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Company Registration No. 06194805 (England and Wales)
TRANZYPAY LIMITED Unaudited accounts for the year ended 31 August 2025
TRANZYPAY LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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TRANZYPAY LIMITED Company Information for the year ended 31 August 2025
Director
Dele Seun ADESINA
Company Number
06194805 (England and Wales)
Registered Office
9th Floor One Canada Square London E14 5AA ENGLAND
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TRANZYPAY LIMITED Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
573
716
Current assets
Debtors
5
20,150
77,650
Cash at bank and in hand
152,588
-
172,738
77,650
Creditors: amounts falling due within one year
6
(136,663)
3,274
Net current assets
36,075
80,924
Net assets
36,648
81,640
Capital and reserves
Called up share capital
3
3
Profit and loss account
36,645
81,637
Shareholders' funds
36,648
81,640
For the year ending 31 August 2025 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 8 July 2026 and were signed on its behalf by
Dele Seun ADESINA Director Company Registration No. 06194805
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TRANZYPAY LIMITED Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
TRANZYPAY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06194805. The registered office is 9th Floor One Canada Square, London, E14 5AA, ENGLAND.
2
Compliance with accounting standards
The Financial Statement have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the requirements of the companies Act 2006 as applicable to companies subject to the small companies’ regime. There were no material departures from that standard. 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. This company is a qualifying entity for the purpose of FRS 102 and the company has taken advantage of exemptions from the following disclosure requirements: * Section 6 "Statements of changes in equity": Presentation of a statement of changes in equity but shall present information about movements in equity either in the notes to the financial statements or in a primary financial statement. * Section 7 "Statements of Cash Flows": Presentation of a statement of cash flow and related notes and disclosures. * Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues": Interest income/expense and net gain/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognized in profit or loss and in other comprehensive income. * Section 26 "Share based payment": Share based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements; and * Section 33 "Related Party Disclosures": Compensation for key management personnel.
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 and comparative information has been disclosed in respect of the period from 01 SEPTEMBER 2024 to 31 AUGUST 2025 for all numerical information in the financial statements and the narrative and descriptive information where it is relevant for comparing of the current financial statements which has prepared for 12 months.
Reclassification Consideration Where necessary, costs may be reclassified between direct and indirect costs to ensure accurate representation in the financial statements. This ensures that only those costs strictly necessary for revenue generation are captured under this category. Amendment of Accounts The policy for amending accounts ensures all adjustments are conducted transparently, accurately, and in compliance with applicable accounting standards, laws, and regulations. Amendments must be justified with documented evidence, reviewed, and approved by authorized personnel, with major changes requiring higher-level approvals. Each amendment must be recorded with a clear audit trail and communicated transparently to relevant stakeholders if materially impactful. Supporting documentation, reconciliation, and a re-verification process for significant changes help maintain financial integrity. This policy emphasizes robust internal controls, regular employee training, and consistent review to prevent errors and uphold accuracy and accountability in financial reporting. Risk and Uncertainties for use of Estimates in preparation of financial statements The preparation of financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses and disclosure requirements for contingent assets and liabilities during and at the date of financial statements. Actual results may differ from
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TRANZYPAY LIMITED Notes to the Accounts for the year ended 31 August 2025
those estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions of accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected as required by FRS 102: "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Responsibility for Preparation and Presentation of Financial Statements The directors are legally responsible for ensuring that the financial statements give a true and fair view of the company’s financial position and performance for the financial year and the directors must ensure that the financial statements comply with the Companies Act 2006 requirements, which dictate the structure, disclosure, and content of the financial statements. Directors must prepare the financial statements in accordance with applicable accounting standards, such as FRS 102 (Financial Reporting Standard applicable in the UK and Republic of Ireland) and adopting IFRS (International Financial Reporting Standards) and as per provision of “The Framework for the Preparation and Presentation of Financial Statements” issued by the International Accounting Standard Committee (IASC). Fair Values The fair value is the amount for which an asset could be exchanged, or a liability settled, between knowledgeable, willing parties in an arm’s length transaction. The fair value of trade and other short-term receivables are taken to approximate their carrying value. The fair value of financial assets and liabilities approximate their carrying value. Events after the Reporting date As per Section 32 of FRS -102 “Event after the Reporting Period" are those events favourable and unfavourable, that occur between the end of the reporting year and the date when the financial statement is authorized for issue. Two types of events can be identified: Those that provide evidence of conditions that existed at the end of the reporting year (adjusting events after the reporting date); and Those are indicative of conditions that arose after the reporting year (non-adjusting events after the reporting date). No events after the expiry of the Balance Sheet date and the reporting period have been occurred and found to be reportable. Going concern The financial statements of TRANZYPAY LIMITED have been prepared on a going concern basis. The directors have assessed the company’s financial position, cash flow projections, and future revenue forecasts, considering both current economic conditions and the company’s strategic plans. Based on this assessment, the directors have a reasonable expectation that the company has adequate resources to continue its operations for the foreseeable future. Presentation currency The Financial Statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £ sterling. Revenue Recognition IFRS 15 establishes a comprehensive framework for determining whether, how much and when revenue is recognized. Under IFRS 15, revenue is recognized when a customer obtain control of the goods or services. Determining the timing of transfer of control at a point in time or over time and requires judgment. The core principle of IFRS 15 is that an entity will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. IFRS 15 requires application of 5 step model for revenue recognition: 1) Identify the contract(s) with a customer. 2) Identify the performance obligations in the contract. 3) Determine the transaction price. 4) Allocate the transaction price to the performance obligations in the contract; and
