Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 07956797 Mr William Trussell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07956797 2023-02-28 07956797 2024-02-29 07956797 2023-03-01 2024-02-29 07956797 frs-core:CurrentFinancialInstruments 2024-02-29 07956797 frs-core:ComputerEquipment 2024-02-29 07956797 frs-core:ComputerEquipment 2023-03-01 2024-02-29 07956797 frs-core:ComputerEquipment 2023-02-28 07956797 frs-core:FurnitureFittings 2024-02-29 07956797 frs-core:FurnitureFittings 2023-03-01 2024-02-29 07956797 frs-core:FurnitureFittings 2023-02-28 07956797 frs-core:MotorVehicles 2024-02-29 07956797 frs-core:MotorVehicles 2023-03-01 2024-02-29 07956797 frs-core:MotorVehicles 2023-02-28 07956797 frs-core:PlantMachinery 2024-02-29 07956797 frs-core:PlantMachinery 2023-03-01 2024-02-29 07956797 frs-core:PlantMachinery 2023-02-28 07956797 frs-core:ShareCapital 2024-02-29 07956797 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 07956797 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07956797 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 07956797 frs-bus:SmallEntities 2023-03-01 2024-02-29 07956797 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07956797 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 07956797 frs-bus:Director1 2023-03-01 2024-02-29 07956797 frs-bus:Director1 2023-02-28 07956797 frs-bus:Director1 2024-02-29 07956797 frs-countries:EnglandWales 2023-03-01 2024-02-29 07956797 2022-02-28 07956797 2023-02-28 07956797 2022-03-01 2023-02-28 07956797 frs-core:CurrentFinancialInstruments 2023-02-28 07956797 frs-core:ShareCapital 2023-02-28 07956797 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 07956797
Trussell, Suspended Ceilings, Partitions & Drylining Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
TaxAssist Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 07956797
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,335 7,111
5,335 7,111
CURRENT ASSETS
Debtors 5 807,093 754,472
Cash at bank and in hand 77,048 77,048
884,141 831,520
Creditors: Amounts Falling Due Within One Year 6 (733,486 ) (690,401 )
NET CURRENT ASSETS (LIABILITIES) 150,655 141,119
TOTAL ASSETS LESS CURRENT LIABILITIES 155,990 148,230
NET ASSETS 155,990 148,230
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement 155,989 148,229
SHAREHOLDERS' FUNDS 155,990 148,230
Page 1
Page 2
For the year ending 29 February 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 his 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 Income Statement.
On behalf of the board
Mr William Trussell
Director
25/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Trussell, Suspended Ceilings, Partitions & Drylining Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07956797 . The registered office is Pinewood Lodge, Mold Road, Northop, CH7 6BX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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.
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% RBM
Motor Vehicles 25% RBM
Fixtures & Fittings 25% RBM
Computer Equipment 25% RBM
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred 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 years 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 or deferred 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 and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 March 2023 9,472 24,049 750 791 35,062
As at 29 February 2024 9,472 24,049 750 791 35,062
Depreciation
As at 1 March 2023 6,732 19,959 615 645 27,951
Provided during the period 685 1,022 33 36 1,776
As at 29 February 2024 7,417 20,981 648 681 29,727
...CONTINUED
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Net Book Value
As at 29 February 2024 2,055 3,068 102 110 5,335
As at 1 March 2023 2,740 4,090 135 146 7,111
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 430,017 391,189
VAT 27,533 23,640
Other taxes and social security 332,091 324,688
Director's loan account 17,452 14,955
807,093 754,472
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 613,756 543,824
Bank loans and overdrafts 114,404 103,052
Corporation tax 3,588 40,243
Accruals and deferred income 1,738 3,282
733,486 690,401
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr William Trussell 14,955 39,731 37,233 - 17,452
The above loan is unsecured, interest free and repayable on demand.
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