REGISTERED NUMBER: 01825211 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

TREMORFA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M W Hosken

P D Walsh

SECRETARY:

M W Hosken

REGISTERED OFFICE:

The Terrace Suite

St Mellons Hotel

Castleton

Cardiff

CF3 2XR

REGISTERED NUMBER:

01825211 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jon Payne ACA

AUDITORS:

Xeinadin Audit Limited

(Statutory Auditor)

Court House

Court Road

Bridgend

CF31 1BE

BANKERS:

HSBC

56 Queen Street

Cardiff

CF10 2PX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

701,404

522,265

701,404

522,265

CURRENT ASSETS

Stocks

76,208

-

Debtors

6

2,379,642

3,445,255

Cash at bank and in hand

1,309,957

525,437

3,765,807

3,970,692

CREDITORS

Amounts falling due within one year

7

1,403,817

1,845,258

NET CURRENT ASSETS

2,361,990

2,125,434

TOTAL ASSETS LESS CURRENT LIABILITIES

3,063,394

2,647,699

CREDITORS

Amounts falling due after more than one year

8

(432,133

)

(286,641

)

PROVISIONS FOR LIABILITIES

(168,724

)

(123,227

)

NET ASSETS

2,462,537

2,237,831

CAPITAL AND RESERVES

Called up share capital

11

100,000

100,000

Capital redemption reserve

59,500

59,500

Retained earnings

2,303,037

2,078,331

SHAREHOLDERS' FUNDS

2,462,537

2,237,831

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

M W Hosken - Director

1.	STATUTORY INFORMATION

Tremorfa Ltd 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.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to the consideration.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, plus any costs directly attributable to bringing the asset to its working condition for intended use.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

- 10% on cost

Fixtures and fittings

- 10% on cost

Motor vehicles

- 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

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.

Amounts recoverable under contracts

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 108 (2024 - 83 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

90,000

AMORTISATION

At 1 February 2024

and 31 January 2025

90,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

1,187,852

Additions

366,904

Disposals

(34,677

)

At 31 January 2025

1,520,079

DEPRECIATION

At 1 February 2024

665,587

Charge for year

168,377

Eliminated on disposal

(15,289

)

At 31 January 2025

818,675

NET BOOK VALUE

At 31 January 2025

701,404

At 31 January 2024

522,265

Included within the net book value of £701,404 is £602,109 (2024 - £402,891) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the period in respect of such assets amounted to £132,787 (2024 - £102,767).

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

528,178

1,347,037

Amounts recoverable on contract

348,370

352,462

Other debtors

11,095

11,812

887,643

1,711,311

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,491,999

1,733,944

Aggregate amounts

2,379,642

3,445,255

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

184,203

Hire purchase contracts (see note 9)

187,786

119,301

Trade creditors

631,733

812,351

Taxation and social security

319,420

263,512

Other creditors

264,878

465,891

1,403,817

1,845,258

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 9)

432,133

286,641

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

187,786

119,301

Between one and five years

432,133

286,641

619,919

405,942

Non-cancellable

operating leases

2025

2024

£

£

Within one year

144,000

161,199

Between one and five years

576,000

432,000

In more than five years

180,000

468,000

900,000

1,061,199

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

619,919

405,942

Obligations under hire purchase contracts are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100,000

Ordinary

£1

100,000

100,000

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jon Payne ACA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

13.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets are held separately from those of the company in an independently administered fund.

The pension cost charge represents contributions payable by the company to the fund and amounted to £75,528 during the period (2024 - £58,808).

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

M W Hosken

Balance outstanding at start of year

-

15,000

Amounts repaid

-

(15,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

15.	RELATED PARTY DISCLOSURES

At the balance sheet date £1,301,555 (2024: £1,131,169) was owed from Tremorfa Property Limited, a wholly owned subsidiary of Tremorfa Group Limited. No interest was charged on this loan.

At the balance sheet date £602,775 (2024: £677,775) was owed from Tremorfa Group Limited. No interest was charged on this loan.

Included in creditors due within one year are amounts owed to a director of £15,000.

15.	FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

17.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr M Hosken, by virtue of his majority shareholding in Tremorfa Group Limited.

The parent undertaking is Tremorfa Group Limited whose registered office address is:

St Mellons Hotel

Castleton

Cardiff

United Kingdom

CF3 2XR