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TRENT SCALES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






TRENT SCALES LIMITED (REGISTERED NUMBER: 00795004)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRENT SCALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M R Brown





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 00795004 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

TRENT SCALES LIMITED (REGISTERED NUMBER: 00795004)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 54,183 8,131
54,183 8,131

CURRENT ASSETS
Stocks 112,734 109,045
Debtors 6 100,354 146,536
Cash at bank 122,782 79,428
335,870 335,009
CREDITORS
Amounts falling due within one year 7 223,024 208,540
NET CURRENT ASSETS 112,846 126,469
TOTAL ASSETS LESS CURRENT LIABILITIES 167,029 134,600

CREDITORS
Amounts falling due after more than one year 8 (46,042 ) (21,669 )

PROVISIONS FOR LIABILITIES 10 (2,700 ) -
NET ASSETS 118,287 112,931

CAPITAL AND RESERVES
Called up share capital 11 20,800 20,800
Share premium 1,200 1,200
Retained earnings 96,287 90,931
SHAREHOLDERS' FUNDS 118,287 112,931

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

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

TRENT SCALES LIMITED (REGISTERED NUMBER: 00795004)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





M R Brown - Director


TRENT SCALES LIMITED (REGISTERED NUMBER: 00795004)

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


1. STATUTORY INFORMATION

Trent Scales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Software - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and 20% on cost

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 Statement of Income and Retained Earnings, 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.


TRENT SCALES LIMITED (REGISTERED NUMBER: 00795004)

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


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

TRENT SCALES LIMITED (REGISTERED NUMBER: 00795004)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery Software vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 6,000 7,280 44,614 5,426 63,320
Additions - - 56,420 1,815 58,235
Disposals - - (35,546 ) - (35,546 )
At 31 March 2024 6,000 7,280 65,488 7,241 86,009
DEPRECIATION
At 1 April 2023 5,350 7,280 38,569 3,990 55,189
Charge for year 164 - 10,495 1,524 12,183
Eliminated on disposal - - (35,546 ) - (35,546 )
At 31 March 2024 5,514 7,280 13,518 5,514 31,826
NET BOOK VALUE
At 31 March 2024 486 - 51,970 1,727 54,183
At 31 March 2023 650 - 6,045 1,436 8,131


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 68,700 115,672
Other debtors 31,654 30,864
100,354 146,536

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,998
Hire purchase contracts 12,477 -
Trade creditors 71,301 84,603
Taxation and social security 123,690 102,053
Other creditors 5,556 11,886
223,024 208,540

TRENT SCALES LIMITED (REGISTERED NUMBER: 00795004)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 11,667 21,669
Hire purchase contracts 34,375 -
46,042 21,669

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 46,852 -
Close Brothers Invoice Finance 37,289 69,275
84,141 69,275

Amounts owed to Close Brothers for invoice discounting are secured on the trade debtors of the company.
Amounts owed on hire purchase are secured against the assets concerned.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,700 -

Deferred
tax
£   
Provided during year 2,700
Balance at 31 March 2024 2,700

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
20,800 Ordinary £1 20,800 20,800