TRO Distribution Ltd
Registered number: 11153526
Statement of Financial Position
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,328 5,271
Current assets
Debtors 4 73,164 165,084
Cash at bank and in hand 218,016 155,005
291,180 320,089
Creditors: amounts falling due within one year 5 (106,074) (190,124)
Net current assets 185,106 129,965
Net assets 189,434 135,236
Capital and reserves
Called up share capital 2 2
Profit and loss account 189,432 135,234
Shareholders' funds 189,434 135,236
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 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.
Olga Erokhina-Brayant
Director
Approved by the board on 28 April 2025
TRO Distribution Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Going concern
The events in Ukraine have had an adverse effect on the company. The existing economic uncertainty and banking restrictions will limit the company's ability to trade with clients in the Commonwealth of Independent States. The directors will continue the strategy of territoy diversification, allowing the company to expand into adjacent regions in order to mitigate the risks of the current circumstance.
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 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.
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:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction 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. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 9,118
Additions 3,835
Disposals (6,362)
At 31 October 2024 6,591
Depreciation
At 1 November 2023 3,847
Charge for the year 1,427
On disposals (3,011)
At 31 October 2024 2,263
Net book value
At 31 October 2024 4,328
At 31 October 2023 5,271
4 Debtors 2024 2023
£ £
Trade debtors 55,224 11,554
Accrued income - 141,361
Other debtors 17,940 12,169
73,164 165,084
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 74,882 173,700
Accruals 1,490 1,515
Corporation tax 28,752 14,103
Other creditors 950 806
106,074 190,124
6 Other information
TRO Distribution Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
TRO Distribution Ltd 11153526 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 Olga Erokhina-Brayant No description of principal activity 11153526 2022-11-01 2023-10-31 11153526 core:WithinOneYear 2023-10-31 11153526 core:ShareCapital 2023-10-31 11153526 core:RetainedEarningsAccumulatedLosses 2023-10-31 11153526 2023-11-01 2024-10-31 11153526 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11153526 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11153526 bus:Director40 2023-11-01 2024-10-31 11153526 1 2023-11-01 2024-10-31 11153526 2 2023-11-01 2024-10-31 11153526 core:PlantMachinery 2023-11-01 2024-10-31 11153526 countries:England 2023-11-01 2024-10-31 11153526 bus:FRS102 2023-11-01 2024-10-31 11153526 bus:FilletedAccounts 2023-11-01 2024-10-31 11153526 2024-10-31 11153526 core:WithinOneYear 2024-10-31 11153526 core:ShareCapital 2024-10-31 11153526 core:RetainedEarningsAccumulatedLosses 2024-10-31 11153526 core:PlantMachinery 2024-10-31 11153526 2023-10-31 11153526 core:PlantMachinery 2023-10-31 iso4217:GBP xbrli:pure