Caseware UK (AP4) 2022.0.179 2022.0.179 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.42022-11-01truefalseNo description of principal activity4true 02899253 2022-11-01 2023-10-31 02899253 2021-05-01 2022-10-31 02899253 2023-10-31 02899253 2022-10-31 02899253 2021-05-01 02899253 c:Director1 2022-11-01 2023-10-31 02899253 c:Director2 2022-11-01 2023-10-31 02899253 d:MotorVehicles 2022-11-01 2023-10-31 02899253 d:OfficeEquipment 2022-11-01 2023-10-31 02899253 d:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 02899253 d:OtherPropertyPlantEquipment 2023-10-31 02899253 d:OtherPropertyPlantEquipment 2022-10-31 02899253 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 02899253 d:FreeholdInvestmentProperty 2023-10-31 02899253 d:FreeholdInvestmentProperty 2022-10-31 02899253 d:CurrentFinancialInstruments 2023-10-31 02899253 d:CurrentFinancialInstruments 2022-10-31 02899253 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 02899253 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 02899253 d:ShareCapital 2023-10-31 02899253 d:ShareCapital 2022-10-31 02899253 d:CapitalRedemptionReserve 2023-10-31 02899253 d:CapitalRedemptionReserve 2022-10-31 02899253 d:RetainedEarningsAccumulatedLosses 2023-10-31 02899253 d:RetainedEarningsAccumulatedLosses 2022-10-31 02899253 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-11-01 2023-10-31 02899253 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-10-31 02899253 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-10-31 02899253 c:OrdinaryShareClass1 2022-11-01 2023-10-31 02899253 c:OrdinaryShareClass1 2023-10-31 02899253 c:OrdinaryShareClass1 2022-10-31 02899253 c:OrdinaryShareClass2 2022-11-01 2023-10-31 02899253 c:OrdinaryShareClass2 2023-10-31 02899253 c:OrdinaryShareClass2 2022-10-31 02899253 c:FRS102 2022-11-01 2023-10-31 02899253 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02899253 c:FullAccounts 2022-11-01 2023-10-31 02899253 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02899253 2 2022-11-01 2023-10-31 02899253 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 02899253 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02899253









TROJAN SERVICES UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 October 2023

 
TROJAN SERVICES UK LIMITED
Registered number: 02899253

BALANCE SHEET
As at 31 October 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
139,331
63,334

Investment property
 5 
116,581
116,581

  
255,912
179,915

Current assets
  

Stocks
 6 
750
750

Debtors: amounts falling due within one year
 7 
238,936
211,280

Cash at bank and in hand
 8 
907,982
258,689

  
1,147,668
470,719

Creditors: amounts falling due within one year
 9 
(771,802)
(194,811)

Net current assets
  
 
 
375,866
 
 
275,908

Total assets less current liabilities
  
631,778
455,823

Provisions for liabilities
  

Deferred tax
 10 
(32,836)
(13,710)

Other provisions
 11 
(28,396)
(5,199)

Net assets
  
 
 
570,546
 
 
436,914


Capital and reserves
  

Called up share capital 
 12 
50
50

Capital redemption reserve
  
50
50

Profit and loss account
  
570,446
436,814

  
570,546
436,914


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.
Page 1

 
TROJAN SERVICES UK LIMITED
Registered number: 02899253
    
BALANCE SHEET (CONTINUED)
As at 31 October 2023


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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 February 2024.




K Franklin
Mrs L Franklin
Director
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
TROJAN SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2023

1.


General information

Trojan Services (UK) Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 1st floor, 73-81 Southwark Bridge Road, London, SE1 0NQ. The principal activity of the company during the year has been that of building and electrical works and property development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
TROJAN SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
TROJAN SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor Vehicles
-
25% reducing balance
Fixtures & Fittings
-
15% reducing balance
Plant and machinery
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
TROJAN SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2023

2.Accounting policies (continued)

 
2.12

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.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Other Fixed Assets

£



Cost or valuation


At 1 November 2022
164,352


Additions
101,868


Disposals
(10,973)



At 31 October 2023

255,247



Depreciation


At 1 November 2022
101,018


Charge for the year on owned assets
23,985


Disposals
(9,087)



At 31 October 2023

115,916



Net book value



At 31 October 2023
139,331



At 31 October 2022
63,334

Page 6

 
TROJAN SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
116,581



At 31 October 2023
116,581

The 2023 valuations were made by the directors, on an open market value for existing use basis.





6.


Stocks

2023
2022
£
£

Tools
750
750

750
750



7.


Debtors

2023
2022
£
£


Trade debtors
94,072
64,638

Other debtors
140,000
140,000

Prepayments
4,864
6,642

238,936
211,280



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
907,982
258,689

907,982
258,689


Page 7

 
TROJAN SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2023

9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
25,733
32,901

Corporation tax
100,244
33,524

Other taxation and social security
177,826
81,930

Other creditors
24,234
42,706

Accruals
443,765
3,750

771,802
194,811


Page 8

 
TROJAN SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
(13,710)
(6,535)


Charged to profit or loss
(19,126)
(7,175)



At end of year
(32,836)
(13,710)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(32,836)
(13,710)

(32,836)
(13,710)


11.


Provisions




Other Provisions

£





At 1 November 2022
5,199


Charged to profit or loss
23,197



At 31 October 2023
28,396

Page 9

 
TROJAN SERVICES UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



25 (2022 - 25) Ordinary 'A' shares of £1.00 each
25
25
25 (2022 - 25) Ordinary 'B' shares of £1.00 each
25
25

50

50


 
Page 10