Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 April 2023 false 1 January 2024 31 December 2024 31 December 2024 10827967 Mr Glyn Keast Mr Daniel Mendola iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10827967 2023-12-31 10827967 2024-12-31 10827967 2024-01-01 2024-12-31 10827967 frs-core:CurrentFinancialInstruments 2024-12-31 10827967 frs-core:Non-currentFinancialInstruments 2024-12-31 10827967 frs-core:BetweenOneFiveYears 2024-12-31 10827967 frs-core:ComputerEquipment 2024-12-31 10827967 frs-core:ComputerEquipment 2024-01-01 2024-12-31 10827967 frs-core:ComputerEquipment 2023-12-31 10827967 frs-core:MotorVehicles 2024-12-31 10827967 frs-core:MotorVehicles 2024-01-01 2024-12-31 10827967 frs-core:MotorVehicles 2023-12-31 10827967 frs-core:PlantMachinery 2024-12-31 10827967 frs-core:PlantMachinery 2024-01-01 2024-12-31 10827967 frs-core:PlantMachinery 2023-12-31 10827967 frs-core:WithinOneYear 2024-12-31 10827967 frs-core:ShareCapital 2024-12-31 10827967 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 10827967 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10827967 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 10827967 frs-bus:SmallEntities 2024-01-01 2024-12-31 10827967 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10827967 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10827967 frs-bus:Director1 2024-01-01 2024-12-31 10827967 frs-bus:Director2 2024-01-01 2024-12-31 10827967 frs-bus:Director2 2023-12-31 10827967 frs-bus:Director2 2024-12-31 10827967 frs-countries:EnglandWales 2024-01-01 2024-12-31 10827967 2023-03-31 10827967 2023-12-31 10827967 2023-04-01 2023-12-31 10827967 frs-core:CurrentFinancialInstruments 2023-12-31 10827967 frs-core:Non-currentFinancialInstruments 2023-12-31 10827967 frs-core:BetweenOneFiveYears 2023-12-31 10827967 frs-core:WithinOneYear 2023-12-31 10827967 frs-core:ShareCapital 2023-12-31 10827967 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 10827967
TR1 Construction Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Elementary Accountancy Services Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of TR1 Construction Ltd for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TR1 Construction Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of TR1 Construction Ltd , as a body, in accordance with the terms of our engagement letter dated 09 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of TR1 Construction Ltd and state those matters that we have agreed to state to the directors of TR1 Construction Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TR1 Construction Ltd and its directors, as a body, for our work or for this report.
It is your duty to ensure that TR1 Construction Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of TR1 Construction Ltd . You consider that TR1 Construction Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of TR1 Construction Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28/03/2025
Elementary Accountancy Services Limited
36 Dearne Hall Lane
Barnsley
S751FX
Page 1
Page 2
Balance Sheet
Registered number: 10827967
31 December 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,199 731
69,199 731
CURRENT ASSETS
Debtors 5 87,922 60,908
Cash at bank and in hand 76,950 18,904
164,872 79,812
Creditors: Amounts Falling Due Within One Year 6 (156,935 ) (97,958 )
NET CURRENT ASSETS (LIABILITIES) 7,937 (18,146 )
TOTAL ASSETS LESS CURRENT LIABILITIES 77,136 (17,415 )
Creditors: Amounts Falling Due After More Than One Year 7 (53,206 ) (14,249 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,148 ) -
NET ASSETS/(LIABILITIES) 10,782 (31,664 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 10,781 (31,665 )
SHAREHOLDERS' FUNDS 10,782 (31,664)
Page 2
Page 3
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Daniel Mendola
Director
25/03/2025
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
TR1 Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10827967 . The registered office is 30 Ferris Town, Truro, TR1 3JJ.
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. The accounts are prepared in £ sterling and rounded to the nearest £. 
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover relates to the rendering of services for the provision of construction work. 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.
2.4. 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 20% straight line
Motor Vehicles 20% reducing balance
Computer Equipment 25% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. 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 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 4
Page 5
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 5,801 - 399 6,200
Additions 8,011 62,073 800 70,884
Disposals - - (399 ) (399 )
As at 31 December 2024 13,812 62,073 800 76,685
Depreciation
As at 1 January 2024 5,103 - 366 5,469
Provided during the period 398 1,968 17 2,383
Disposals - - (366 ) (366 )
As at 31 December 2024 5,501 1,968 17 7,486
Net Book Value
As at 31 December 2024 8,311 60,105 783 69,199
As at 1 January 2024 698 - 33 731
5. Debtors
31 December 2024 31 December 2023
£ £
Due within one year
Trade debtors 2,038 20,757
Prepayments and accrued income 76,760 -
Corporation tax recoverable assets 4,544 -
VAT - 5,261
Directors' loan accounts 4,580 34,890
87,922 60,908
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 December 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,186 -
Trade creditors 88,999 2,378
Bank loans and overdrafts 25,575 21,431
Corporation tax - 8,047
Other taxes and social security 16,120 2,378
VAT 14,055 -
Other creditors - 63,645
Accruals and deferred income 1,000 79
156,935 97,958
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 31 December 2023
£ £
Net obligations under finance lease and hire purchase contracts 49,197 -
Bank loans 4,009 14,249
53,206 14,249
8. Secured Creditors
Of the creditors the following amounts are secured. The debts are secured to the assets to which the debt relates. 
31 December 2024 31 December 2023
£ £
Net obligations under finance lease and hire purchase contracts 60,383 -
9. Obligations Under Finance Leases and Hire Purchase
31 December 2024 31 December 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,186 -
Later than one year and not later than five years 49,197 -
60,383 -
60,383 -
10. Share Capital
31 December 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1 1
Page 6
Page 7
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 December 2024 31 December 2023
£ £
Not later than one year - 974
- 974
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mr Glyn Keast 34,890 74,596 104,906 - 4,580
The above loan was unsecured, interest free and repayable on demand.
13. Related Party Transactions
During the year, management fees of £99,636 (2023: nil) were paid to companies under the same control as this company. 
Within Trade Creditors is an amount of £8,400 (2023: nil) owed to a company with an owner in common with this company. 
During the year, assets of £8,811 (2023: nil) were puchased from a company with an owner in common with this company. 
During the year, a motor vehicle was leased from a company with an owner in common with this company for £3,321 (2023: nil). 
Page 7