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Company Registration No. 10023905 (England and Wales)
Trutec Services Limited Unaudited accounts for the year ended 30 April 2023
Trutec Services Limited Unaudited accounts Contents
Page
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Trutec Services Limited Company Information for the year ended 30 April 2023
Director
Georgi Petkov
Company Number
10023905 (England and Wales)
Registered Office
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross EN8 7AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Trutec Services Limited for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Trutec Services Limited for the year ended 30 April 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Trutec Services Limited, as a body, in accordance with the terms of our engagement letter dated 9 December 2022. Our work has been undertaken solely to prepare for your approval the accounts of Trutec Services Limited and state those matters that we have agreed to state to the Board of Directors of Trutec Services Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Trutec Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Trutec Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Trutec Services Limited. You consider that Trutec Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Trutec Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross EN8 7AN 7 November 2023
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Trutec Services Limited Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,451 
6,187 
Current assets
Inventories
4,250 
3,500 
Debtors
90,010 
31,389 
Cash at bank and in hand
154,056 
124,789 
248,316 
159,678 
Creditors: amounts falling due within one year
(96,026)
(64,914)
Net current assets
152,290 
94,764 
Net assets
160,741 
100,951 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
160,739 
100,949 
Shareholders' funds
160,741 
100,951 
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 7 November 2023 and were signed on its behalf by
Georgi Petkov Director Company Registration No. 10023905
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Trutec Services Limited Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Trutec Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10023905. The registered office is Brindley Goldstein Ltd , 103 High Street, Waltham Cross, EN8 7AN.
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.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Motor vehicles
15% Straight Line
Computer equipment
33% Straight Line
Turnover
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.
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Trutec Services Limited Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
- 
100,656 
100,656 
Additions
800 
6,158 
6,958 
Disposals
- 
(92,974)
(92,974)
At 30 April 2023
800 
13,840 
14,640 
Depreciation
At 1 May 2022
- 
94,469 
94,469 
Charge for the year
100 
4,594 
4,694 
On disposals
- 
(92,974)
(92,974)
At 30 April 2023
100 
6,089 
6,189 
Net book value
At 30 April 2023
700 
7,751 
8,451 
At 30 April 2022
- 
6,187 
6,187 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
76,588 
25,074 
Accrued income and prepayments
- 
5,815 
Other debtors
13,422 
500 
90,010 
31,389 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
38,910 
15,021 
Trade creditors
1,121 
10,597 
Taxes and social security
50,245 
16,714 
Other creditors
- 
1,710 
Loans from directors
5,750 
1,130 
Accruals
- 
18,250 
Deferred income
- 
1,492 
96,026 
64,914 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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Trutec Services Limited Notes to the Accounts for the year ended 30 April 2023
8
Transactions with related parties
The company was under the control of Mr G. Petkov through out the current year. Mr G. Petkov is personally interested in 50% of the company's share capital and Mr O. Zeloof is personally interested in the remaining 50% of the company's share capital. Mr G. Petkov and Mr O. Zeloof each received dividends from the company during the year of £75,000 (2022: £225,000).
9
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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