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REGISTERED NUMBER: 02102742 (England and Wales)



















Financial Statements

for the Year Ended 31 October 2024

for

Terratrip (UK) Limited

Terratrip (UK) Limited (Registered number: 02102742)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Terratrip (UK) Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: E G Cartwright
M L Cartwright
J H Cartwright





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 02102742 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Terratrip (UK) Limited (Registered number: 02102742)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,409 15,979

CURRENT ASSETS
Stocks 127,813 167,265
Debtors 5 77,795 85,174
Cash at bank 887,049 868,819
1,092,657 1,121,258
CREDITORS
Amounts falling due within one year 6 57,606 68,217
NET CURRENT ASSETS 1,035,051 1,053,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,049,460

1,069,020

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 98 98
Retained earnings 1,049,360 1,068,920
SHAREHOLDERS' FUNDS 1,049,460 1,069,020

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

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

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2025 and were signed on its behalf by:





E G Cartwright - Director


Terratrip (UK) Limited (Registered number: 02102742)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Terratrip (UK) Limited 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 represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

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 equipment - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving and obsolete items. Cost represents the invoiced cost of materials and parts on a first in first out basis and an appropriate amount of fixed and variable overheads.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2023 - 4 ) .

Terratrip (UK) Limited (Registered number: 02102742)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
equipment equipment Totals
£    £    £   
COST
At 1 November 2023 52,557 10,720 63,277
Additions - 2,921 2,921
Disposals - (1,904 ) (1,904 )
At 31 October 2024 52,557 11,737 64,294
DEPRECIATION
At 1 November 2023 38,962 8,336 47,298
Charge for year 2,039 915 2,954
Eliminated on disposal - (367 ) (367 )
At 31 October 2024 41,001 8,884 49,885
NET BOOK VALUE
At 31 October 2024 11,556 2,853 14,409
At 31 October 2023 13,595 2,384 15,979

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,065 31,364
Other debtors 47,656 53,810
Tax 2,074 -
77,795 85,174

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,744 30,663
Tax - 14,752
Social security and other taxes 291 467
Other creditors 38,571 18,998
Directors' current accounts - 3,337
57,606 68,217