Registered number
10954435
TB Trailer Rentals Limited
Unaudited Filleted Accounts
30 September 2024
TB Trailer Rentals Limited
Registered number: 10954435
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 109,300 72,603
Current assets
Debtors 4 30,000 30,000
Cash at bank and in hand 159,323 85,560
189,323 115,560
Creditors: amounts falling due within one year 5 (113,338) (69,873)
Net current assets 75,985 45,687
Total assets less current liabilities 185,285 118,290
Provisions for liabilities (11,647) (13,795)
Net assets 173,638 104,495
Capital and reserves
Called up share capital 1 1
Profit and loss account 173,637 104,494
Shareholder's funds 173,638 104,495
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tony Burdon
Director
Approved by the board on 14 April 2025
TB Trailer Rentals Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2023 54,500 81,484 35,500 171,484
Additions - 78,000 - 78,000
At 30 September 2024 54,500 159,484 35,500 249,484
Depreciation
At 1 October 2023 10,900 73,781 14,200 98,881
Charge for the year 10,900 23,303 7,100 41,303
At 30 September 2024 21,800 97,084 21,300 140,184
Net book value
At 30 September 2024 32,700 62,400 14,200 109,300
At 30 September 2023 43,600 7,703 21,300 72,603
4 Debtors 2024 2023
£ £
Other debtors 30,000 30,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,034 -
Taxation and social security costs 7,107 11,744
Other creditors 102,197 58,129
113,338 69,873
6 Controlling party
During the period, the ultimate controlling party is Tony Burdon by virtue of controlling the whole of the share capital of the company.
7 Other information
TB Trailer Rentals Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Rosie's Way
South Ockendon
Essex
RM15 6RW
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