Company registration number 04041370 (England and Wales)
TRANSCENDIT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
TRANSCENDIT LIMITED
COMPANY INFORMATION
Directors
L D Irving
D M Scott
A A Kuznesof
T Tinsley
H J Littlewood
(Appointed 1 September 2025)
Secretary
T Tinsley
Company number
04041370
Registered office
C9 Marquis Court
Team Valley Trading Estate
Gateshead
Tyne and Wear
England
NE11 0RU
Accountants
Ryecroft Glenton
32 Portland Terrace
Jesmond
Newcastle upon Tyne
NE2 1QP
TRANSCENDIT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
TRANSCENDIT LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
275,213
279,316
Current assets
Stocks
57,737
21,066
Debtors
6
293,115
240,868
Cash at bank and in hand
504,945
374,813
855,797
636,747
Creditors: amounts falling due within one year
7
(429,406)
(224,058)
Net current assets
426,391
412,689
Total assets less current liabilities
701,604
692,005
Creditors: amounts falling due after more than one year
8
(112,274)
(124,876)
Provisions for liabilities
(802)
(661)
Net assets
588,528
566,468
Capital and reserves
Called up share capital
9
215
212
Share premium account
15,015
15,015
Capital redemption reserve
22
21
Profit and loss reserves
573,276
551,220
Total equity
588,528
566,468

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

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

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.

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

TRANSCENDIT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

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

The financial statements were approved by the board of directors and authorised for issue on 2 March 2026 and are signed on its behalf by:
A A Kuznesof
Director
Company Registration No. 04041370
TRANSCENDIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Transcendit Limited is a private company, company number 04041370, limited by shares incorporated in England and Wales. The registered office is C9 Marquis Court, Team Valley Trading Estate, Gateshead, Tyne and Wear, England, NE11 0RU.

1.1
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.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

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

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

Land and buildings Freehold
10% Reducing balance
Land and buildings Leasehold
1% Straight line
Fixtures, fittings and equipment
25% Reducing balance

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.

TRANSCENDIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

TRANSCENDIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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. Such l iabilities 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled. 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.

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.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

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

TRANSCENDIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
23
24
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024 and 31 August 2025
146,150
Amortisation and impairment
At 1 September 2024 and 31 August 2025
146,150
Carrying amount
At 31 August 2025
-
0
At 31 August 2024
-
0
TRANSCENDIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2024 and 31 August 2025
305,241
54,962
360,203
Depreciation and impairment
At 1 September 2024
29,401
51,486
80,887
Depreciation charged in the year
3,234
869
4,103
At 31 August 2025
32,635
52,355
84,990
Carrying amount
At 31 August 2025
272,606
2,607
275,213
At 31 August 2024
275,840
3,476
279,316
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
287,717
237,687
Other debtors
5,398
3,181
293,115
240,868
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
11,387
10,173
Trade creditors
132,767
104,714
Corporation tax
42,195
7,554
Other taxation and social security
105,494
66,280
Other creditors
137,563
35,337
429,406
224,058
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
112,274
124,876
TRANSCENDIT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 8 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary voting shares of £1 each
211
180
211
180
2025
2024
2025
2024
Preference share capital
Number
Number
£
£
Issued and fully paid
Preference shares of £1 each
4
32
4
32
Preference shares classified as equity
4
32
Total equity share capital
215
212
2025-08-31 2024-09-01 false false false 02 March 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity R N Davies L D Irving D M Scott A A Kuznesof H J Littlewood H J Littlewood T Tinsley 04041370 2024-09-01 2025-08-31 04041370 bus:Director2 2024-09-01 2025-08-31 04041370 bus:Director3 2024-09-01 2025-08-31 04041370 bus:Director4 2024-09-01 2025-08-31 04041370 bus:CompanySecretaryDirector1 2024-09-01 2025-08-31 04041370 bus:Director5 2024-09-01 2025-08-31 04041370 bus:CompanySecretary1 2024-09-01 2025-08-31 04041370 bus:Director1 2024-09-01 2025-08-31 04041370 bus:Director6 2024-09-01 2025-08-31 04041370 bus:RegisteredOffice 2024-09-01 2025-08-31 04041370 2025-08-31 04041370 2024-08-31 04041370 core:LandBuildings 2025-08-31 04041370 core:OtherPropertyPlantEquipment 2025-08-31 04041370 core:LandBuildings 2024-08-31 04041370 core:OtherPropertyPlantEquipment 2024-08-31 04041370 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 04041370 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 04041370 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 04041370 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 04041370 core:CurrentFinancialInstruments 2025-08-31 04041370 core:CurrentFinancialInstruments 2024-08-31 04041370 core:ShareCapital 2025-08-31 04041370 core:ShareCapital 2024-08-31 04041370 core:SharePremium 2025-08-31 04041370 core:SharePremium 2024-08-31 04041370 core:CapitalRedemptionReserve 2025-08-31 04041370 core:CapitalRedemptionReserve 2024-08-31 04041370 core:RetainedEarningsAccumulatedLosses 2025-08-31 04041370 core:RetainedEarningsAccumulatedLosses 2024-08-31 04041370 core:ShareCapitalOrdinaryShareClass1 2025-08-31 04041370 core:ShareCapitalOrdinaryShareClass1 2024-08-31 04041370 core:ShareCapitalPreferenceShareClass1 2025-08-31 04041370 core:ShareCapitalPreferenceShareClass1 2024-08-31 04041370 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 04041370 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 04041370 core:FurnitureFittings 2024-09-01 2025-08-31 04041370 2023-09-01 2024-08-31 04041370 core:NetGoodwill 2024-08-31 04041370 core:NetGoodwill 2025-08-31 04041370 core:NetGoodwill 2024-08-31 04041370 core:LandBuildings 2024-08-31 04041370 core:OtherPropertyPlantEquipment 2024-08-31 04041370 2024-08-31 04041370 core:LandBuildings 2024-09-01 2025-08-31 04041370 core:OtherPropertyPlantEquipment 2024-09-01 2025-08-31 04041370 core:Non-currentFinancialInstruments 2025-08-31 04041370 core:Non-currentFinancialInstruments 2024-08-31 04041370 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 04041370 bus:PreferenceShareClass1 2024-09-01 2025-08-31 04041370 bus:OrdinaryShareClass1 2025-08-31 04041370 bus:OrdinaryShareClass1 2024-08-31 04041370 bus:PreferenceShareClass1 2025-08-31 04041370 bus:PreferenceShareClass1 2024-08-31 04041370 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 04041370 bus:FRS102 2024-09-01 2025-08-31 04041370 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 04041370 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 04041370 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP