IRIS Accounts Production v24.3.0.553 01832924 Board of Directors Board of Directors 1.12.22 31.5.24 31.5.24 false true false false true false Ordinary Shares 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh018329242022-11-30018329242024-05-31018329242022-12-012024-05-31018329242021-11-30018329242021-12-012022-11-30018329242022-11-3001832924ns14:PoundSterling2022-12-012024-05-3101832924ns10:Director12022-12-012024-05-3101832924ns10:Director22022-12-012024-05-3101832924ns10:PrivateLimitedCompanyLtd2022-12-012024-05-3101832924ns10:SmallEntities2022-12-012024-05-3101832924ns10:AuditExempt-NoAccountantsReport2022-12-012024-05-3101832924ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012024-05-3101832924ns10:SmallCompaniesRegimeForAccounts2022-12-012024-05-3101832924ns10:FullAccounts2022-12-012024-05-3101832924ns10:OrdinaryShareClass12022-12-012024-05-3101832924ns10:OrdinaryShareClass22022-12-012024-05-3101832924ns10:CompanySecretary12022-12-012024-05-3101832924ns10:RegisteredOffice2022-12-012024-05-3101832924ns5:CurrentFinancialInstruments2024-05-3101832924ns5:CurrentFinancialInstruments2022-11-3001832924ns5:Non-currentFinancialInstruments2024-05-3101832924ns5:Non-currentFinancialInstruments2022-11-3001832924ns5:ShareCapital2024-05-3101832924ns5:ShareCapital2022-11-3001832924ns5:RetainedEarningsAccumulatedLosses2024-05-3101832924ns5:RetainedEarningsAccumulatedLosses2022-11-3001832924ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-012024-05-3101832924ns5:PlantMachinery2022-12-012024-05-3101832924ns5:FurnitureFittings2022-12-012024-05-3101832924ns5:MotorVehicles2022-12-012024-05-3101832924ns5:ShortLeaseholdAssetsns5:LandBuildings2022-11-3001832924ns5:PlantMachinery2022-11-3001832924ns5:FurnitureFittings2022-11-3001832924ns5:MotorVehicles2022-11-3001832924ns5:ShortLeaseholdAssetsns5:LandBuildings2024-05-3101832924ns5:PlantMachinery2024-05-3101832924ns5:FurnitureFittings2024-05-3101832924ns5:MotorVehicles2024-05-3101832924ns5:ShortLeaseholdAssetsns5:LandBuildings2022-11-3001832924ns5:PlantMachinery2022-11-3001832924ns5:FurnitureFittings2022-11-3001832924ns5:MotorVehicles2022-11-3001832924ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3101832924ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3001832924ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-05-3101832924ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-11-3001832924ns10:OrdinaryShareClass12024-05-3101832924ns10:OrdinaryShareClass22024-05-31018329241ns10:Director12022-11-30018329241ns10:Director12021-11-30018329241ns10:Director12022-12-012024-05-31018329241ns10:Director12021-12-012022-11-30018329241ns10:Director12024-05-31018329241ns10:Director12022-11-30
REGISTERED NUMBER: 01832924





TRENT CASTINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024






TRENT CASTINGS LIMITED (REGISTERED NUMBER: 01832924)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRENT CASTINGS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024







DIRECTORS: Mr G Bowmer
Mr H C Richards



SECRETARY: Mr G Bowmer



REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



REGISTERED NUMBER: 01832924



ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH



BANKERS: HSBC
Church Street
Ripley
Derbyshire
DE55 3BY

TRENT CASTINGS LIMITED (REGISTERED NUMBER: 01832924)

BALANCE SHEET
31 MAY 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 221,336 57,989

CURRENT ASSETS
Stocks 5,687 24,617
Debtors 6 222,850 302,658
Cash at bank 126,921 -
355,458 327,275
CREDITORS
Amounts falling due within one year 7 325,280 232,461
NET CURRENT ASSETS 30,178 94,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

251,514

152,803

CREDITORS
Amounts falling due after more than one
year

8

(3,271

)

(10,430

)

PROVISIONS FOR LIABILITIES (52,307 ) (11,176 )
NET ASSETS 195,936 131,197

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 195,736 130,997
SHAREHOLDERS' FUNDS 195,936 131,197

TRENT CASTINGS LIMITED (REGISTERED NUMBER: 01832924)

BALANCE SHEET - continued
31 MAY 2024


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 6 January 2025 and were signed on its behalf by:




Mr G Bowmer - Director



Mr H C Richards - Director


TRENT CASTINGS LIMITED (REGISTERED NUMBER: 01832924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024


1. STATUTORY INFORMATION

Trent Castings Limited is a private company, limited by shares , registered in Not specified/Other. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value excluding Value Added Tax of goods and services provided to customers during the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 5% straight line
Motor vehicles - 25% on reducing balance

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


TRENT CASTINGS LIMITED (REGISTERED NUMBER: 01832924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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.

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.

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

TRENT CASTINGS LIMITED (REGISTERED NUMBER: 01832924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024


3. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2022 - 17 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 18,463 243,929 81,314 36,500 380,206
Additions - 300,887 2,397 - 303,284
Disposals (18,463 ) (25,251 ) - - (43,714 )
At 31 May 2024 - 519,565 83,711 36,500 639,776
DEPRECIATION
At 1 December 2022 15,191 195,568 81,314 30,144 322,217
Charge for period - 129,103 179 2,384 131,666
Eliminated on disposal (15,191 ) (20,252 ) - - (35,443 )
At 31 May 2024 - 304,419 81,493 32,528 418,440
NET BOOK VALUE
At 31 May 2024 - 215,146 2,218 3,972 221,336
At 30 November 2022 3,272 48,361 - 6,356 57,989

TRENT CASTINGS LIMITED (REGISTERED NUMBER: 01832924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 181,039 285,226
Directors' current accounts 1,000 -
VAT 15,760 -
Prepayments 25,051 17,432
222,850 302,658

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts - 15,443
Other loans - 3,838
Hire purchase contracts 2,992 -
Trade creditors 253,779 89,074
Corporation tax 13,621 31,529
Social security and other taxes 4,835 7,679
VAT - 46,431
Other creditors 235 308
Wages control account - 7,313
Directors' current accounts - 13,500
Accruals and deferred income 49,818 17,346
325,280 232,461

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£    £   
Other loans - 2-5 years - 10,430
Hire purchase contracts 3,271 -
3,271 10,430

TRENT CASTINGS LIMITED (REGISTERED NUMBER: 01832924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2022 TO 31 MAY 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary Shares £1 100 100
100 Ordinary A £1 100 100
200 200

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2024 and the year ended 30 November 2022:

2024 2022
£    £   
Mr G Bowmer
Balance outstanding at start of period - -
Amounts advanced 1,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 1,000 -

11. RELATED PARTY DISCLOSURES

During the year the company paid £19,851 (2022: £10,916) to key management.