TRELOWETH CONCEPTS LIMITED


Director	BALL, David Andrew Archie


Registered Address	The Carthouse
	Godolphin Cross
	Helston
	TR13 9RJ


Registered Number	08303574 (England and Wales)

Balance Sheet as at
31 October 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		126,506		616,957
			126,506		616,957
Current assets
Stocks	4	-		472,000
Debtors		685,333		670,086
		685,333		1,142,086
Creditors amounts falling due within one year	5	(20,107)		(303,926)
Net current assets (liabilities)			665,226		838,160
Total assets less current liabilities			791,732		1,455,117
Creditors amounts falling due after one year	6		(694,327)		(1,270,554)
Provisions for liabilities	8		-		(87,617)
Net assets			97,405		96,946
Capital and reserves
Called up share capital			5		5
Profit and loss account			97,400		96,941
Shareholders' funds			97,405		96,946

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 13 July 2026, and are signed on its behalf by:

BALL, David Andrew Archie
Director
Registered Company No. 08303574

TRELOWETH CONCEPTS LIMITED

Notes to the Financial Statements
for the year ended 31 October 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	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). Investment property is remeasured to fair value at each reporting date, with changes in fair value recognised in profit or loss.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Revenue from rendering of services
	Revenue 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.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	4
	Vehicles	4
	Office Equipment	4

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		1

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 November 24	458,333	297,304	148,321	8,747	912,705
Additions	-	36,135	91,000	-	127,135
Disposals	(458,333)	(172,567)	-	-	(630,900)
At 31 October 25	-	160,872	239,321	8,747	408,940
Depreciation and impairment
At 01 November 24	-	186,071	100,946	8,731	295,748
Charge for year	-	11,525	41,648	-	53,173
On disposals	-	(66,487)	-	-	(66,487)
At 31 October 25	-	131,109	142,594	8,731	282,434
Net book value
At 31 October 25	-	29,763	96,727	16	126,506
At 31 October 24	458,333	111,233	47,375	16	616,957

4.	Stocks

	2025	2024
	£	£
Work in progress	-	472,000
Total	-	472,000

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	7,265	23,551
Bank borrowings and overdrafts	12,639	280,172
Accrued liabilities and deferred income	203	203
Total	20,107	303,926

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	98,371	67,261
Other creditors	595,956	1,203,293
Total	694,327	1,270,554

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	63,986		151,073

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	-	87,617
Total	-	87,617