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REGISTERED NUMBER: 07219996 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

TROWLOCK SOLUTIONS LIMITED

TROWLOCK SOLUTIONS LIMITED (REGISTERED NUMBER: 07219996)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TROWLOCK SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J A Ross
P E Bazalgette





REGISTERED OFFICE: Room 73, Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 07219996 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

TROWLOCK SOLUTIONS LIMITED (REGISTERED NUMBER: 07219996)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 28,712 38,309
28,712 38,309

CURRENT ASSETS
Debtors 7 21,600 11,141
Cash at bank 6,422 13,485
28,022 24,626
CREDITORS
Amounts falling due within one year 8 35,439 20,339
NET CURRENT (LIABILITIES)/ASSETS (7,417 ) 4,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,295

42,596

CREDITORS
Amounts falling due after more than one year 9 18,769 22,024
NET ASSETS 2,526 20,572

CAPITAL AND RESERVES
Called up share capital 10 2,200 2,200
Retained earnings 326 18,372
SHAREHOLDERS' FUNDS 2,526 20,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 19 August 2024 and were signed on its behalf by:





J A Ross - Director


TROWLOCK SOLUTIONS LIMITED (REGISTERED NUMBER: 07219996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Trowlock Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, has been
amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to surplus or deficit over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TROWLOCK SOLUTIONS LIMITED (REGISTERED NUMBER: 07219996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 10,000
Amortisation
At 1 May 2023
and 30 April 2024 10,000
Net book value
At 30 April 2024 -
At 30 April 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023
and 30 April 2024 518 35,821 18,262 54,601
Depreciation
At 1 May 2023 181 1,493 14,618 16,292
Charge for year 104 8,582 911 9,597
At 30 April 2024 285 10,075 15,529 25,889
Net book value
At 30 April 2024 233 25,746 2,733 28,712
At 30 April 2023 337 34,328 3,644 38,309

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,656 10,775
Other debtors 6,946 -
Prepayments and accrued income 998 366
21,600 11,141

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,255 3,255
Trade creditors 181 -
Corporation tax 14,582 10,091
Social security and other taxes 5,754 -
VAT 8,935 5,838
Director's loan account - 223
Accruals and deferred income 2,732 932
35,439 20,339

Obligations held under hire purchase contracts are secured on the assets concerned.

TROWLOCK SOLUTIONS LIMITED (REGISTERED NUMBER: 07219996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 18,769 22,024

Obligations held under hire purchase contracts are secured on the assets concerned.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary £1 2,000 2,000
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
2,200 2,200

All share classes in issue rank pari-passu in all respects.

11. RELATED PARTY DISCLOSURES

Within other debtors is an amount of £6,946 (2023: creditor of £223) due from J A Ross and P E Bazalgette, directors. During the year advances of £105,541 and repayments of £98,372 were made in respect of this loan. No interest has been charged on this balance during the year (2023: £Nil). The loan was repaid via a post year end dividend.