Trek Accountants Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14592258

		31 January 2025		31 January 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,500,775		478,546
Investments	5		50,000		50,000

			1,550,775		528,546
CURRENT ASSETS
Debtors	6	183,175		-
Cash at bank and in hand		84,840		247,000

		268,015		247,000
Creditors: Amounts Falling Due Within One Year	7	(625,881 )		(469,003 )

NET CURRENT ASSETS (LIABILITIES)			(357,866 )		(222,003 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,192,909		306,543

Creditors: Amounts Falling Due After More Than One Year	8		(894,447 )		(139,460 )

NET ASSETS			298,462		167,083

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			298,461		167,082

SHAREHOLDERS' FUNDS			298,462		167,083

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Trek Accountants Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Miss Mihaela Sebe

Director

2nd June 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Trek Accountants Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14592258 . The registered office is The Barbican Centre Lustleigh Close, Marsh Barton Trading Estate, Exeter, EX2 8PW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0
Leasehold	40%
Motor Vehicles	18%
Fixtures & Fittings	18%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2024: 30)

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Trek Accountants Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 February 2024	-	93,500	299,345	215,833	608,678
Additions	1,050,000	-	143,500	-	1,193,500
Disposals	-	-	(32,000 )	-	(32,000 )

As at 31 January 2025	1,050,000	93,500	410,845	215,833	1,770,178

Depreciation
As at 1 February 2024	-	37,400	53,882	38,850	130,132
Provided during the period	-	37,400	70,015	31,856	139,271

As at 31 January 2025	-	74,800	123,897	70,706	269,403

Net Book Value
As at 31 January 2025	1,050,000	18,700	286,948	145,127	1,500,775

As at 1 February 2024	-	56,100	245,463	176,983	478,546

5. Investments

	Unlisted
	£
Cost
As at 1 February 2024	50,000

As at 31 January 2025	50,000

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	50,000

As at 1 February 2024	50,000

6. Debtors

	31 January 2025	31 January 2024
	£	£
Due within one year
Other debtors	183,175	-

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Trek Accountants Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Creditors: Amounts Falling Due Within One Year

	31 January 2025	31 January 2024
	£	£
VAT Loan	210,000	-
Other creditors	411,168	442,105
Taxation and social security	4,713	26,898

	625,881	469,003

8. Creditors: Amounts Falling Due After More Than One Year

	31 January 2025	31 January 2024
	£	£
Net obligations under finance lease and hire purchase contracts	159,447	139,460
Mortgage	735,000	-

	894,447	139,460

9. Obligations Under Finance Leases and Hire Purchase

	31 January 2025	31 January 2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	159,447	139,460

10. Share Capital

	31 January 2025	31 January 2024
	£	£
Allotted, Called up and fully paid	1	1

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