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REGISTERED NUMBER: SC544455 (Scotland)












Financial Statements

for the Year Ended 31 August 2023

for

TRT Construction Services Limited

TRT Construction Services Limited (Registered number: SC544455)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRT Construction Services Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: R Rutherford
T Rutherford





REGISTERED OFFICE: Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU





REGISTERED NUMBER: SC544455 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

TRT Construction Services Limited (Registered number: SC544455)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 87,000 118,000
Property, plant and equipment 5 26,373 35,157
113,373 153,157

CURRENT ASSETS
Debtors 6 139,291 42,647
Cash at bank and in hand 91,107 3,201
230,398 45,848
CREDITORS
Amounts falling due within one year 7 221,366 134,042
NET CURRENT ASSETS/(LIABILITIES) 9,032 (88,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,405

64,963

CREDITORS
Amounts falling due after more than one
year

8

(30,734

)

(48,894

)

PROVISIONS FOR LIABILITIES (5,675 ) (6,680 )
NET ASSETS 85,996 9,389

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 85,994 9,387
SHAREHOLDERS' FUNDS 85,996 9,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TRT Construction Services Limited (Registered number: SC544455)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





R Rutherford - Director


TRT Construction Services Limited (Registered number: SC544455)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

TRT Construction Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

TRT Construction Services Limited (Registered number: SC544455)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 310,000
AMORTISATION
At 1 September 2022 192,000
Amortisation for year 31,000
At 31 August 2023 223,000
NET BOOK VALUE
At 31 August 2023 87,000
At 31 August 2022 118,000

TRT Construction Services Limited (Registered number: SC544455)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022
and 31 August 2023 4,705 488 86,603 91,796
DEPRECIATION
At 1 September 2022 4,705 436 51,498 56,639
Charge for year - 8 8,776 8,784
At 31 August 2023 4,705 444 60,274 65,423
NET BOOK VALUE
At 31 August 2023 - 44 26,329 26,373
At 31 August 2022 - 52 35,105 35,157

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts recoverable on contract 132,725 37,724
Directors' current accounts 377 -
VAT 6,189 4,923
139,291 42,647

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 16,350
Hire purchase contracts 8,160 8,160
Trade creditors 35,850 10,126
Tax 80,446 10,473
Social security and other taxes 26,196 65,441
Other creditors 4,792 4,792
Directors' current accounts 377 836
Accrued expenses 55,545 17,864
221,366 134,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 17,500 27,500
Hire purchase contracts 13,234 21,394
30,734 48,894