Truebuild Shrewsbury Ltd - Filleted accounts

Registered number

12752605

Truebuild Shrewsbury Ltd

Filleted Accounts

30 April 2025

Truebuild Shrewsbury Ltd
Registered number:		12752605
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		5,789			6,946
Tangible assets	4		8,604			18,323
			14,393			25,269

Current assets
Stocks		15,000			17,000
Debtors	5	15,027			30,042
Cash at bank and in hand		55,505			75,341
		85,532			122,383

Creditors: amounts falling due within one year	6	(35,068)			(44,389)

Net current assets			50,464			77,994

Total assets less current liabilities			64,857			103,263

Creditors: amounts falling due after more than one year	7		(178)			(6,093)



Net assets			64,679			97,170

Capital and reserves
Called up share capital			100			100
Profit and loss account			64,579			97,070

Shareholders' funds			64,679			97,170

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Hardy
Director
Approved by the board on 8 January 2026

Truebuild Shrewsbury Ltd
Notes to the Accounts
for the year ended 30 April 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 May 2024					11,574
	At 30 April 2025					11,574

	Amortisation
	At 1 May 2024					4,628
	Provided during the year					1,157
	At 30 April 2025					5,785

	Net book value
	At 30 April 2025					5,789
	At 30 April 2024					6,946

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 May 2024	407		49,923		50,330
	Additions	663		-		663
	Disposals	-		(23,748)		(23,748)
	At 30 April 2025	1,070		26,175		27,245

	Depreciation
	At 1 May 2024	157		31,850		32,007
	Charge for the year	228		2,640		2,868
	On disposals	-		(16,234)		(16,234)
	At 30 April 2025	385		18,256		18,641

	Net book value
	At 30 April 2025	685		7,919		8,604
	At 30 April 2024	250		18,073		18,323


5	Debtors			2025		2024
£					£

	Trade debtors			13,127		26,796
	Other debtors			1,900		3,246
				15,027		30,042


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			-		3,641
	Obligations under finance lease and hire purchase contracts			4,219		4,219
	Trade creditors			9,813		8,110
	Taxation and social security costs			19,998		27,271
	Directors loan accounts			76		211
	Accruals			962		937
				35,068		44,389


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		2,398
	Obligations under finance lease and hire purchase contracts			178		3,695
				178		6,093


8	Controlling party

	The company is controlled by S Hardy & J Humphreys, directors of the company who own 100% of the issued share capital.


9	Other information

	Truebuild Shrewsbury Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	5 Harlescott Barns
	Harlescott Lane
	Shrewsbury
	Shropshire
	SY1 3SZ