Accounts filed on 31-03-2022

Accounts filed on 31-03-2022

TRANSFORM LIVES COMPANY LIMITED - Company Information

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Registered number: 08449636
Transform Lives Company Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
Prepared By:
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17, Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH
Transform Lives Company Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
DIRECTORS
Tracy Fishwick OBE
Steven Lee Fishwick
Elizabeth Wilson
Lauren Jayne Bailey-Rhodes
SECRETARY
Tracy Fishwick OBE
REGISTERED OFFICE
Jenny Sanderson Suite Blackburne House
Blackburne Place
Liverpool
Merseyside
L8 7PE
COMPANY DETAILS
Private company limited by guarantee registered in EW - England and Wales, registered number 08449636
BANKERS
NatWest
ACCOUNTANTS
Harvey Guinan LLP
Chartered Certified Accountants
Unit 17, Mersey House
Matchworks Estate, 140 Speke Road
Liverpool
Merseyside
L19 2PH
Transform Lives Company Limited
ACCOUNTS
FOR THEYEARENDED31/03/2022
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Income and Expenditure Account-
Income and Expenditure Account Summaries-
Transform Lives Company Limited
BALANCE SHEET AT 31/03/2022
20222021
Notes££
FIXED ASSETS
CURRENT ASSETS
Debtors438,80310,142
Cash at bank and in hand220,242129,535
259,045139,677
CREDITORS: Amounts falling due within one year5196,70977,847
NET CURRENT ASSETS62,33661,830
TOTAL ASSETS LESS CURRENT LIABILITIES62,33661,830
RESERVES
Income and Expenditure account62,33661,830
MEMBERS' FUNDS62,33661,830
For the year ending 31/03/2022 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/10/2022 and signed on their behalf by
.............................
Tracy Fishwick OBE
Director
Transform Lives Company Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Assets held under finance leases are depreciated in the same way as owned assets. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
1e. Policy For Going Concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
The directors have considered the impact of COVID-19 and they continue to adopt the going concern basis of accounting in preparing the financial statements.
1f.
Transform Lives Company Limited
1g. Policy For Income Recoginition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when all the following conditions are satisfied: •the company has transferred to the buyer the significant risks and rewards of ownership of the goods; •the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; •the amount of revenue can be measured reliably; •it is probable that the economic benefits associated with the transaction will flow to the company; and •the costs incurred or to be incurred in respect of the transition can be measured reliably. Specifically, revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.
2. EMPLOYEES
20222021
No.No.
Average number of employees98
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsTotal
££
Cost
At 01/04/20211,4441,444
At 31/03/20221,4441,444
Depreciation
At 01/04/20211,4441,444
At 31/03/20221,4441,444
Net Book Amounts
At 31/03/2022--
4. DEBTORS 20222021
££
Amounts falling due within one year
VAT-10,142
Accrued income38,803-
38,80310,142
Transform Lives Company Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
Corporation tax payable11912,642
VAT11,199-
PAYE control8,1195,658
Pension schemes11,3441,031
Accruals18,5828,541
Deferred income147,34649,975
196,70977,847
6. GENERAL INFORMATION
Transform Lives Company Limited (company number 8449636) is a private company limited by guarantee and incorporated in England and Wales. Its registered office is Jenny Sanderson Suite, Blackburne House, Blackburne Place, Liverpool, England, L8 7PE.