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Company Registration No. 14782515 (England and Wales)
TR Ventilation Ltd Unaudited accounts for the period from 5 April 2023 to 31 March 2024
TR Ventilation Ltd Unaudited accounts Contents
Page
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TR Ventilation Ltd Company Information for the period from 5 April 2023 to 31 March 2024
Directors
CD Tong MD Tong NJ Robinson
Company Number
14782515 (England and Wales)
Registered Office
5 Hamburg Technology Park Hamburg Road Hull East Riding of Yorkshire HU7 0WD England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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TR Ventilation Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
126,069 
Current assets
Debtors
333,507 
Cash at bank and in hand
348,767 
682,274 
Creditors: amounts falling due within one year
(570,287)
Net current assets
111,987 
Total assets less current liabilities
238,056 
Creditors: amounts falling due after more than one year
(8,226)
Provisions for liabilities
Deferred tax
(31,517)
Net assets
198,313 
Capital and reserves
Called up share capital
2 
Profit and loss account
198,311 
Shareholders' funds
198,313 
For the period 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 directors acknowledge their 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 of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by
NJ Robinson Director Company Registration No. 14782515
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TR Ventilation Ltd Notes to the Accounts for the period from 5 April 2023 to 31 March 2024
1
Statutory information
TR Ventilation Ltd is a private company, limited by shares, registered in England and Wales, registration number 14782515. The registered office is 5 Hamburg Technology Park, Hamburg Road, Hull, East Riding of Yorkshire, HU7 0WD, England.
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 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% on Cost
Motor vehicles
25% on Reducing Balance
Fixtures & fittings
10% on Cost
Computer equipment
33% on Cost
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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TR Ventilation Ltd Notes to the Accounts for the period from 5 April 2023 to 31 March 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
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
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 5 April 2023
- 
- 
- 
- 
Additions
87,599 
54,942 
697 
143,238 
At 31 March 2024
87,599 
54,942 
697 
143,238 
Depreciation
Charge for the period
13,376 
3,563 
230 
17,169 
At 31 March 2024
13,376 
3,563 
230 
17,169 
Net book value
At 31 March 2024
74,223 
51,379 
467 
126,069 
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
22,948 
Trade debtors
310,559 
333,507 
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TR Ventilation Ltd Notes to the Accounts for the period from 5 April 2023 to 31 March 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
3,656 
Trade creditors
422,235 
Taxes and social security
37,381 
Other creditors
7,458 
Loans from directors
98,357 
Accruals
1,200 
570,287 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
8,226 
8
Average number of employees
During the period the average number of employees was 7.
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