Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-294The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2023-03-01No description of principal activity4truetruefalse 09877710 2023-03-01 2024-02-29 09877710 2022-03-01 2023-02-28 09877710 2024-02-29 09877710 2023-02-28 09877710 c:Director1 2023-03-01 2024-02-29 09877710 d:PlantMachinery 2023-03-01 2024-02-29 09877710 d:PlantMachinery 2024-02-29 09877710 d:PlantMachinery 2023-02-28 09877710 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09877710 d:FurnitureFittings 2023-03-01 2024-02-29 09877710 d:FurnitureFittings 2024-02-29 09877710 d:FurnitureFittings 2023-02-28 09877710 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09877710 d:ComputerEquipment 2023-03-01 2024-02-29 09877710 d:ComputerEquipment 2024-02-29 09877710 d:ComputerEquipment 2023-02-28 09877710 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09877710 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 09877710 d:CurrentFinancialInstruments 2024-02-29 09877710 d:CurrentFinancialInstruments 2023-02-28 09877710 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 09877710 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 09877710 d:ShareCapital 2024-02-29 09877710 d:ShareCapital 2023-02-28 09877710 d:RetainedEarningsAccumulatedLosses 2024-02-29 09877710 d:RetainedEarningsAccumulatedLosses 2023-02-28 09877710 c:FRS102 2023-03-01 2024-02-29 09877710 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 09877710 c:FullAccounts 2023-03-01 2024-02-29 09877710 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 09877710 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 09877710










TRL9 LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
TRL9 LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRL9 LIMITED
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TRL9 Limited for the year ended 29 February 2024 which comprise  the Balance Sheet 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of TRL9 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of TRL9 Limited and state those matters that we have agreed to state to the Board of Directors of TRL9 Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TRL9 Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that TRL9 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 TRL9 Limited. You consider that TRL9 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of TRL9 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.

  



Kinnair Associates Limited
 
Chartered Accountants
  
Aston House
Redburn Road
Newcastle upon Tyne
NE5 1NB
19 November 2024
Page 1

 
TRL9 LIMITED
REGISTERED NUMBER: 09877710

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,083
10,523

  
6,083
10,523

Current assets
  

Debtors: amounts falling due within one year
 5 
265,817
275,466

Cash at bank and in hand
  
251,474
263,824

  
517,291
539,290

Creditors: amounts falling due within one year
 6 
(147,060)
(177,799)

Net current assets
  
 
 
370,231
 
 
361,491

Total assets less current liabilities
  
376,314
372,014

Provisions for liabilities
  

Deferred tax
  
(1,521)
(2,631)

  
 
 
(1,521)
 
 
(2,631)

Net assets
  
374,793
369,383


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
374,792
369,382

  
374,793
369,383


Page 2

 
TRL9 LIMITED
REGISTERED NUMBER: 09877710
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 November 2024.





Dr B W Allcock
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

TRL9 Limited is a private company limited by shares incorporated in England and Wales (Company  Number: 09877710). The registered office is Aston House, Redburn Road, Newcastle upon Tyne, NE5 1NB. The business address is Muckles Yard, Bridge Street, Rothbury, Morpeth, Northumberland, NE65 7SG.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in pounds sterling, which is the functional currency of the Company. 
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal 
accounting policies adopted are set out below.

 
2.2

Foreign currency translation

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 4

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Pensions

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight line
Fixtures and fittings
-
20%
straight line
Computer equipment
-
33%
straight line

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 March 2023
3,335
6,438
7,717
17,490


Additions
-
-
745
745



At 29 February 2024

3,335
6,438
8,462
18,235



Depreciation


At 1 March 2023
267
(748)
7,448
6,967


Charge for the year on owned assets
668
1,287
3,230
5,185



At 29 February 2024

935
539
10,678
12,152



Net book value



At 29 February 2024
2,400
5,899
(2,216)
6,083



At 28 February 2023
3,068
7,186
269
10,523

Page 7

 
TRL9 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
255,667
271,046

Other debtors
1,650
3,662

Prepayments and accrued income
8,500
758

265,817
275,466



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
106,304
130,951

Other taxation and social security
35,834
37,700

Other creditors
65
263

Accruals and deferred income
4,857
8,885

147,060
177,799


 
Page 8