 January 2025
9,618
51,381
60,999
Carrying amount
At 31 January 2025
-
0
1,660
1,660
At 31 July 2023
-
0
6,753
6,753
TRANSCEND CORPORATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 6 -
4
Debtors
2025
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
30,000
Corporation tax recoverable
14,220
-
0
Prepayments and accrued income
188,752
24,263
202,972
54,263
5
Creditors: amounts falling due within one year
2025
2023
£
£
Trade creditors
4,370
21,015
Corporation tax
-
0
21,038
Other taxation and social security
16,209
11,424
Other creditors
21,081
19,399
Accruals and deferred income
23,299
29,885
64,959
102,761
6
Creditors: amounts falling due after more than one year
2025
2023
£
£
Other creditors
11,800
11,800
7
Called up share capital
2025
2023
2025
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary D shares of 1p each
10,000
10,000
100
100
Ordinary E shares of 2p each
500
500
10
10
Ordinary F shares of 1p each
1,000
1,000
10
10
11,500
11,500
120
120
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2023
£
£
3,460
29,987
TRANSCEND CORPORATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
- 7 -
9
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2023
Amounts due to related parties
£
£
Key management personnel
21,080
19,399

The amount due to key management personnel was repayable on demand and interest free.

2025-01-31 2023-08-01 false false false 24 April 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity S Bartlett C Bill true true 10060263 2023-08-01 2025-01-31 10060263 2025-01-31 10060263 2023-07-31 10060263 core:LandBuildings 2025-01-31 10060263 core:OtherPropertyPlantEquipment 2025-01-31 10060263 core:LandBuildings 2023-07-31 10060263 core:OtherPropertyPlantEquipment 2023-07-31 10060263 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 10060263 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 10060263 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 10060263 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 10060263 core:CurrentFinancialInstruments 2025-01-31 10060263 core:CurrentFinancialInstruments 2023-07-31 10060263 core:ShareCapital 2025-01-31 10060263 core:ShareCapital 2023-07-31 10060263 core:SharePremium 2025-01-31 10060263 core:SharePremium 2023-07-31 10060263 core:CapitalRedemptionReserve 2025-01-31 10060263 core:CapitalRedemptionReserve 2023-07-31 10060263 core:RetainedEarningsAccumulatedLosses 2025-01-31 10060263 core:RetainedEarningsAccumulatedLosses 2023-07-31 10060263 core:ShareCapitalOrdinaryShareClass3 2025-01-31 10060263 core:ShareCapitalOrdinaryShareClass3 2023-07-31 10060263 core:ShareCapitalOrdinaryShareClass4 2025-01-31 10060263 core:ShareCapitalOrdinaryShareClass4 2023-07-31 10060263 core:ShareCapitalOrdinaryShareClass5 2025-01-31 10060263 core:ShareCapitalOrdinaryShareClass5 2023-07-31 10060263 core:ShareCapitalOrdinaryShares 2025-01-31 10060263 core:ShareCapitalOrdinaryShares 2023-07-31 10060263 bus:Director1 2023-08-01 2025-01-31 10060263 core:PlantMachinery 2023-08-01 2025-01-31 10060263 core:FurnitureFittings 2023-08-01 2025-01-31 10060263 core:ComputerEquipment 2023-08-01 2025-01-31 10060263 2022-08-01 2023-07-31 10060263 core:LandBuildings 2023-07-31 10060263 core:OtherPropertyPlantEquipment 2023-07-31 10060263 2023-07-31 10060263 core:LandBuildings 2023-08-01 2025-01-31 10060263 core:OtherPropertyPlantEquipment 2023-08-01 2025-01-31 10060263 core:Non-currentFinancialInstruments 1 2025-01-31 10060263 core:Non-currentFinancialInstruments 1 2023-07-31 10060263 bus:OrdinaryShareClass3 2023-08-01 2025-01-31 10060263 bus:OrdinaryShareClass4 2023-08-01 2025-01-31 10060263 bus:OrdinaryShareClass5 2023-08-01 2025-01-31 10060263 bus:OrdinaryShareClass3 2025-01-31 10060263 bus:OrdinaryShareClass3 2023-07-31 10060263 bus:OrdinaryShareClass4 2025-01-31 10060263 bus:OrdinaryShareClass4 2023-07-31 10060263 bus:OrdinaryShareClass5 2025-01-31 10060263 bus:OrdinaryShareClass5 2023-07-31 10060263 bus:AllOrdinaryShares 2025-01-31 10060263 bus:AllOrdinaryShares 2023-07-31 10060263 bus:PrivateLimitedCompanyLtd 2023-08-01 2025-01-31 10060263 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2025-01-31 10060263 bus:FRS102 2023-08-01 2025-01-31 10060263 bus:AuditExemptWithAccountantsReport 2023-08-01 2025-01-31 10060263 bus:Director2 2023-08-01 2025-01-31 10060263 bus:FullAccounts 2023-08-01 2025-01-31 xbrli:pure xbrli:shares iso4217:GBP