Company Registration No. 07948337 (England and Wales)
Trojan Access Ltd
Unaudited accounts
for the year ended 31 March 2024
Trojan Access Ltd
Unaudited accounts
Contents
Trojan Access Ltd
Company Information
for the year ended 31 March 2024
Company Number
07948337 (England and Wales)
Registered Office
First Floor, Churchill House
Third Avenue, Pensnett Trading Estate
Kingswinford
West Midlands
DY6 7XY
United Kingdom
Accountants
SL Accountancy Services Ltd
First Floor
Churchill House
Pensnett Trading Estate
West Midlands
DY6 7XZ
Trojan Access Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
998,422
1,336,392
Cash at bank and in hand
227,713
161
Creditors: amounts falling due within one year
(893,015)
(624,256)
Net current liabilities
(172,944)
(36,483)
Total assets less current liabilities
825,478
1,299,909
Creditors: amounts falling due after more than one year
(543,256)
(830,906)
Provisions for liabilities
Called up share capital
101
101
Profit and loss account
92,421
468,902
Shareholders' funds
92,522
469,003
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2024 and were signed on its behalf by
Mitchell Porter
Director
Company Registration No. 07948337
Trojan Access Ltd
Notes to the Accounts
for the year ended 31 March 2024
Trojan Access Ltd is a private company, limited by shares, registered in England and Wales, registration number 07948337. The registered office is First Floor, Churchill House, Third Avenue, Pensnett Trading Estate, Kingswinford, West Midlands, DY6 7XY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Trojan Access Ltd
Notes to the Accounts
for the year ended 31 March 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
2,059,871
86,229
13,203
5,340
2,164,643
Additions
41,014
-
-
-
41,014
Disposals
(288,384)
-
-
-
(288,384)
At 31 March 2024
1,812,501
86,229
13,203
5,340
1,917,273
At 1 April 2023
754,793
65,326
6,992
1,140
828,251
Charge for the year
240,956
4,181
1,242
840
247,219
On disposals
(156,619)
-
-
-
(156,619)
At 31 March 2024
839,130
69,507
8,234
1,980
918,851
At 31 March 2024
973,371
16,722
4,969
3,360
998,422
At 31 March 2023
1,305,078
20,903
6,211
4,200
1,336,392
Amounts falling due within one year
Trade debtors
222,292
471,416
Amounts due from group undertakings etc.
239,389
97,189
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
484,295
178,487
Obligations under finance leases and hire purchase contracts
192,175
289,280
Trade creditors
55,896
128,793
Taxes and social security
64,513
27,204
Loans from directors
87,700
2
Trojan Access Ltd
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
374,780
573,899
Obligations under finance leases and hire purchase contracts
168,476
257,007
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Average number of employees
During the year the average number of employees was 4 (2023: 5).