IRIS Accounts Production v22.1.4.3 01268274 Board of Directors Board of Directors 1.2.21 31.1.22 31.1.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure012682742021-01-31012682742022-01-31012682742021-02-012022-01-31012682742020-01-31012682742020-02-012021-01-31012682742021-01-3101268274ns16:EnglandWales2021-02-012022-01-3101268274ns15:PoundSterling2021-02-012022-01-3101268274ns11:Director12021-02-012022-01-3101268274ns11:Director22021-02-012022-01-3101268274ns11:PrivateLimitedCompanyLtd2021-02-012022-01-3101268274ns11:SmallEntities2021-02-012022-01-3101268274ns11:AuditExempt-NoAccountantsReport2021-02-012022-01-3101268274ns11:SmallCompaniesRegimeForDirectorsReport2021-02-012022-01-3101268274ns11:SmallCompaniesRegimeForAccounts2021-02-012022-01-3101268274ns11:FullAccounts2021-02-012022-01-3101268274ns6:CurrentFinancialInstruments2022-01-3101268274ns6:CurrentFinancialInstruments2021-01-3101268274ns6:Non-currentFinancialInstruments2022-01-3101268274ns6:Non-currentFinancialInstruments2021-01-3101268274ns6:ShareCapital2022-01-3101268274ns6:ShareCapital2021-01-3101268274ns6:RetainedEarningsAccumulatedLosses2022-01-3101268274ns6:RetainedEarningsAccumulatedLosses2021-01-3101268274ns11:RegisteredOffice2021-02-012022-01-3101268274ns6:PlantMachinery2021-02-012022-01-3101268274ns6:MotorVehicles2021-02-012022-01-3101268274ns6:ComputerEquipment2021-02-012022-01-3101268274ns6:PlantMachinery2021-01-3101268274ns6:MotorVehicles2021-01-3101268274ns6:ComputerEquipment2021-01-3101268274ns6:PlantMachinery2022-01-3101268274ns6:MotorVehicles2022-01-3101268274ns6:ComputerEquipment2022-01-3101268274ns6:PlantMachinery2021-01-3101268274ns6:MotorVehicles2021-01-3101268274ns6:ComputerEquipment2021-01-3101268274ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2021-02-012022-01-3101268274ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-01-3101268274ns6:AdditionsToInvestments2022-01-3101268274ns6:CostValuation2022-01-3101268274ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-3101268274ns6:WithinOneYearns6:CurrentFinancialInstruments2021-01-3101268274ns11:Director112021-01-3101268274ns11:Director112020-01-3101268274ns11:Director112021-02-012022-01-3101268274ns11:Director112020-02-012021-01-3101268274ns11:Director112022-01-3101268274ns11:Director112021-01-31
REGISTERED NUMBER: 01268274 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2022

for

Trigg Electrical Limited

Trigg Electrical Limited (Registered number: 01268274)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Trigg Electrical Limited (Registered number: 01268274)

Balance Sheet
31 January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,233 59,137
Investments 5 60,000 -
140,233 59,137

CURRENT ASSETS
Stocks 72,375 67,654
Debtors 6 327,655 338,125
Cash at bank and in hand 553,808 491,923
953,838 897,702
CREDITORS
Amounts falling due within one year 7 234,802 302,379
NET CURRENT ASSETS 719,036 595,323
TOTAL ASSETS LESS CURRENT LIABILITIES 859,269 654,460

CREDITORS
Amounts falling due after more than one
year

8

(18,398

)

-

PROVISIONS FOR LIABILITIES (15,244 ) (11,187 )
NET ASSETS 825,627 643,273

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 825,527 643,173
SHAREHOLDERS' FUNDS 825,627 643,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Trigg Electrical Limited (Registered number: 01268274)

Balance Sheet - continued
31 January 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2022 and were signed on its behalf by:




Mr J Trigg - Director



Mr R Trigg - Director


Trigg Electrical Limited (Registered number: 01268274)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

Trigg Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01268274

Registered office: Lower Dales
Dunwood Lane
Endon
Stoke-on-Trent
Staffordshire
ST9 9AP

The presentation currency of the financial statements is the Pound Sterling (£).


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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the financial statements have been prepared on a going concern basis.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 15% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Trigg Electrical Limited (Registered number: 01268274)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

2. ACCOUNTING POLICIES - continued

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investment
Fixed asset investments are stated at market value less any impairment at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2021 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2021 33,473 220,495 56,221 310,189
Additions 57,865 - 6,097 63,962
At 31 January 2022 91,338 220,495 62,318 374,151
DEPRECIATION
At 1 February 2021 33,473 166,477 51,102 251,052
Charge for year 14,466 26,004 2,396 42,866
At 31 January 2022 47,939 192,481 53,498 293,918
NET BOOK VALUE
At 31 January 2022 43,399 28,014 8,820 80,233
At 31 January 2021 - 54,018 5,119 59,137

Trigg Electrical Limited (Registered number: 01268274)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 50,000
At 31 January 2022 50,000
DEPRECIATION
Charge for year 12,500
At 31 January 2022 12,500
NET BOOK VALUE
At 31 January 2022 37,500

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 60,000
At 31 January 2022 60,000
NET BOOK VALUE
At 31 January 2022 60,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 289,083 313,329
Other debtors 38,572 24,796
327,655 338,125

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 9,594 -
Trade creditors 38,617 62,922
Taxation and social security 178,225 200,554
Other creditors 8,366 38,903
234,802 302,379

Trigg Electrical Limited (Registered number: 01268274)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts 18,398 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts 27,992 -

Debts are secured against the assets in which the debt has been incurred to acquire.

10. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £10,748 (2021 £10,748). This financial commitment represents the total amount of payments remaining on the lease.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2022 and 31 January 2021:

2022 2021
£    £   
Mr J Trigg
Balance outstanding at start of year (31,352 ) 5,696
Amounts advanced 244,987 162,952
Amounts repaid (203,833 ) (200,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,802 (31,352 )

No interest has been charged on the amount outstanding, which is repayable on demand. The amount outstanding has been repaid since 31st January 2022.