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TRANZYPAY LIMITED Notes to the Accounts for the year ended 31 August 2025
5) Recognize revenue when (or as) the entity satisfies a performance obligation. Application of this guidance will depend on the facts and circumstances present in a contract with a customer and will require the exercise of judgment: i) Interest income is recognized when accrued on a time proportion basis; and ii) ii) other income recognized when the right to receive payment established. The transfer of money, known as money remittance, is generally exempt from Value Added Tax (VAT). This exemption applies to financial transactions involving the transfer of funds between parties, as outlined in the VAT Act 1994, Schedule 9, Group 5, Item 1. 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 the 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 rated that have been enacted or substantively enacted by the reporting end date. Deferred Tax Deferred Tax liabilities are generally recognized for all timing differences and deferred tax assets are recognized 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 recognized 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 realized. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly, 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 labilities, and the deferred tax assets and liabilities relate to taxes levied by the same tax authority. Property, plant and equipment Recognition and measurement Property, Plant and Equipment are stated at their historical cost except revaluation of PPE less accumulated depreciation in accordance with Section 17 of FRS 102 “Property, Plant and Equipment”. Cost represents cost of acquisition or construction and include purchase price and other directly attributable cost of bringing the asset to working conditions for its intended use but do not include any capitalized borrowing cost. Subsequent costs The cost of replacing or upgrading part of an item of property, plant and equipment is recognized in the carrying amount of the item if it is probable that the future economic benefits embodied within the part will flow to the Company and its cost can be measured reliably. The carrying amount of the replaced part is derecognized. The costs of the day-to day servicing of property, plant and equipment are recognized in the profit and loss account as incurred. Expenditure on repairs and maintenance of property, Plant & Equipment is treated as expense when incurred. Subsequent expenditure on property, Plant and Equipment is only recognized when the expenditure improves the condition of the asset beyond its originally assessed standard of performance. Depreciation of PPE Deprecation has been charged on addition of PPE when it is available for use. Depreciation was computed using diminishing balance method. The costs an accumulated depreciation of depreciable assets retired or otherwise disposed of are eliminated from the assets and accumulated depreciation.
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TRANZYPAY LIMITED Notes to the Accounts for the year ended 31 August 2025
The annual depreciation rates applicable to the principal categories are: Vehicles: 25% Reducing Balance Method Equipment, Fixtures & Fittings: 20% Reducing Balance Method Impairment In accordance with the provisions of Section 27 of FRS 102, the carrying amount of non-financial assets other than inventories of the Company involved in the manufacturing of the products. If any such indication exists, then the asset's recoverable amount is estimated and impairment losses are recognized in profit and loss account. No such indication of impairment has been observed till the end of the year. Advance, Deposit & Prepayments Advances are initially measured at cost. After initial recognition advances are carried at cost less deductions, adjustments or charges to other account heads such as property, plant and equipment, inventory or expenses. Deposits are measured at payment value. Prepayments are initially measured at cost. After initial recognition prepayments are carried at cost less charges to profit and loss account. Financial Instruments A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Financial Assets Financial assets of the company include cash and cash equivalents, accounts receivable and other receivables. The company initially recognizes receivable on the date they are originated. All other financial assets are recognized initially on the date at which the company becomes a party to the contractual provisions of the transaction. The company derecognizes a financial asset when the contractual rights or probabilities of receiving the cash flows from the asset expire or it transfers the rights to receive the contractual cash flows on the financial asset in a transaction in which substantially all the risk and rewards of ownership of the financial assets are transferred. Share Capital Proceeds from issuance of ordinary shares are recognized as share capital in equity when there is no contractual obligation to transfer cash or other financial assets. Parent Company / Shareholding As at the reporting date, the entire shareholding of Tranzypay Limited is held by Eazzytranzact Limited, which is the parent company. Accordingly, Tranzypay Limited is a wholly-owned subsidiary of Eazzytranzact Limited. These financial statements are therefore prepared as the separate financial statements of Tranzypay Limited. Company Name Change Effective 10 February 2025, the Company changed its legal name from A-1 Forex Services Limited to Tranzypay Limited pursuant to the approval granted by the relevant regulatory authorities. This change is in name only and does not affect the Company’s legal status, continuity of operations, or obligations. All contracts, rights, liabilities, and commitments entered into under the previous name remain valid and enforceable under the new name. Accordingly, these financial statements may refer to either name where context requires, but both relate to the same legal entity. General These notes form an integral part of the annexed financial statements and accordingly are to be read in conjunction therewith.
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TRANZYPAY LIMITED Notes to the Accounts for the year ended 31 August 2025
The company conducts its business activities primarily through bank channels. In addition to banking transactions, certain business activities are also carried out through cash transactions. On occasion, the company may utilize the director’s personal bank account for specific business-related transactions. All financial activities are recorded in accordance with applicable accounting standards and regulatory requirements to ensure transparency and compliance. Previous year’s figures have been regrouped and/or rearranged whenever considered necessary for the purpose of the current year’s financial presentation.
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 September 2024
14,935
At 31 August 2025
14,935
Depreciation
At 1 September 2024
14,219
Charge for the year
143
At 31 August 2025
14,362
Net book value
At 31 August 2025
573
At 31 August 2024
716
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
20,150
77,650
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
131,314
-
Taxes and social security
549
-
Loans from directors
-
(3,274)
Accruals
4,800
-
136,663
(3,274)
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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