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REGISTERED NUMBER: 13741194 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2023

for

TREST LIMITED

TREST LIMITED (REGISTERED NUMBER: 13741194)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TREST LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







Director: Mr R Davidson





Registered office: Unit 6 Centurion Court
Farington
Leyland
Lancashire
PR25 3UQ





Registered number: 13741194 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

TREST LIMITED (REGISTERED NUMBER: 13741194)

Balance Sheet
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 349,075 164,184

CURRENT ASSETS
Stocks 169,550 36,798
Debtors 5 155,386 69,246
Cash at bank 31,441 10,716
356,377 116,760
CREDITORS
Amounts falling due within one year 6 392,648 225,247
NET CURRENT LIABILITIES (36,271 ) (108,487 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,804

55,697

CREDITORS
Amounts falling due after more than one year 7 (123,998 ) (22,183 )

PROVISIONS FOR LIABILITIES 9 (47,913 ) -
NET ASSETS 140,893 33,514

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 140,793 33,414
SHAREHOLDERS' FUNDS 140,893 33,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TREST LIMITED (REGISTERED NUMBER: 13741194)

Balance Sheet - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:





Mr R Davidson - Director


TREST LIMITED (REGISTERED NUMBER: 13741194)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Trest Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 50% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 1 ) .

TREST LIMITED (REGISTERED NUMBER: 13741194)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 792 185,030 2,424 188,246
Additions 11,511 293,144 5,281 309,936
At 30 November 2023 12,303 478,174 7,705 498,182
DEPRECIATION
At 1 December 2022 2 23,836 224 24,062
Charge for year 1,087 122,390 1,568 125,045
At 30 November 2023 1,089 146,226 1,792 149,107
NET BOOK VALUE
At 30 November 2023 11,214 331,948 5,913 349,075
At 30 November 2022 790 161,194 2,200 164,184

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 153,824 69,246
Other debtors 1,562 -
155,386 69,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 96,094 24,523
Trade creditors 58,054 19,436
Taxation and social security 20,499 738
Other creditors 218,001 180,550
392,648 225,247

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 123,998 22,183

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 220,092 46,706

9. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 47,913 -

TREST LIMITED (REGISTERED NUMBER: 13741194)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 47,913
Balance at 30 November 2023 47,913

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
50 Ordinary A 50 50 50
50 Ordinary B 50 50 50
100 100