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REGISTERED NUMBER: 07488658 (England and Wales)















TRUMAX BUILDING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






TRUMAX BUILDING LTD (REGISTERED NUMBER: 07488658)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRUMAX BUILDING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: M L Lambert





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 07488658 (England and Wales)






TRUMAX BUILDING LTD (REGISTERED NUMBER: 07488658)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,691 104,299
Investment property 5 85,000 85,000
158,691 189,299

CURRENT ASSETS
Stocks - 480
Debtors 6 196,941 196,028
Cash at bank and in hand 34,235 82,393
231,176 278,901
CREDITORS
Amounts falling due within one year 7 159,735 152,822
NET CURRENT ASSETS 71,441 126,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,132

315,378

CREDITORS
Amounts falling due after more than one
year

8

(93,284

)

(101,733

)

PROVISIONS FOR LIABILITIES (14,001 ) (19,659 )
NET ASSETS 122,847 193,986

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 122,846 193,985
SHAREHOLDERS' FUNDS 122,847 193,986

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

TRUMAX BUILDING LTD (REGISTERED NUMBER: 07488658)

BALANCE SHEET - continued
31 JANUARY 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 24 October 2024 and were signed by:





M L Lambert - Director


TRUMAX BUILDING LTD (REGISTERED NUMBER: 07488658)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Trumax Building Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

TRUMAX BUILDING LTD (REGISTERED NUMBER: 07488658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 182,219
Additions 30,737
Disposals (74,551 )
At 31 January 2024 138,405
DEPRECIATION
At 1 February 2023 77,920
Charge for year 31,324
Eliminated on disposal (44,530 )
At 31 January 2024 64,714
NET BOOK VALUE
At 31 January 2024 73,691
At 31 January 2023 104,299

TRUMAX BUILDING LTD (REGISTERED NUMBER: 07488658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 13,495
DEPRECIATION
At 1 February 2023 11,093
Charge for year 600
At 31 January 2024 11,693
NET BOOK VALUE
At 31 January 2024 1,802
At 31 January 2023 2,402

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 85,000
NET BOOK VALUE
At 31 January 2024 85,000
At 31 January 2023 85,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 468 24,323
Amounts owed by associates 182,866 162,160
Other debtors 13,607 9,545
196,941 196,028

TRUMAX BUILDING LTD (REGISTERED NUMBER: 07488658)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,722 11,282
Trade creditors 5,411 69,427
Taxation and social security 726 1,897
Other creditors 141,876 70,216
159,735 152,822

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 93,284 101,733

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 46,396 56,604