REGISTERED NUMBER: 06418765 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

TERRASA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J N Chapman

REGISTERED OFFICE:

10 Mornant Avenue

Hartford

Northwich

Cheshire

CW8 2FQ

REGISTERED NUMBER:

06418765 (England and Wales)

ACCOUNTANTS:

WatkinsonBlack

1st Floor

264 Manchester Road

Warrington

Cheshire

WA1 3RB

BANKERS:

Barclays Bank Plc

23-25 Golden Square

Warrington

Cheshire

WA1 1TW

FIXED ASSETS

Tangible assets

4

2,981

3,975

CURRENT ASSETS

Stocks

73,500

97,000

Debtors

5

28,870

31,962

Cash at bank and in hand

74,124

35,846

176,494

164,808

CREDITORS

Amounts falling due within one year

6

59,598

28,209

NET CURRENT ASSETS

116,896

136,599

TOTAL ASSETS LESS CURRENT LIABILITIES

119,877

140,574

CREDITORS

Amounts falling due after more than one year

7

13,500

18,334

NET ASSETS

106,377

122,240

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

106,375

122,238

106,377

122,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 6 March 2026 and were signed by:

J N Chapman - Director

1.	STATUTORY INFORMATION

Terrasa 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

29,377

DEPRECIATION

At 1 January 2025

25,402

Charge for year

994

At 31 December 2025

26,396

NET BOOK VALUE

At 31 December 2025

2,981

At 31 December 2024

3,975

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

8,055

7,267

Other debtors

20,815

24,695

28,870

31,962

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

264

43

Taxation and social security

10,593

10,818

Other creditors

48,741

17,348

59,598

28,209

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

13,500

18,334

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

13,500

18,334