IRIS Accounts Production v24.3.0.553 01209523 director 1.6.23 31.5.24 31.5.24 false true false false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012095232023-05-31012095232024-05-31012095232023-06-012024-05-31012095232022-05-31012095232022-06-012023-05-31012095232023-05-3101209523ns15:EnglandWales2023-06-012024-05-3101209523ns14:PoundSterling2023-06-012024-05-3101209523ns10:Director12023-06-012024-05-3101209523ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3101209523ns10:SmallEntities2023-06-012024-05-3101209523ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3101209523ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3101209523ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3101209523ns10:FullAccounts2023-06-012024-05-310120952312023-06-012024-05-3101209523ns10:OrdinaryShareClass12023-06-012024-05-3101209523ns10:CompanySecretary12023-06-012024-05-3101209523ns10:RegisteredOffice2023-06-012024-05-3101209523ns5:CurrentFinancialInstruments2024-05-3101209523ns5:CurrentFinancialInstruments2023-05-3101209523ns5:Non-currentFinancialInstruments2024-05-3101209523ns5:Non-currentFinancialInstruments2023-05-3101209523ns5:ShareCapital2024-05-3101209523ns5:ShareCapital2023-05-3101209523ns5:RetainedEarningsAccumulatedLosses2024-05-3101209523ns5:RetainedEarningsAccumulatedLosses2023-05-3101209523ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3101209523ns5:PatentsTrademarksLicencesConcessionsSimilar2023-06-012024-05-3101209523ns5:LandBuildings2023-06-012024-05-3101209523ns5:PlantMachinery2023-06-012024-05-3101209523ns5:IntangibleAssetsOtherThanGoodwill2023-05-3101209523ns5:IntangibleAssetsOtherThanGoodwill2024-05-3101209523ns5:IntangibleAssetsOtherThanGoodwill2023-05-3101209523ns5:ShortLeaseholdAssetsns5:LandBuildings2023-05-3101209523ns5:PlantMachinery2023-05-3101209523ns5:FurnitureFittings2023-05-3101209523ns5:MotorVehicles2023-05-3101209523ns5:ShortLeaseholdAssetsns5:LandBuildings2023-06-012024-05-3101209523ns5:FurnitureFittings2023-06-012024-05-3101209523ns5:MotorVehicles2023-06-012024-05-3101209523ns5:ShortLeaseholdAssetsns5:LandBuildings2024-05-3101209523ns5:PlantMachinery2024-05-3101209523ns5:FurnitureFittings2024-05-3101209523ns5:MotorVehicles2024-05-3101209523ns5:ShortLeaseholdAssetsns5:LandBuildings2023-05-3101209523ns5:PlantMachinery2023-05-3101209523ns5:FurnitureFittings2023-05-3101209523ns5:MotorVehicles2023-05-3101209523ns5:CostValuation2023-05-3101209523ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3101209523ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3101209523ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3101209523ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3101209523ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-05-3101209523ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-05-3101209523ns5:HirePurchaseContracts2024-05-3101209523ns5:HirePurchaseContracts2023-05-3101209523ns5:DeferredTaxation2023-05-3101209523ns5:DeferredTaxation2023-06-012024-05-3101209523ns5:DeferredTaxation2024-05-3101209523ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 01209523 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

TREVON INDUSTRIAL FINISHERS LIMITED

TREVON INDUSTRIAL FINISHERS LIMITED (REGISTERED NUMBER: 01209523)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TREVON INDUSTRIAL FINISHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: T K Crabtree





SECRETARY: J T Crabtree





REGISTERED OFFICE: Unit 4
Whitewalls Industrial Estate
Regent Street
Colne
Lancashire
BB8 8LJ





REGISTERED NUMBER: 01209523 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

TREVON INDUSTRIAL FINISHERS LIMITED (REGISTERED NUMBER: 01209523)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 111,316 99,313
Investments 6 165,000 165,000
Investment property 7 305,808 305,808
582,124 570,121

