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REGISTERED NUMBER: 06749633 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

TRC COMPANIES LTD.

TRC COMPANIES LTD. (REGISTERED NUMBER: 06749633)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRC COMPANIES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







Directors: Mr M Faecher
Ms W R Yao
Mr W Nitch-Smith





Secretary: Vistra Company Secretaries Limited





Registered office: Worldwide Corporate Advisors
150 Minories
The City
London
EC3N 1LS





Registered number: 06749633 (England and Wales)





Auditors: Fuller & Roper Limited
Chartered Accountants and Statutory Auditors
12 Old Mills Industrial Estate
Paulton
BS39 7SU

TRC COMPANIES LTD. (REGISTERED NUMBER: 06749633)

BALANCE SHEET
30 JUNE 2023

30/6/23 30/6/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 32,610 41,729
32,610 41,729

CURRENT ASSETS
Stocks 350,687 390,339
Debtors 6 1,238,428 1,100,495
Cash at bank 60,053 285,422
1,649,168 1,776,256
CREDITORS
Amounts falling due within one year 7 (1,484,019 ) (1,923,113 )
NET CURRENT ASSETS/(LIABILITIES) 165,149 (146,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,759

(105,128

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 196,759 (106,128 )
SHAREHOLDERS' FUNDS 197,759 (105,128 )

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 16 April 2024 and were signed on its behalf by:





Ms W R Yao - Director


TRC COMPANIES LTD. (REGISTERED NUMBER: 06749633)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

TRC Companies Ltd. 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.

The Company's functional and presentational currency is pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of environmental consulting services, excluding value added tax.

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.

Intangible Assets is being amortised evenly over its estimated useful life of three years.

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 etc - at varying rates on cost and straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

TRC COMPANIES LTD. (REGISTERED NUMBER: 06749633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 29 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 July 2022
and 30 June 2023 9,640
Amortisation
At 1 July 2022
and 30 June 2023 9,640
Net book value
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 July 2022 100,983
Additions 8,790
Exchange differences (4,287 )
At 30 June 2023 105,486
Depreciation
At 1 July 2022 59,254
Charge for year 16,672
Exchange differences (3,050 )
At 30 June 2023 72,876
Net book value
At 30 June 2023 32,610
At 30 June 2022 41,729

TRC COMPANIES LTD. (REGISTERED NUMBER: 06749633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 1,209,974 1,076,496
Other debtors 28,454 23,999
1,238,428 1,100,495

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade creditors 266,151 292,217
Amounts owed to group undertakings 1,021,811 1,401,087
Taxation and social security 15,032 76,932
Other creditors 181,025 152,877
1,484,019 1,923,113

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/6/23 30/6/22
£    £   
Within one year 163,884 129,248
Between one and five years 2,939 -
166,823 129,248

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Roper (Senior Statutory Auditor)
for and on behalf of Fuller & Roper Limited

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is considered to be TRC Companies Inc, a company incorporated in the United States of America.

The directors consider there to be no ultimate controlling party.

11. AMOUNTS OWED TO GROUP UNDERTAKINGS

Amount included as owed to group undertakings are unsecured, interest free and repayable on demand.