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Registered number: 07998836
Tregs Glory Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Zenith Accounting & Business Solutions Ltd
Certified Accountants
DFO Consulting - Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Company Information
Director Mrs Elizabeth Olaniyan
Company Number 07998836
Registered Office 97 Whitwell Road Plaistow
London
E13 8DA
Accountants Zenith Accounting & Business Solutions Ltd
Certified Accountants
DFO Consulting - Churchill House
120 Bunns Lane
Mill Hill
London
NW7 2AS
Page 1
Page 2
Balance Sheet
Registered number: 07998836
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,086 30,052
20,086 30,052
CURRENT ASSETS
Debtors 395,229 369,019
Cash at bank and in hand 14,663 19,894
409,892 388,913
Creditors: Amounts Falling Due Within One Year (62,792 ) (64,218 )
NET CURRENT ASSETS (LIABILITIES) 347,100 324,695
TOTAL ASSETS LESS CURRENT LIABILITIES 367,186 354,747
Creditors: Amounts Falling Due After More Than One Year (25,054 ) -
NET ASSETS 342,132 354,747
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 342,131 354,746
SHAREHOLDERS' FUNDS 342,132 354,747
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Elizabeth Olaniyan
Director
30 December 2024
The notes on pages 4 to 5 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Tregs Glory Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07998836 . The registered office is 97 Whitwell Road Plaistow, London, E13 8DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line Method
Fixtures & Fittings 25% Straight Line Method
Computer Equipment 25% Straight Line Method
2.4. Taxation
Income tax expense represents the sum of the tax currently payable tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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2.6. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.


3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 32)
19 32
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 16,027 53,785 8,916 78,728
Additions - 3,355 1,685 5,040
As at 31 March 2024 16,027 57,140 10,601 83,768
Depreciation
As at 1 April 2023 10,412 36,355 1,909 48,676
Provided during the period 2,034 10,322 2,650 15,006
As at 31 March 2024 12,446 46,677 4,559 63,682
Net Book Value
As at 31 March 2024 3,581 10,463 6,042 20,086
As at 1 April 2023 5,615 17,430 7,007 30,052
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Ultimate Controlling Party
The company's ultimate controlling party is Mrs Elizabeth Olaniyan by virtue of her ownership of 100% of the issued share capital in the company.

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