Registered number
05079582
Trainbreeze Limited
Filleted Accounts
31 March 2024
Trainbreeze Limited
Registered number: 05079582
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 138,572 107,386
Current assets
Stocks 175,548 184,100
Debtors 4 29,309 32,691
Cash at bank and in hand 39,513 2,934
244,370 219,725
Creditors: amounts falling due within one year 5 (221,814) (154,728)
Net current assets 22,556 64,997
Total assets less current liabilities 161,128 172,383
Creditors: amounts falling due after more than one year 6 (34,038) (102,992)
Net assets 127,090 69,391
Capital and reserves
Called up share capital 100 100
Profit and loss account 126,990 69,291
Shareholders' funds 127,090 69,391
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
….................................
MA Mukhtar
Director
Approved by the board on 26 June 2024
Trainbreeze Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance basis
Fixtures, fittings, tools and equipment 15% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 13
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 656,381 8,500 664,881
Additions 20,552 39,850 60,402
At 31 March 2024 676,933 48,350 725,283
Depreciation
At 1 April 2023 549,633 7,862 557,495
Charge for the year 19,094 10,122 29,216
At 31 March 2024 568,727 17,984 586,711
Net book value
At 31 March 2024 108,206 30,366 138,572
At 31 March 2023 106,748 638 107,386
4 Debtors 2024 2023
£ £
Trade debtors 15,191 17,002
Other debtors 14,118 15,689
29,309 32,691
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 743
Trade creditors 121,224 125,338
Taxation and social security costs 35,393 12,875
Other creditors 65,197 15,772
221,814 154,728
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,038 102,992
7 Other information
Trainbreeze Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 New George Street
South Shields
Tyne & Wear
NE33 5DU
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