2022-09-012023-08-312023-08-31false09732765TREC DEVELOPMENTS 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TREC DEVELOPMENTS LIMITED

Registered Number
09732765
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

TREC DEVELOPMENTS LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

TAYLOR, Andrew

Registered Address

3rd Floor 86-90 Paul Street
London
EC2A 4NE

Registered Number

09732765 (England and Wales)
TREC DEVELOPMENTS LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,5681,264
2,5681,264
Current assets
Debtors181,517155,291
Cash at bank and on hand64,28740,548
245,804195,839
Creditors amounts falling due within one year4(147,785)(138,296)
Net current assets (liabilities)98,01957,543
Total assets less current liabilities100,58758,807
Creditors amounts falling due after one year5(41,715)(46,439)
Net assets58,87212,368
Capital and reserves
Called up share capital100100
Profit and loss account58,77212,268
Shareholders' funds58,87212,368
The financial statements were approved and authorised for issue by the Director on 28 August 2024, and are signed on its behalf by:
TAYLOR, Andrew
Director
Registered Company No. 09732765
TREC DEVELOPMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 September 223,9003,600-2,70110,201
Additions---1,9441,944
At 31 August 233,9003,600-4,64512,145
Depreciation and impairment
At 01 September 223,9002,986-2,0518,937
Charge for year-153487-640
At 31 August 233,9003,1394872,0519,577
Net book value
At 31 August 23-461(487)2,5942,568
At 31 August 22-614-6501,264
4.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties95,18397,208
Taxation and social security50,60228,026
Other creditors-9,562
Accrued liabilities and deferred income2,0003,500
Total147,785138,296
5.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts41,71546,439
Total41,71546,439