CURRENT ASSETS
Stocks 8 13,330 12,050
Debtors 9 956,371 916,180
Cash at bank and in hand 111,888 132,305
1,081,589 1,060,535
CREDITORS
Amounts falling due within one year 10 170,360 145,656
NET CURRENT ASSETS 911,229 914,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,493,353

1,485,000

CREDITORS
Amounts falling due after more than one
year

11

-

(3,166

)

PROVISIONS FOR LIABILITIES 14 (16,988 ) (10,551 )
NET ASSETS 1,476,365 1,471,283

CAPITAL AND RESERVES
Called up share capital 15 1,000 1,000
Retained earnings 1,475,365 1,470,283
SHAREHOLDERS' FUNDS 1,476,365 1,471,283

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

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

TREVON INDUSTRIAL FINISHERS LIMITED (REGISTERED NUMBER: 01209523)

BALANCE SHEET - continued
31 MAY 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 27 August 2024 and were signed by:





T K Crabtree - Director


TREVON INDUSTRIAL FINISHERS LIMITED (REGISTERED NUMBER: 01209523)

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

1. STATUTORY INFORMATION

Trevon Industrial Finishers 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance, 20% on cost and 15% 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.

TREVON INDUSTRIAL FINISHERS LIMITED (REGISTERED NUMBER: 01209523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 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.

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 29 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 48,750
AMORTISATION
At 1 June 2023
and 31 May 2024 48,750
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

TREVON INDUSTRIAL FINISHERS LIMITED (REGISTERED NUMBER: 01209523)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 7,302 77,395 2,674 152,381 239,752
Additions - 61,547 - - 61,547
Disposals - (27,729 ) - - (27,729 )
At 31 May 2024 7,302 111,213 2,674 152,381 273,570
DEPRECIATION
At 1 June 2023 7,302 44,134 2,073 86,930 140,439
Charge for year - 7,735 150 16,362 24,247
Eliminated on disposal - (2,432 ) - - (2,432 )
At 31 May 2024 7,302 49,437 2,223 103,292 162,254
NET BOOK VALUE
At 31 May 2024 - 61,776 451 49,089 111,316
At 31 May 2023 - 33,261 601 65,451 99,313


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 165,000
NET BOOK VALUE
At 31 May 2024 165,000
At 31 May 2023 165,000

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 305,808
NET BOOK VALUE
At 31 May 2024 305,808
At 31 May 2023 305,808

8. STOCKS
31/5/24 31/5/23
£    £   
Finished goods 13,330 12,050

TREVON INDUSTRIAL FINISHERS LIMITED (REGISTERED NUMBER: 01209523)

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

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 273,847 206,495
Amounts owed by group undertakings 557,311 569,127
Other debtors 125,213 140,558
956,371 916,180

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts (see note 12) 3,166 9,499
Trade creditors 37,418 28,890
Tax 60,569 31,019
Social security and other taxes 50,162 61,493
Other creditors 19,045 14,755
170,360 145,656

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Hire purchase contracts (see note 12) - 3,166

12. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31/5/24 31/5/23
£    £   
Net obligations repayable:
Within one year 3,166 9,499
Between one and five years - 3,166
3,166 12,665

13. SECURED DEBTS

The following secured debts are included within creditors:

31/5/24 31/5/23
£    £   
Hire purchase contracts 3,166 12,665

A Debenture and Legal Charge in favour of Clydesdale Bank PLC has been registered at Companies House on 27 September 2016 and 20 October 2016 respectively.

14. PROVISIONS FOR LIABILITIES
31/5/24 31/5/23
£    £   
Deferred tax 16,988 10,551

TREVON INDUSTRIAL FINISHERS LIMITED (REGISTERED NUMBER: 01209523)

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

14. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 10,551
Charge to Income Statement during year 6,437
Balance at 31 May 2024 16,988

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
1,000 Ordinary £1 1,000 1,000