TR1 Construction Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of TR1 Construction Ltd for the year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of TR1 Construction Ltd for the year ended 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of TR1 Construction Ltd , as a body, in accordance with the terms of our engagement letter dated 09 August 2024. Our work has been undertaken solely to prepare for your approval the accounts of TR1 Construction Ltd and state those matters that we have agreed to state to the directors of TR1 Construction Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TR1 Construction Ltd and its directors, as a body, for our work or for this report.

It is your duty to ensure that TR1 Construction Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of TR1 Construction Ltd . You consider that TR1 Construction Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of TR1 Construction Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

10/07/2026

Elementary Accountancy Services Limited

36 Dearne Hall Lane

Barnsley

S751FX

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TR1 Construction Ltd

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 10827967

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		117,428		69,199

			117,428		69,199
CURRENT ASSETS
Debtors	5	19,498		88,121
Cash at bank and in hand		73,271		76,950

		92,769		165,071
Creditors: Amounts Falling Due Within One Year	6	(54,877 )		(156,935 )

NET CURRENT ASSETS (LIABILITIES)			37,892		8,136

TOTAL ASSETS LESS CURRENT LIABILITIES			155,320		77,335

Creditors: Amounts Falling Due After More Than One Year	7		(92,279 )		(53,206 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(29,357 )		(13,148 )

NET ASSETS			33,684		10,981

CAPITAL AND RESERVES
Called up share capital	10		200		200
Profit and Loss Account			33,484		10,781

SHAREHOLDERS' FUNDS			33,684		10,981

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TR1 Construction Ltd

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 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

Mr Daniel Mendola

Director

10/07/2026

The notes on pages 4 to 7 form part of these financial statements.

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TR1 Construction Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

TR1 Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10827967 . The registered office is Unit 1 Cathedral Compound, Newham, Truro, TR1 2XN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The accounts are prepared in £ sterling and rounded to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover relates to the rendering of services for the provision of construction work. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

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:

Plant & Machinery	20% straight line
Motor Vehicles	20% reducing balance
Computer Equipment	25% straight line

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.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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TR1 Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2025	13,812	62,073	800	76,685
Additions	22,350	42,865	1,832	67,047

As at 31 December 2025	36,162	104,938	2,632	143,732

Depreciation
As at 1 January 2025	5,501	1,968	17	7,486
Provided during the period	4,942	13,464	412	18,818

As at 31 December 2025	10,443	15,432	429	26,304

Net Book Value
As at 31 December 2025	25,719	89,506	2,203	117,428

As at 1 January 2025	8,311	60,105	783	69,199

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	2,038
Prepayments and accrued income	18,497	76,760
Corporation tax recoverable assets	-	4,544
Net wages	1,001	-
Directors' loan accounts	-	4,779

	19,498	88,121

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TR1 Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	15,155	11,186
Trade creditors	3,526	88,999
Bank loans and overdrafts	3,955	25,575
Corporation tax	19,976	-
Other taxes and social security	4,332	16,120
VAT	3,486	14,055
Other creditors	4,097	-
Accruals and deferred income	-	1,000
Directors' loan accounts	350	-

	54,877	156,935

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	92,279	49,197
Bank loans	-	4,009

	92,279	53,206

8. Secured Creditors

Of the creditors the following amounts are secured. The debts are secured to the assets to which the debt relates.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	107,434		60,383

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	15,155	11,186
Later than one year and not later than five years	92,279	49,197

	107,434	60,383

	107,434	60,383

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

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TR1 Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	12,000	-
Later than one year and not later than five years	48,000	-
Later than five years	22,000	-

	82,000	-

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2025
	£	£	£	£	£
Mr Glyn Keast	4,080	-	4,080	-	-

The above loan was unsecured, interest free and repayable on demand.

13. Related Party Transactions

During the year, management fees of £20,201.76 (2024: £99,636) were paid to companies under the same control as this company.

Within Trade Creditors is an amount of £nil (2024: £8,400) owed to a company with an owner in common with this company.

During the year, assets of £nil (2024: £8,811) were puchased from a company with an owner in common with this company.

During the year, a motor vehicle was leased from a company with an owner in common with this company for £nil (2024: 3,321).

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