Company No: 06048166 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	0		2,102
		0		2,102
Current assets
Stocks	4	0		752
Debtors	5	152		15,908
Cash at bank and in hand		1,781		5,797
		1,933		22,457
Creditors: amounts falling due within one year	6	( 13,069)		( 8,968)
Net current (liabilities)/assets		(11,136)		13,489
Total assets less current liabilities		(11,136)		15,591
Net (liabilities)/assets		( 11,136)		15,591
Capital and reserves
Called-up share capital	7	1,003		1,003
Profit and loss account		( 12,139 )		14,588
Total shareholders' (deficit)/funds		( 11,136)		15,591

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

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Trelyon Limited (registered number: 06048166) were approved and authorised for issue by the Director on 26 September 2025. They were signed on its behalf by:

K E Floyd Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Trelyon Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Fenton Gwel, Steeple Lane, St. Ives, TR26 2AY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director made the decision that the Company would cease trading on 31st December 2024. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The director has included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	18,543		18,543
Disposals	( 18,543)		( 18,543)
At 31 December 2024	0		0
Accumulated depreciation
At 01 January 2024	16,441		16,441
Charge for the financial year	525		525
Disposals	( 16,966)		( 16,966)
At 31 December 2024	0		0
Net book value
At 31 December 2024	0		0
At 31 December 2023	2,102		2,102

4. Stocks

	2024		2023
	£		£
Stocks	0		752

5. Debtors

	2024		2023
	£		£
Trade debtors	152		145
Other debtors	0		15,763
	152		15,908

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	106		0
Other taxation and social security	3,065		5,269
Other creditors	9,898		3,699
	13,069		8,968

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1,003 Ordinary shares of £ 1.00 each	1,003		1,003

8. Related party transactions

Transactions with the entity's director

	2024		2023
	£		£
K E Floyd	(7,323)		15,763

During the year, repayments of £31,931 and advances of £8,845 were made by K E Floyd. The balance due to the director as at 31 December 2024 was £7,323 (2023: £15,763 owed by the director).