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REGISTERED NUMBER: 02096102 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

J. R. TROLLEYS LIMITED

J. R. TROLLEYS LIMITED (REGISTERED NUMBER: 02096102)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. R. TROLLEYS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J R Howe





REGISTERED OFFICE: Cheribourne House
45a Station Road
Willington
Bedford
Bedfordshire
MK44 3QL





REGISTERED NUMBER: 02096102 (England and Wales)





ACCOUNTANTS: Baker Noel
Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL

J. R. TROLLEYS LIMITED (REGISTERED NUMBER: 02096102)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221,327 238,740

CURRENT ASSETS
Stocks 53,122 29,380
Debtors 5 334,777 170,654
Cash at bank 158,040 211,135
545,939 411,169
CREDITORS
Amounts falling due within one year 6 252,478 138,794
NET CURRENT ASSETS 293,461 272,375
TOTAL ASSETS LESS CURRENT
LIABILITIES

514,788

511,115

CREDITORS
Amounts falling due after more than one
year

7

(11,670

)

(21,667

)

PROVISIONS FOR LIABILITIES (11,207 ) (12,617 )
NET ASSETS 491,911 476,831

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 12,222 13,081
Retained earnings 479,589 463,650
SHAREHOLDERS' FUNDS 491,911 476,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

J. R. TROLLEYS LIMITED (REGISTERED NUMBER: 02096102)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 26 July 2024 and were signed by:





J R Howe - Director


J. R. TROLLEYS LIMITED (REGISTERED NUMBER: 02096102)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

J. R. Trolleys 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% 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 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.

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.

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 6 (2023 - 6 ) .

J. R. TROLLEYS LIMITED (REGISTERED NUMBER: 02096102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 April 2023 341,362 352,184 3,029
Additions - 4,104 -
At 31 March 2024 341,362 356,288 3,029
DEPRECIATION
At 1 April 2023 157,098 331,339 301
Charge for year 6,827 10,924 606
At 31 March 2024 163,925 342,263 907
NET BOOK VALUE
At 31 March 2024 177,437 14,025 2,122
At 31 March 2023 184,264 20,845 2,728

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 144,453 1,774 842,802
Additions 15,423 1,777 21,304
At 31 March 2024 159,876 3,551 864,106
DEPRECIATION
At 1 April 2023 115,047 277 604,062
Charge for year 19,633 727 38,717
At 31 March 2024 134,680 1,004 642,779
NET BOOK VALUE
At 31 March 2024 25,196 2,547 221,327
At 31 March 2023 29,406 1,497 238,740

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2006 52,995 - -
Cost 288,367 356,288 3,029
341,362 356,288 3,029

J. R. TROLLEYS LIMITED (REGISTERED NUMBER: 02096102)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2006 - - 52,995
Cost 159,876 3,551 811,111
159,876 3,551 864,106

If freehold property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 288,367 288,367
Aggregate depreciation 114,492 114,492

Freehold property was valued on an open market basis on 31 March 2006 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 304,723 164,314
Other debtors 30,054 6,340
334,777 170,654

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 92,964 21,607
Taxation and social security 30,808 23,831
Other creditors 118,706 83,356
252,478 138,794

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,670 21,667