0 01/09/2023 31/08/2024 2024-08-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-09-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09715762 2023-09-01 2024-08-31 09715762 2024-08-31 09715762 2023-08-31 09715762 2022-09-01 2023-08-31 09715762 2023-08-31 09715762 2022-08-31 09715762 core:PlantMachinery 2023-09-01 2024-08-31 09715762 core:MotorVehicles 2023-09-01 2024-08-31 09715762 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 09715762 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 09715762 bus:Director1 2023-09-01 2024-08-31 09715762 bus:Director2 2023-09-01 2024-08-31 09715762 bus:Director3 2023-09-01 2024-08-31 09715762 core:PlantMachinery 2023-08-31 09715762 core:FurnitureFittingsToolsEquipment 2023-08-31 09715762 core:MotorVehicles 2023-08-31 09715762 core:PlantMachinery 2024-08-31 09715762 core:FurnitureFittingsToolsEquipment 2024-08-31 09715762 core:MotorVehicles 2024-08-31 09715762 core:DeferredTaxation 2023-09-01 2024-08-31 09715762 core:WithinOneYear 2024-08-31 09715762 core:WithinOneYear 2023-08-31 09715762 core:AfterOneYear 2024-08-31 09715762 core:AfterOneYear 2023-08-31 09715762 core:UKTax 2023-09-01 2024-08-31 09715762 core:UKTax 2022-09-01 2023-08-31 09715762 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 09715762 core:ShareCapital 2024-08-31 09715762 core:ShareCapital 2023-08-31 09715762 core:RetainedEarningsAccumulatedLosses 2024-08-31 09715762 core:RetainedEarningsAccumulatedLosses 2023-08-31 09715762 bus:OrdinaryShareClass1 core:ShareCapital 2024-08-31 09715762 bus:OrdinaryShareClass1 core:ShareCapital 2023-08-31 09715762 core:AcceleratedTaxDepreciationDeferredTax 2024-08-31 09715762 core:AcceleratedTaxDepreciationDeferredTax 2023-08-31 09715762 core:PlantMachinery 2023-08-31 09715762 core:FurnitureFittingsToolsEquipment 2023-08-31 09715762 core:MotorVehicles 2023-08-31 09715762 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-08-31 09715762 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-08-31 09715762 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-31 09715762 core:DeferredTaxation 2023-08-31 09715762 core:DeferredTaxation 2024-08-31 09715762 bus:SmallEntities 2023-09-01 2024-08-31 09715762 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09715762 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09715762 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09715762 bus:FullAccounts 2023-09-01 2024-08-31
Company registration number: 09715762
TRUNDLEY PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 August 2024
TRUNDLEY PROPERTIES LIMITED
Contents
Directors report
Accountant's report
Statement of financial position
Notes to the financial statements
TRUNDLEY PROPERTIES LIMITED
Directors report
Year ended 31 August 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2024.
Directors
The directors who served the company during the year were as follows:
Mr I P Trundley
Mrs K E Trundley
Mr B Trundley
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 25 November 2024 and signed on behalf of the board by:
Mr I P Trundley
Director
TRUNDLEY PROPERTIES LIMITED
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of Trundley Properties Limited
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Trundley Properties Limited for the year ended 31 August 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Trundley Properties Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of Trundley Properties Limited and state those matters that we have agreed to state to the board of directors of Trundley Properties Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Trundley Properties Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that Trundley Properties 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 Trundley Properties Limited. You consider that Trundley Properties Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Trundley Properties Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Robert Pola
Chartered Accountant
2 Low Road
Congham
Kings Lynn
Norfolk
PE32 1AE
25 November 2024
TRUNDLEY PROPERTIES LIMITED
Statement of financial position
31 August 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 496,679 448,569
_______ _______
496,679 448,569
Current assets
Stocks 408,395 578,944
Debtors 6 361,647 132,267
Cash at bank and in hand 256,976 114,509
_______ _______
1,027,018 825,720
Creditors: amounts falling due
within one year 7 ( 415,782) ( 348,506)
_______ _______
Net current assets 611,236 477,214
_______ _______
Total assets less current liabilities 1,107,915 925,783
Creditors: amounts falling due
after more than one year 8 ( 11,488) ( 4,397)
Provisions for liabilities 9 ( 94,369) ( 85,228)
_______ _______
Net assets 1,002,058 836,158
_______ _______
Capital and reserves
Called up share capital 11 1,000 1,000
Profit and loss account 1,001,058 835,158
_______ _______
Shareholders funds 1,002,058 836,158
_______ _______
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 November 2024 , and are signed on behalf of the board by:
Mr I P Trundley
Director
Company registration number: 09715762
TRUNDLEY PROPERTIES LIMITED
Notes to the financial statements
Year ended 31 August 2024
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
3. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 90,304 73,674
_______ _______
4. Tax on profit
Major components of tax expense
2024 2023
£ £
Current tax:
UK current tax expense 48,311 102,440
_______ _______
Deferred tax:
Origination and reversal of timing differences 9,141 1,040
_______ _______
Tax on profit 57,452 103,480
_______ _______
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 366,844 35,046 300,511 702,401
Additions 4,210 3,068 197,212 204,490
Disposals ( 29,200) - ( 59,440) ( 88,640)
_______ _______ _______ _______
At 31 August 2024 341,854 38,114 438,283 818,251
_______ _______ _______ _______
Depreciation
At 1 September 2023 140,490 11,202 102,140 253,832
Charge for the year 30,584 3,771 55,949 90,304
Disposals ( 5,582) - ( 16,982) ( 22,564)
_______ _______ _______ _______
At 31 August 2024 165,492 14,973 141,107 321,572
_______ _______ _______ _______
Carrying amount
At 31 August 2024 176,362 23,141 297,176 496,679
_______ _______ _______ _______
At 31 August 2023 226,354 23,844 198,371 448,569
_______ _______ _______ _______
Obligations under finance leases
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery Motor vehicles
£ £
At 31 August 2024 19,287 32,104
_______ _______
At 31 August 2023 51,180 -
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 323,924 89,557
Other debtors 37,723 42,710
_______ _______
361,647 132,267
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 221,086 166,944
Corporation tax 48,311 102,440
Social security and other taxes 123,236 58,274
Other creditors 23,149 20,848
_______ _______
415,782 348,506
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 11,488 4,397
_______ _______
9. Provisions
Deferred tax (note 10) Total
£ £
At 1 September 2023 85,228 85,228
Additions 9,141 9,141
_______ _______
At 31 August 2024 94,369 94,369
_______ _______
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024 2023
£ £
Included in provisions (note 9) 94,369 85,228
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2024 2023
£ £
Accelerated capital allowances 94,369 85,228
_______ _______
11. Called up share capital
Authorised share capital
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 1,000 1,000 1,000 1,000
_______ _______ _______ _______
Issued, called up and fully paid
2024 2023
No £ No £
Ordinary shares of £ 1.00 each 1,000 1,000 1,000 1,000
_______ _______ _______ _______