Company registration number 13333859 (England and Wales)
TRE, POL & PEN LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
TRE, POL & PEN LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TRE, POL & PEN LTD
BALANCE SHEET
AS AT 30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
46,227
37,324
Current assets
Stocks
130,210
120,207
Debtors
4
247,922
84,921
Cash at bank and in hand
10,788
25,671
388,920
230,799
Creditors: amounts falling due within one year
5
(510,664)
(356,988)
Net current liabilities
(121,744)
(126,189)
Net liabilities
(75,517)
(88,865)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(75,617)
(88,965)
Total equity
(75,517)
(88,865)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 21 January 2025
Mr D J Watkins
Director
Company registration number 13333859 (England and Wales)
TRE, POL & PEN LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Tre, Pol & Pen Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Landue, Lezant, Launceston, Cornwall, PL15 9NN.

1.1
Accounting convention

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 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.

1.2
Going concern

Atruet the period end date the company's balance sheet reflected a net liabilities position. The company is reliant on the financial support of certain related party creditors in order to meet its day to day working capital requirement. The director expects that financial support to be ongoing for the foreseeable future and therefore considers it appropriate to prepare the financial statements on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% per annum on a reducing balance basis
Fixtures and fittings
10% per annum on a reducing balance basis
Computers
20% per annum on a reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Retirement benefits

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

TRE, POL & PEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
48
51
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 May 2023
42,903
Additions
15,888
At 30 April 2024
58,791
Depreciation and impairment
At 1 May 2023
5,579
Depreciation charged in the year
6,985
At 30 April 2024
12,564
Carrying amount
At 30 April 2024
46,227
At 30 April 2023
37,324
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
195
Other debtors
247,922
84,726
247,922
84,921
TRE, POL & PEN LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
98,577
126,661
Taxation and social security
32,043
23,478
Other creditors
380,044
206,849
510,664
356,988
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
One director
-
-
11,000
(11,000)
-
-
11,000
(11,000)
-

The advances were unsecured and repayable on demand.

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