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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
Page
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Trojan Access Ltd Company Information for the year ended 31 March 2024
Director
Mitchell Porter
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
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Trojan Access Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
998,422 
1,336,392 
Current assets
Debtors
492,358 
587,612 
Cash at bank and in hand
227,713 
161 
720,071 
587,773 
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
Deferred tax
(189,700)
- 
Net assets
92,522 
469,003 
Capital and reserves
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
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Trojan Access Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 taxation
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.
Leased assets
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.
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Trojan Access Ltd Notes to the Accounts for the year ended 31 March 2024
Pension costs
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
25,317 
17,394 
Trade debtors
222,292 
471,416 
Amounts due from group undertakings etc.
239,389 
97,189 
Other debtors
5,360 
1,613 
492,358 
587,612 
6
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 
Other creditors
524 
490 
Loans from directors
87,700 
2 
Accruals
7,912 
- 
893,015 
624,256 
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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 
543,256 
830,906 
8
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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