Company Registration No. 06503327 (England and Wales)
Transflor Limited
Unaudited accounts
for the year ended 30 April 2023
Transflor Limited
Unaudited accounts
Contents
Transflor Limited
Company Information
for the year ended 30 April 2023
Company Number
06503327 (England and Wales)
Registered Office
Transflor Ltd
Donington Road
Bicker
Boston
PE20 3ED
England
Accountants
Realise Finance Ltd
Gloucester House
23a London Road
Peterborough
PE2 8AN
Transflor Limited
Statement of financial position
as at 30 April 2023
Tangible assets
248,782
259,919
Cash at bank and in hand
148,805
223,080
Creditors: amounts falling due within one year
(250,922)
(256,222)
Net current assets
238,783
238,551
Total assets less current liabilities
487,565
498,470
Creditors: amounts falling due after more than one year
(61,870)
(62,497)
Provisions for liabilities
Deferred tax
(62,195)
(64,980)
Net assets
363,500
370,993
Called up share capital
1
1
Profit and loss account
363,499
370,992
Shareholders' funds
363,500
370,993
For the year ending 30 April 2023 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 12 December 2023 and were signed on its behalf by
N Dobney
Director
Company Registration No. 06503327
Transflor Limited
Notes to the Accounts
for the year ended 30 April 2023
Transflor Limited is a private company, limited by shares, registered in England and Wales, registration number 06503327. The registered office is Transflor Ltd, Donington Road, Bicker, Boston, PE20 3ED, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
10% on reducing balance
Computer equipment
20% on reducing balance
Government grants in the prior year are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Transflor Limited
Notes to the Accounts
for the year ended 30 April 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2022
124,843
346,567
8,970
45,446
525,826
Additions
15,368
82,125
892
3,419
101,804
Disposals
-
(48,975)
-
-
(48,975)
At 30 April 2023
140,211
379,717
9,862
48,865
578,655
At 1 May 2022
92,516
140,357
4,789
28,245
265,907
Charge for the year
9,539
68,194
1,223
4,984
83,940
On disposals
-
(19,974)
-
-
(19,974)
At 30 April 2023
102,055
188,577
6,012
33,229
329,873
At 30 April 2023
38,156
191,140
3,850
15,636
248,782
At 30 April 2022
32,327
206,210
4,181
17,201
259,919
Finished goods
8,524
4,200
Amounts falling due within one year
Trade debtors
260,712
201,694
Accrued income and prepayments
69,839
63,999
Transflor Limited
Notes to the Accounts
for the year ended 30 April 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
37,804
28,321
Trade creditors
66,672
66,003
Taxes and social security
22,485
40,844
Other creditors
1,823
2,280
Loans from directors
677
138
Loans are secured on company assets via a fixed and floating charge. Included in creditors due within one year are bank loans totalling £37,804, with repayments and interest payable within 12 months.
8
Creditors: amounts falling due after more than one year
2023
2022
Loans are secured on company assets via a fixed and floating charge. Included in creditors due after one year are bank loans totalling £61,870, with repayments and interest payable after 12 months.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the year the average number of employees was 31 (2022: 29).