Registration number:
TRAIL HOLDINGS LIMITED
for the Year Ended 31 March 2025
TRAIL HOLDINGS LIMITED
Contents
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Company Information |
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Consolidated Balance Sheet |
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Balance Sheet |
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Notes to the Financial Statements |
TRAIL HOLDINGS LIMITED
Company Information
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Director |
Mr W Wright |
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Registered office |
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TRAIL HOLDINGS LIMITED
(Registration number: 09019724)
Consolidated Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Investments |
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- |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
90 |
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Revaluation reserve |
1,000,000 |
1,000,000 |
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Other reserves |
(649) |
(263,128) |
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Retained earnings |
3,038,601 |
2,928,946 |
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Equity attributable to owners of the company |
4,038,052 |
3,665,908 |
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Shareholders' funds |
4,038,052 |
3,665,908 |
Approved and authorised by the
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......................................... |
TRAIL HOLDINGS LIMITED
(Registration number: 09019724)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
2,751,016 |
2,770,881 |
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Shareholders' funds |
2,751,116 |
2,770,981 |
Director's responsibilities:
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• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
Approved and authorised by the
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TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 31 March 2025.
TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Profit and Loss Account from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the group’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the group.
The group recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the group's activities.
Government grants
Grants are accounted for under the accrual model as permitted by FRS102. Grants of a revenue nature are recognised in "other icome" within profit or loss in the same period as the related expenditure. Grants which become receiveable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which they become receiveable.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 group operates and generates taxable income.
TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated 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.
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:
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Asset class |
Depreciation method and rate |
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Furniture, fittings and equipment |
25% on reducing balance |
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Motor vehicles |
25% on reducing balance |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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.
TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the group will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less cost to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct material and, where applicable, direct labout costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the imparirment loss is recongnised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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 group 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.
TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
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 group’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 group 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.
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Other gains and losses |
The analysis of the group's other gains and losses for the year is as follows:
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2025 |
2024 |
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(Loss)/gain on disposal of tangible assets |
( |
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Operating profit |
Arrived at after charging/(crediting)
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2025 |
2024 |
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Depreciation expense |
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Loss/(profit) on disposal of property, plant and equipment |
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( |
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Staff costs |
The average number of persons employed by the group (including the director) during the year, analysed by category was as follows:
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2025 |
2024 |
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Administration and support |
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Intangible assets |
Group
TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
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Other intangible assets |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Amortisation |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Company
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Other intangible assets |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Amortisation |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Tangible assets |
Group
TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
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Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 April 2024 |
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Additions |
- |
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Disposals |
- |
- |
( |
( |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
- |
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Charge for the year |
- |
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Eliminated on disposal |
- |
- |
( |
( |
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At 31 March 2025 |
- |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Included within the net book value of land and buildings above is £1,169,134 (2024 - £1,169,134) in respect of freehold land and buildings.
TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
Company
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Land and buildings |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Depreciation |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Included within the net book value of land and buildings above is £1,169,134 (2024 - £1,169,134) in respect of freehold land and buildings.
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Investments |
Group
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the group holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2025 |
2024 |
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Subsidiary undertakings |
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Unit C, White Oak Technology Centre, Swanley, Kent BR8 7AG |
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United Kingdom |
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Unit C, White Oak Technology Centre, Swanley, Kent, BR8 7AG |
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United Kingdom |
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Unit C, White Oak Technology Centre, Swanley, Kent, BR8 7AG |
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United Kingdom |
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The principal acitivity of Trail Group Ltd is building and maintenance services.
The principal activity of LevelUP Property Management is property managemen consultancy services.
The principal activity of Trail Active Fire Protection Limited is security systems service activites.
Company
TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
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2025 |
2024 |
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Investments in subsidiaries |
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Stocks |
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Group |
Company |
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2025 |
2024 |
2025 |
2024 |
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Work in progress |
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- |
- |
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Debtors |
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Group |
Company |
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Current |
Note |
2025 |
2024 |
2025 |
2024 |
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Trade debtors |
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- |
- |
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Amounts owed by related parties |
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- |
- |
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Other debtors |
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Prepayments |
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- |
- |
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Accrued income |
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- |
- |
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TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
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Creditors |
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Group |
Company |
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Note |
2025 |
2024 |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Amounts due to related parties |
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- |
- |
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Social security and other taxes |
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- |
- |
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Other payables |
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- |
- |
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Accruals |
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Income tax liability |
102,333 |
82,088 |
465 |
164 |
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Due after one year |
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Loans and borrowings |
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Pension and other schemes |
Defined contribution pension scheme
The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £
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Related party transactions |
Company
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Transactions with the director |
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2025 |
At 1 April 2024 |
Advances to director |
At 31 March 2025 |
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Mr W Wright |
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W.Wright |
- |
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Loans to related parties
TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
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2025 |
Entities with joint control or significant influence |
Subsidiary |
Total |
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At start of period |
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Repaid |
( |
( |
( |
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At end of period |
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2024 |
Entities with joint control or significant influence |
Subsidiary |
Total |
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At start of period |
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Advanced |
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At end of period |
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Terms of loans to related parties
The loan to key management carries interest at 3% and is repayable on demand.
Loans from related parties
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2025 |
Subsidiary |
Total |
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At start of period |
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Advanced |
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At end of period |
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2024 |
Subsidiary |
Total |
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At start of period |
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Advanced |
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At end of period |
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TRAIL HOLDINGS LIMITED
Notes to the Financial Statements for the Year Ended 31 March 2025
Terms of loans from related parties