Company Registration No. 07628163 (England and Wales)
TRANSVELD LIMITED
Unaudited accounts
for the year ended 31 May 2020
TRANSVELD LIMITED
Unaudited accounts
Contents
TRANSVELD LIMITED
Company Information
for the year ended 31 May 2020
Company Number
07628163 (England and Wales)
Accountants
Faithcor Accounting & Financial Services Ltd
Derwent House
42-46 Waterloo road
Wolverhampton
West Midlands
WV1 4XB
TRANSVELD LIMITED
Statement of financial position
as at
31 May 2020
Cash at bank and in hand
64,184
(13,194)
Creditors: amounts falling due within one year
(66,133)
(24,617)
Net current liabilities
(266)
(8,190)
Net assets/(liabilities)
125
(7,713)
Called up share capital
100
100
Profit and loss account
25
(7,813)
Shareholders' funds
125
(7,713)
For the year ending 31 May 2020 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 20 March 2021 and were signed on its behalf by
Simon Samasuwo
Director
Company Registration No. 07628163
TRANSVELD LIMITED
Notes to the Accounts
for the year ended 31 May 2020
TRANSVELD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07628163.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
TRANSVELD LIMITED
Notes to the Accounts
for the year ended 31 May 2020
Trade debtors
1,683
29,621
Total debtors
1,683
29,621
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
57,070
24,617
Taxes and social security
9,063
-
7
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2019: 1).