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Registration number: 05227056

Trellisworks Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Trellisworks Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Trellisworks Limited

(Registration number: 05227056)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

89,856

138,551

Current assets

 

Stocks

5

290,619

440,346

Debtors

6

1,233,905

1,070,088

Cash at bank and in hand

 

2,754

51,265

 

1,527,278

1,561,699

Creditors: Amounts falling due within one year

7

(858,650)

(815,398)

Net current assets

 

668,628

746,301

Total assets less current liabilities

 

758,484

884,852

Creditors: Amounts falling due after more than one year

7

(29,542)

(45,030)

Provisions for liabilities

(22,464)

(34,638)

Net assets

 

706,478

805,184

Capital and reserves

 

Called up share capital

113

100

Retained earnings

706,365

805,084

Shareholders' funds

 

706,478

805,184

 

Trellisworks Limited

(Registration number: 05227056)
Balance Sheet as at 31 October 2024

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

Directors' responsibilities:

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

The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 July 2025 and signed on its behalf by:
 

.........................................
Mr J Kernahan
Company secretary and director

 

Trellisworks Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Technology House
Kennetside
Bone Lane
Newbury
Berkshire
RG14 5PX

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 provision of wireless telecommunications services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

 

Trellisworks Limited

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

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:

Asset class

Depreciation method and rate

Equipment for rent

33% straight line basis

Office equipment

25% straight line bais

Motor vehicles

25% reducing balance basis

Plant and machinery

25% straight line basis

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.

Debtors

Trade debtors are amounts due from customers for wireless telecommunications services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Trellisworks Limited

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

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 directors) during the year, was 30 (2023 - 29).

 

Trellisworks Limited

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

4

Tangible assets

Hire equipment
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

293,427

72,451

89,790

91,557

547,225

Additions

-

23,387

-

-

23,387

Disposals

-

(58,371)

-

-

(58,371)

At 31 October 2024

293,427

37,467

89,790

91,557

512,241

Depreciation

At 1 November 2023

293,427

34,754

41,826

38,667

408,674

Charge for the year

-

8,520

16,289

13,223

38,032

Eliminated on disposal

-

(24,321)

-

-

(24,321)

At 31 October 2024

293,427

18,953

58,115

51,890

422,385

Carrying amount

At 31 October 2024

-

18,514

31,675

39,667

89,856

At 31 October 2023

-

37,697

47,964

52,890

138,551

5

Stocks

2024
£

2023
£

Other inventories

290,619

440,346

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,009,362

900,338

Prepayments

144,134

95,526

Other debtors

80,409

74,224

 

1,233,905

1,070,088

 

Trellisworks Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

22,755

103,287

Trade creditors

 

540,078

316,287

Taxation and social security

 

191,364

261,465

Other creditors

 

104,453

134,359

 

858,650

815,398

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

29,542

45,030

 

Trellisworks Limited

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

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

-

67,730

Hire purchase contracts

22,755

35,557

22,755

103,287

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

29,542

45,030

9

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Repayments by director
£

At 31 October 2024
£

Mr J Kernahan

Director loan account

-

(1,250)

(1,250)

Mr R P Haskins

Director loan account

-

(1,250)

(1,250)

2023

At 1 November 2022
£

Advances to director
£

Repayments by director
£

Written off
£

At 31 October 2023
£

Mr J Kernahan

Director loan account

39,105

3,417

(111,196)

68,674

-

Mr R P Haskins

Director loan account

37,842

23,314

(61,156)

-

-

 

Trellisworks Limited

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

Summary of transactions with entities with joint control or significant interest

Income and receivables from related parties

2024

Entities with joint control or significant influence
£

Sale of goods

45,582

Amounts receivable from related party

63,658

2023

Entities with joint control or significant influence
£

Sale of goods

60,540

Amounts receivable from related party

47,343

Expenditure with and payables to related parties

2024

Entities with joint control or significant influence
£

Purchase of goods

290,772

Management charges payable

23,619

314,391

Amounts payable to related party

55,625

2023

Entities with joint control or significant influence
£

Purchase of goods

740,331

Management charges payable

19,706

760,037

Amounts payable to related party

55,625

10

Parent and ultimate parent undertaking

The company's immediate parent is Trellisworks Holdings Limited, incorporated in England and Wales.