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REGISTERED NUMBER: 06368804 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 30 November 2023

for

TRS Holdings Limited

TRS Holdings Limited (Registered number: 06368804)






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


TRS Holdings Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mr William John Robinson
Mr Paul Michael Robinson





SECRETARY: Mr William John Robinson





REGISTERED OFFICE: Ulleswater Street Garage
Ulleswater Street
Bolton
BL1 8LZ





REGISTERED NUMBER: 06368804 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

TRS Holdings Limited (Registered number: 06368804)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 436,319 328,856
Investments 6 300 300
436,619 329,156

CURRENT ASSETS
Debtors 7 99,799 103,544
Cash at bank and in hand 134,295 155,693
234,094 259,237
CREDITORS
Amounts falling due within one year 8 50,515 76,708
NET CURRENT ASSETS 183,579 182,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,198

511,685

PROVISIONS FOR LIABILITIES 9 60,726 39,620
NET ASSETS 559,472 472,065

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 559,372 471,965
SHAREHOLDERS' FUNDS 559,472 472,065

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 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.

TRS Holdings Limited (Registered number: 06368804)

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 Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:




Mr William John Robinson - Director



Mr Paul Michael Robinson - Director


TRS Holdings Limited (Registered number: 06368804)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

TRS Holdings 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten 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 each asset over its estimated useful life.
Freehold land & buildings - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

TRS Holdings Limited (Registered number: 06368804)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 149,999
AMORTISATION
At 1 December 2022
and 30 November 2023 149,999
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Improvements
land & to Plant and
buildings property machinery
£    £    £   
COST
At 1 December 2022 123,549 62,824 76,341
Additions - - 8,150
Disposals - - -
At 30 November 2023 123,549 62,824 84,491
DEPRECIATION
At 1 December 2022 15,021 51,022 49,369
Charge for year 2,145 1,476 2,780
Eliminated on disposal - - -
At 30 November 2023 17,166 52,498 52,149
NET BOOK VALUE
At 30 November 2023 106,383 10,326 32,342
At 30 November 2022 108,528 11,802 26,972

TRS Holdings Limited (Registered number: 06368804)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 804 469,308 43 732,869
Additions - 162,750 - 170,900
Disposals - (17,000 ) - (17,000 )
At 30 November 2023 804 615,058 43 886,769
DEPRECIATION
At 1 December 2022 651 287,907 43 404,013
Charge for year 15 56,794 - 63,210
Eliminated on disposal - (16,773 ) - (16,773 )
At 30 November 2023 666 327,928 43 450,450
NET BOOK VALUE
At 30 November 2023 138 287,130 - 436,319
At 30 November 2022 153 181,401 - 328,856

Included in cost of land and buildings is freehold land of £ 16,259 (2022 - £ 16,259 ) which is not depreciated.

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 December 2022
and 30 November 2023 300
NET BOOK VALUE
At 30 November 2023 300
At 30 November 2022 300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 46,157 56,768
VAT 764 -
Prepayments 52,878 46,776
99,799 103,544

TRS Holdings Limited (Registered number: 06368804)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 49,361 45,033
VAT - 521
Directors' current accounts 409 30,409
Accrued expenses 745 745
50,515 76,708

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 60,726 39,620

Deferred
tax
£   
Balance at 1 December 2022 39,620
Provided during year 21,106
Balance at 30 November 2023 60,726

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

TRS Holdings Limited (Registered number: 06368804)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

11. RELATED PARTY DISCLOSURES

T Robinson & Sons Ltd
100% subsidiary

2023 2022
£ £
Amount due from related party at balance sheet date - 18,395

Robinsons Recovery Ltd
100% subsidiary

During the year the company received £19,200 for rent and £15,001 for insurance from Robinsons Recovery Ltd.

2023 2022
£ £
Amount due to related party at balance sheet date 12,450 27,630

T Robinson & Sons (Bolton) Ltd
100% subsidiary

During the year the company received £20,581 for rent, £15,001 for insurance and £50,000 for royalties, the company also paid £287 for goods from T Robinson & Sons (Bolton) Ltd.

2023 2022
£ £
Amount due from related party at balance sheet date 58,607 68,614

Mr William John Robinson
Director

2023 2022
£ £
Amount due to related party at balance sheet date 162 15,162

Mr Paul Michael Robinson
Director

2023 2022
£ £
Amount due to related party at balance sheet date 247 15,247