IRIS Accounts Production v24.3.2.46 11040987 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110409872023-10-31110409872024-10-31110409872023-11-012024-10-31110409872022-10-31110409872022-11-012023-10-31110409872023-10-3111040987ns15:EnglandWales2023-11-012024-10-3111040987ns14:PoundSterling2023-11-012024-10-3111040987ns10:Director12023-11-012024-10-3111040987ns10:Director22023-11-012024-10-3111040987ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3111040987ns10:SmallEntities2023-11-012024-10-3111040987ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3111040987ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3111040987ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3111040987ns10:FullAccounts2023-11-012024-10-3111040987ns10:OrdinaryShareClass12023-11-012024-10-3111040987ns10:RegisteredOffice2023-11-012024-10-3111040987ns5:CurrentFinancialInstruments2024-10-3111040987ns5:CurrentFinancialInstruments2023-10-3111040987ns5:Non-currentFinancialInstruments2024-10-3111040987ns5:Non-currentFinancialInstruments2023-10-3111040987ns5:ShareCapital2024-10-3111040987ns5:ShareCapital2023-10-3111040987ns5:RetainedEarningsAccumulatedLosses2024-10-3111040987ns5:RetainedEarningsAccumulatedLosses2023-10-3111040987ns5:PlantMachinery2023-10-3111040987ns5:PlantMachinery2023-11-012024-10-3111040987ns5:PlantMachinery2024-10-3111040987ns5:PlantMachinery2023-10-3111040987ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3111040987ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3111040987ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-10-3111040987ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-10-3111040987ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-10-3111040987ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-10-3111040987ns5:HirePurchaseContracts2024-10-3111040987ns5:HirePurchaseContracts2023-10-3111040987ns5:WithinOneYear2024-10-3111040987ns5:WithinOneYear2023-10-3111040987ns5:BetweenOneFiveYears2024-10-3111040987ns5:BetweenOneFiveYears2023-10-3111040987ns5:AllPeriods2024-10-3111040987ns5:AllPeriods2023-10-3111040987ns5:Secured2024-10-3111040987ns5:Secured2023-10-3111040987ns10:OrdinaryShareClass12024-10-31
REGISTERED NUMBER: 11040987 (England and Wales)















TERRAINHOPPER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






TERRAINHOPPER LIMITED (REGISTERED NUMBER: 11040987)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7

Accountants' Report 8

TERRAINHOPPER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S Dantzie
Mrs D A Dantzie





REGISTERED OFFICE: The Old Grain Stores
Manby Middlegate
Manby
Lincolnshire
LN11 8EB





REGISTERED NUMBER: 11040987 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS

TERRAINHOPPER LIMITED (REGISTERED NUMBER: 11040987)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,708 103,253

CURRENT ASSETS
Stocks 71,686 69,704
Debtors 5 553,637 561,100
Cash at bank 117 55
625,440 630,859
CREDITORS
Amounts falling due within one year 6 594,060 561,695
NET CURRENT ASSETS 31,380 69,164
TOTAL ASSETS LESS CURRENT LIABILITIES 120,088 172,417

CREDITORS
Amounts falling due after more than one year 7 (23,334 ) (54,052 )

PROVISIONS FOR LIABILITIES (21,142 ) (24,712 )
NET ASSETS 75,612 93,653

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 75,611 93,652
SHAREHOLDERS' FUNDS 75,612 93,653

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.

TERRAINHOPPER LIMITED (REGISTERED NUMBER: 11040987)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




Mrs D A Dantzie - Director



S Dantzie - Director


TERRAINHOPPER LIMITED (REGISTERED NUMBER: 11040987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

TerrainHopper 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company and wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


TERRAINHOPPER LIMITED (REGISTERED NUMBER: 11040987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Grants and furlough claim money
Grants are recognised as income in the period in which they become receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

TERRAINHOPPER LIMITED (REGISTERED NUMBER: 11040987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 187,898
Additions 2,250
At 31 October 2024 190,148
DEPRECIATION
At 1 November 2023 84,645
Charge for year 16,795
At 31 October 2024 101,440
NET BOOK VALUE
At 31 October 2024 88,708
At 31 October 2023 103,253

The net book value of tangible fixed assets includes £ 7,871 (2023 - £ 10,494 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,503 61,079
Amounts owed by group undertakings 463,732 483,732
Other debtors 18,402 16,289
553,637 561,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,619 47,674
Hire purchase contracts (see note 8) 2,718 2,718
Trade creditors 37,040 70,820
Amounts owed to group undertakings 417,108 354,781
Taxation and social security 5,097 2,145
Other creditors 71,478 83,557
594,060 561,695

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 23,334 51,334
Hire purchase contracts (see note 8) - 2,718
23,334 54,052

TERRAINHOPPER LIMITED (REGISTERED NUMBER: 11040987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,718 2,718
Between one and five years - 2,718
2,718 5,436

Non-cancellable operating leases
2024 2023
£    £   
Within one year 10,417 25,000
Between one and five years - 10,417
10,417 35,417

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 32,619 19,674
Bank loans 51,334 79,334
83,953 99,008

The loan contains fixed and floating charges over all of the property or undertakings of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TERRAINHOPPER LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TerrainHopper Limited for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of TerrainHopper Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TerrainHopper Limited and state those matters that we have agreed to state to the Board of Directors of TerrainHopper Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TerrainHopper Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TerrainHopper Limited. You consider that TerrainHopper Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TerrainHopper Limited. 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 statutory financial statements.






Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS


3 April 2025