Company registration number: 03399619
Unaudited financial statements
for the year ended 31 December 2024
for
TRBusiness Limited
Pages for filing with the Registrar
Company registration number: 03399619
TRBusiness Limited
Balance sheet
as at 31 December 2024
31 Dec 24 31 Dec 23
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 25,788 26,242
25,788 26,242
Current assets
Debtors 678,114 652,917
Cash at bank and in hand 57,960 96,945
736,074 749,862
Creditors: amounts falling due within one
year
(260,558) (249,700)
Net current assets 475,516 500,162
Total assets less current liabilities 501,304 526,404
Creditors: Amounts falling due after more
than one year
(15,687) (78,770)
NET ASSETS 485,617 447,634
Capital and reserves
Called up share capital 50 50
Other reserves 50 50
Profit and loss account 485,517 447,534
TOTAL EQUITY 485,617 447,634
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03399619
TRBusiness Limited
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 22 May 2025 and signed on its behalf by:
Mrs J Hook, Director
22 May 2025
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TRBusiness Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
TRBusiness Limited is a private company registered in England and Wales. Its registered number is 03399619. The company is limited by shares. Its registered office is 16 The Warren, Worcester Park, Surrey, KT4 7DL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Domain name - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures and Fittings - 25% reducing balance
3
TRBusiness Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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 balance sheet date.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 10 (2023 - 10).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 January 2024 50,000
At 31 December 2024 50,000
Amortisation
At 1 January 2024 50,000
At 31 December 2024 50,000
Net book value
At 31 December 2024 -
At 31 December 2023 -
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TRBusiness Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 53,435
Additions 10,951
At 31 December 2024 64,386
Depreciation
At 1 January 2024 27,193
Charge for year 11,405
At 31 December 2024 38,598
Net book value
At 31 December 2024 25,788
At 31 December 2023 26,242
If No assets have been revalued had not been revalued, None would have been included at the following historical cost:
31 Dec 24 31 Dec 23
£ £
Cost 64,385 53,435
Accumulated depreciation 38,596 27,193
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the periods ended 31 December 2024 and 31 December 2023.
31 Dec 24 31 Dec 23
£ £
Janice Hook
Balance outstanding at start of year 181,797 148,601
Amounts advanced 62,530 60,196
Amounts repaid (27,000) (27,000)
Balance outstanding at end of year 217,327 181,797
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TRBusiness Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
6 Advances, credit and guarantees granted to directors - continued
31 Dec 24 31 Dec 23
£ £
Nigel Hardy
Balance outstanding at start of year 181,325 148,601
Amounts advanced 62,693 59,724
Amounts repaid (27,000) (27,000)
Balance outstanding at end of year 217,018 181,325
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