2 Trenao Limited NI071628 false 2024-05-01 2024-12-31 2024-12-31 The principal activity of the company is Natural Stone and Brick Products for the construction Industry Digita Accounts Production Advanced 6.30.9574.0 true NI071628 2024-05-01 2024-12-31 NI071628 2024-12-31 NI071628 bus:Director1 1 2024-12-31 NI071628 bus:OrdinaryShareClass1 2024-12-31 NI071628 core:CurrentFinancialInstruments 2024-12-31 NI071628 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 NI071628 core:PatentsTrademarksLicencesConcessionsSimilar 2024-12-31 NI071628 core:FurnitureFittingsToolsEquipment 2024-12-31 NI071628 core:LandBuildings 2024-12-31 NI071628 1 2024-12-31 NI071628 bus:SmallEntities 2024-05-01 2024-12-31 NI071628 bus:AuditExemptWithAccountantsReport 2024-05-01 2024-12-31 NI071628 bus:FilletedAccounts 2024-05-01 2024-12-31 NI071628 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2024-12-31 NI071628 bus:RegisteredOffice 2024-05-01 2024-12-31 NI071628 bus:Director1 2024-05-01 2024-12-31 NI071628 bus:Director1 1 2024-05-01 2024-12-31 NI071628 bus:OrdinaryShareClass1 2024-05-01 2024-12-31 NI071628 bus:PrivateLimitedCompanyLtd 2024-05-01 2024-12-31 NI071628 bus:Agent1 2024-05-01 2024-12-31 NI071628 core:PatentsTrademarksLicencesConcessionsSimilar 2024-05-01 2024-12-31 NI071628 core:FurnitureFittingsToolsEquipment 2024-05-01 2024-12-31 NI071628 core:LandBuildings 2024-05-01 2024-12-31 NI071628 1 2024-05-01 2024-12-31 NI071628 countries:NorthernIreland 2024-05-01 2024-12-31 NI071628 2024-04-30 NI071628 bus:Director1 1 2024-04-30 NI071628 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 NI071628 core:FurnitureFittingsToolsEquipment 2024-04-30 NI071628 core:LandBuildings 2024-04-30 NI071628 2023-05-01 2024-04-30 NI071628 2024-04-30 NI071628 bus:Director1 1 2024-04-30 NI071628 bus:OrdinaryShareClass1 2024-04-30 NI071628 core:CurrentFinancialInstruments 2024-04-30 NI071628 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 NI071628 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 NI071628 core:FurnitureFittingsToolsEquipment 2024-04-30 NI071628 core:LandBuildings 2024-04-30 NI071628 1 2024-04-30 NI071628 bus:Director1 1 2023-05-01 2024-04-30 NI071628 bus:Director1 1 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI071628

Trenao Limited

Unaudited Filleted Financial Statements

for the Period from 1 May 2024 to 31 December 2024

 

Trenao Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Trenao Limited

Company Information

Director

Trevor Cunningham

Registered office

5 Lower Catherine Street
Newry
Co Down
BT35 6BE

Accountants

SP McKeown & Co Ltd
Chartered Certified Accountants, Registered Auditors and Tax Advisors5 Lower Catherine Street
Newry
Co Down
BT35 6BE

 

Trenao Limited

(Registration number: NI071628)
Balance Sheet as at 31 December 2024

Note

2024
£

2024
£

Fixed assets

 

Intangible assets

4

4,535

5,442

Tangible assets

5

72,904

73,427

 

77,439

78,869

Current assets

 

Stocks

6

38,733

-

Debtors

7

86,737

140,492

Cash at bank and in hand

 

758

-

 

126,228

140,492

Creditors: Amounts falling due within one year

8

(198,209)

(278,593)

Net current liabilities

 

(71,981)

(138,101)

Total assets less current liabilities

 

5,458

(59,232)

Provisions for liabilities

(398)

-

Net assets/(liabilities)

 

5,060

(59,232)

Capital and reserves

 

Called up share capital

9

20,000

20,000

Retained earnings

(14,940)

(79,232)

Shareholders' funds/(deficit)

 

5,060

(59,232)

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 April 2025
 

.........................................
Trevor Cunningham
Director

   
     
 

Trenao Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
5 Lower Catherine Street
Newry
Co Down
BT35 6BE
Northern Ireland

These financial statements were authorised for issue by the director on 9 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Trenao Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Trenao Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2024 - 2).

 

Trenao Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 May 2024

9,070

9,070

At 31 December 2024

9,070

9,070

Amortisation

At 1 May 2024

3,628

3,628

Amortisation charge

907

907

At 31 December 2024

4,535

4,535

Carrying amount

At 31 December 2024

4,535

4,535

At 30 April 2024

5,442

5,442

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2024

70,812

50,143

120,955

At 31 December 2024

70,812

50,143

120,955

Depreciation

At 1 May 2024

-

47,528

47,528

Charge for the period

-

523

523

At 31 December 2024

-

48,051

48,051

Carrying amount

At 31 December 2024

70,812

2,092

72,904

At 30 April 2024

70,812

2,615

73,427

Included within the net book value of land and buildings above is £70,812 (2024 - £70,812) in respect of freehold land and buildings.
 

 

Trenao Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

6

Stocks

2024
£

2024
£

Other inventories

38,733

-

7

Debtors

Current

Note

2024
£

2024
£

Trade debtors

 

5,655

109,992

Amounts owed by related parties

11

61,998

27,000

Other debtors

 

19,084

3,500

   

86,737

140,492

 

Trenao Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2024
£

Due within one year

 

Loans and borrowings

10

30,294

54,015

Trade creditors

 

15,718

61,835

Taxation and social security

 

133,563

135,337

Accruals and deferred income

 

9,417

17,800

Other creditors

 

9,217

9,606

 

198,209

278,593

9

Share capital

Allotted, called up and fully paid shares

2024

2024

No.

£

No.

£

Ordinary shares of £1 each

20,000

20,000

20,000

20,000

       

10

Loans and borrowings

Current loans and borrowings

2024
£

2024
£

Bank overdrafts

30,294

54,015

Bank borrowings

Bank overdraft is denominated in Sterling with a nominal interest rate of 12.96%, and the final instalment is due on . The carrying amount at period end is £30,294 (2024 - £54,015).

HSBC hold an all monies debenture. Legal mortgage on all property and fixtures of the company

11

Related party transactions

 

Trenao Limited

Notes to the Unaudited Financial Statements for the Period from 1 May 2024 to 31 December 2024

Transactions with the director

2024

At 1 May 2024
£

Advances to director
£

At 31 December 2024
£

Trevor Cunningham

Director's account

3,500

1,100

4,600

2024

At 1 May 2023
£

Advances to director
£

At 30 April 2024
£

Trevor Cunningham

Director's account

-

3,500

3,500