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REGISTERED NUMBER: 03746679 (England and Wales)















TRULAND CONSTRUCTION LIMITED

Unaudited Financial Statements

for the Period 12 November 2022 to 31 March 2024






TRULAND CONSTRUCTION LIMITED (REGISTERED NUMBER: 03746679)






Contents of the Financial Statements
for the period 12 November 2022 to 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


TRULAND CONSTRUCTION LIMITED

Company Information
for the period 12 November 2022 to 31 March 2024







Director: J L Rudge



Registered office: Foregates
Holmer
Hereford
Herefordshire
HR4 9RJ



Registered number: 03746679 (England and Wales)



Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX



Bankers: Lloyds TSB
6-8 High Town
Hereford
HR1 2AE

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Truland Construction Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Truland Construction Limited for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Truland Construction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Truland Construction Limited and state those matters that we have agreed to state to the director of Truland Construction Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Truland Construction Limited and its director for our work or for this report.

It is your duty to ensure that Truland Construction Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Truland Construction Limited. You consider that Truland Construction Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Truland Construction Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


14 October 2024

TRULAND CONSTRUCTION LIMITED (REGISTERED NUMBER: 03746679)

Balance Sheet
31 March 2024

2024 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 111,897 101,095
Investment property 5 - 115,000
111,897 216,095

Current assets
Debtors 6 1,935,830 1,541,621
Cash at bank and in hand 311,195 150,187
2,247,025 1,691,808
Creditors
Amounts falling due within one year 7 288,486 190,042
Net current assets 1,958,539 1,501,766
Total assets less current liabilities 2,070,436 1,717,861

Creditors
Amounts falling due after more than one year 8 (14,388 ) -

Provisions for liabilities (14,664 ) (17,272 )
Net assets 2,041,384 1,700,589

Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 10 - (8,965 )
Retained earnings 2,040,384 1,708,554
2,041,384 1,700,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

TRULAND CONSTRUCTION LIMITED (REGISTERED NUMBER: 03746679)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2024 and were signed by:





J L Rudge - Director


TRULAND CONSTRUCTION LIMITED (REGISTERED NUMBER: 03746679)

Notes to the Financial Statements
for the period 12 November 2022 to 31 March 2024

1. Statutory information

Truland Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of goods and services supplied, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

TRULAND CONSTRUCTION LIMITED (REGISTERED NUMBER: 03746679)

Notes to the Financial Statements - continued
for the period 12 November 2022 to 31 March 2024

3. Employees and directors

The average number of employees during the period was 10 (2022 - 14 ) .

4. Tangible fixed assets
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 12 November 2022 7,000 163,707 117,595 7,124 295,426
Additions - 7,052 49,445 7,318 63,815
Disposals - - (29,990 ) - (29,990 )
At 31 March 2024 7,000 170,759 137,050 14,442 329,251
Depreciation
At 12 November 2022 6,241 106,671 77,432 3,987 194,331
Charge for period 759 15,746 14,248 3,292 34,045
Eliminated on disposal - - (11,022 ) - (11,022 )
At 31 March 2024 7,000 122,417 80,658 7,279 217,354
Net book value
At 31 March 2024 - 48,342 56,392 7,163 111,897
At 11 November 2022 759 57,036 40,163 3,137 101,095

5. Investment property
Total
£   
Fair value
At 12 November 2022 115,000
Disposals (115,000 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 11 November 2022 115,000

6. Debtors: amounts falling due within one year
2024 2022
£    £   
Trade debtors 406,013 258,318
Amounts owed by group undertakings 1,498,446 1,250,319
Amounts recoverable on contract - 2,400
Other debtors 31,371 30,584
1,935,830 1,541,621

TRULAND CONSTRUCTION LIMITED (REGISTERED NUMBER: 03746679)

Notes to the Financial Statements - continued
for the period 12 November 2022 to 31 March 2024

7. Creditors: amounts falling due within one year
2024 2022
£    £   
Hire purchase contracts (see note 9) 4,314 -
Trade creditors 106,968 112,773
Taxation and social security 161,706 11,842
Other creditors 15,498 65,427
288,486 190,042

8. Creditors: amounts falling due after more than one year
2024 2022
£    £   
Hire purchase contracts (see note 9) 14,388 -

9. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2022
£    £   
Net obligations repayable:
Within one year 4,314 -
Between one and five years 14,388 -
18,702 -

10. Reserves
Revaluation
reserve
£   
At 12 November 2022 (8,965 )
Release on sale 8,965

At 31 March 2024 -

11. Ultimate parent undertaking and controlling party

The ultimate parent undertaking is Stonetusk Ltd, a company registered in England and Wales. Its registered office address is 104 Barnwood Road, Gloucester, United Kingdom, GL4 3JH and its registered number is 13563790.

The ultimate controlling party is Mr J Rudge.

12. Operating lease commitments

No lease is in place in relation to the rent paid for the company's office.