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REGISTERED NUMBER: 05734566 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

TROY BUSINESS SERVICES LTD

TROY BUSINESS SERVICES LTD (REGISTERED NUMBER: 05734566)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TROY BUSINESS SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: Ms H Fitzgerald
Miss C Allsopp





SECRETARY:





REGISTERED OFFICE: 62-64 Market Street
Ashby-de-la-Zouch
Leicestershire
LE65 1AN





REGISTERED NUMBER: 05734566 (England and Wales)





ACCOUNTANTS: DJB Accountants Ltd
9 Bromyard Avenue
Sutton Coldfield
West Midlands
B76 1RQ

TROY BUSINESS SERVICES LTD (REGISTERED NUMBER: 05734566)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 46,749 57,717
Tangible assets 5 11,008 5,978
57,757 63,695

CURRENT ASSETS
Debtors 6 100,136 102,470
Cash at bank and in hand 92,553 73,968
192,689 176,438
CREDITORS
Amounts falling due within one year 7 178,490 199,991
NET CURRENT ASSETS/(LIABILITIES) 14,199 (23,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,956

40,142

CREDITORS
Amounts falling due after more than one year 8 23,493 33,008
NET ASSETS 48,463 7,134

CAPITAL AND RESERVES
Called up share capital 111 111
Share premium 880 880
Retained earnings 47,472 6,143
SHAREHOLDERS' FUNDS 48,463 7,134

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

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

TROY BUSINESS SERVICES LTD (REGISTERED NUMBER: 05734566)

BALANCE SHEET - continued
31 December 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 Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Ms H Fitzgerald - Director


TROY BUSINESS SERVICES LTD (REGISTERED NUMBER: 05734566)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Troy Business Services Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and at variable rates on reducing balance

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.

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 12 (2023 - 10 ) .

TROY BUSINESS SERVICES LTD (REGISTERED NUMBER: 05734566)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 69,960
Disposals (5,480 )
At 31 December 2024 64,480
AMORTISATION
At 1 January 2024 12,243
Charge for year 5,488
At 31 December 2024 17,731
NET BOOK VALUE
At 31 December 2024 46,749
At 31 December 2023 57,717

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 27,665
Additions 7,193
At 31 December 2024 34,858
DEPRECIATION
At 1 January 2024 21,687
Charge for year 2,163
At 31 December 2024 23,850
NET BOOK VALUE
At 31 December 2024 11,008
At 31 December 2023 5,978

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,048 89,863
Other debtors 7,088 12,607
100,136 102,470

TROY BUSINESS SERVICES LTD (REGISTERED NUMBER: 05734566)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,600 6,600
Trade creditors 8,793 15,832
Taxation and social security 64,232 49,374
Other creditors 98,865 128,185
178,490 199,991

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 23,493 29,048
Other creditors - 3,960
23,493 33,008

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,493 29,048