IRIS Accounts Production v22.2.0.402 SC138470 Board of Directors 1.6.21 31.5.22 31.5.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC1384702021-05-31SC1384702022-05-31SC1384702021-06-012022-05-31SC1384702020-05-31SC1384702020-06-012021-05-31SC1384702021-05-31SC138470ns16:Scotland2021-06-012022-05-31SC138470ns15:PoundSterling2021-06-012022-05-31SC138470ns11:Director12021-06-012022-05-31SC138470ns11:PrivateLimitedCompanyLtd2021-06-012022-05-31SC138470ns11:SmallEntities2021-06-012022-05-31SC138470ns11:AuditExemptWithAccountantsReport2021-06-012022-05-31SC138470ns11:SmallCompaniesRegimeForDirectorsReport2021-06-012022-05-31SC138470ns11:SmallCompaniesRegimeForAccounts2021-06-012022-05-31SC138470ns11:FullAccounts2021-06-012022-05-31SC138470ns11:Director22021-06-012022-05-31SC138470ns11:RegisteredOffice2021-06-012022-05-31SC138470ns6:CurrentFinancialInstruments2022-05-31SC138470ns6:CurrentFinancialInstruments2021-05-31SC138470ns6:Non-currentFinancialInstruments2022-05-31SC138470ns6:Non-currentFinancialInstruments2021-05-31SC138470ns6:ShareCapital2022-05-31SC138470ns6:ShareCapital2021-05-31SC138470ns6:RetainedEarningsAccumulatedLosses2022-05-31SC138470ns6:RetainedEarningsAccumulatedLosses2021-05-31SC138470ns6:PlantMachinery2021-06-012022-05-31SC138470ns6:FurnitureFittings2021-06-012022-05-31SC138470ns6:MotorVehicles2021-06-012022-05-31SC138470ns6:ComputerEquipment2021-06-012022-05-31SC138470ns6:PlantMachinery2021-05-31SC138470ns6:FurnitureFittings2021-05-31SC138470ns6:MotorVehicles2021-05-31SC138470ns6:ComputerEquipment2021-05-31SC138470ns6:PlantMachinery2022-05-31SC138470ns6:FurnitureFittings2022-05-31SC138470ns6:MotorVehicles2022-05-31SC138470ns6:ComputerEquipment2022-05-31SC138470ns6:PlantMachinery2021-05-31SC138470ns6:FurnitureFittings2021-05-31SC138470ns6:MotorVehicles2021-05-31SC138470ns6:ComputerEquipment2021-05-31SC138470ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-31SC138470ns6:WithinOneYearns6:CurrentFinancialInstruments2021-05-31SC138470ns11:Director112021-05-31SC138470ns11:Director112020-05-31SC138470ns11:Director112021-06-012022-05-31SC138470ns11:Director112020-06-012021-05-31SC138470ns11:Director112022-05-31SC138470ns11:Director112021-05-31















TRINITY ROOFING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2022






TRINITY ROOFING LIMITED (REGISTERED NUMBER: SC138470)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

TRINITY ROOFING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2022







DIRECTORS: Mr D I Deery
Mrs M D D McClymont





REGISTERED OFFICE: Sweethope North Lodge
Carberry Road
Inveresk
Musselburgh
EH21 8PT





REGISTERED NUMBER: SC138470 (Scotland)





ACCOUNTANTS: JRW
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT

TRINITY ROOFING LIMITED (REGISTERED NUMBER: SC138470)

BALANCE SHEET
31ST MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,203 6,568

CURRENT ASSETS
Stocks 1,500 800
Debtors 5 8,585 7,383
Cash at bank 64,368 39,117
74,453 47,300
CREDITORS
Amounts falling due within one year 6 43,843 20,622
NET CURRENT ASSETS 30,610 26,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,813

33,246

CREDITORS
Amounts falling due after more than one
year

7

-

22,351
NET ASSETS 35,813 10,895

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 35,811 10,893
35,813 10,895

TRINITY ROOFING LIMITED (REGISTERED NUMBER: SC138470)

BALANCE SHEET - continued
31ST MAY 2022


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th August 2022 and were signed on its behalf by:





Mrs M D D McClymont - Director


TRINITY ROOFING LIMITED (REGISTERED NUMBER: SC138470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022

1. STATUTORY INFORMATION

Trinity Roofing Limited is a private company, limited by shares , registered in Scotland. 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.

In light of the situation at the year end regarding COVID-19 the Directors have considered the potential impact of the current pandemic on the business. The Directors are satisfied that the Company to has sufficient cash reserves to meet all financial obligations for the foreseeable future. As a result, the Directors believe that the company will continue as a going concern and the accounts have been prepared on this basis.

Turnover
The company provides goods and services in respect of roofing activities. Turnover represents the value, net of value added tax and discounts, in respect of goods and services provided to customers. Revenue is recognised in the accounting period in which the goods and services are rendered.

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 - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

TRINITY ROOFING LIMITED (REGISTERED NUMBER: SC138470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022

2. ACCOUNTING POLICIES - continued

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income and Expenditure Account.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities as payment is due within one year or less. If not they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

TRINITY ROOFING LIMITED (REGISTERED NUMBER: SC138470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2021 60,415 2,385 32,885 399 96,084
Additions - - - 1,231 1,231
At 31st May 2022 60,415 2,385 32,885 1,630 97,315
DEPRECIATION
At 1st June 2021 56,472 2,385 30,260 399 89,516
Charge for year 1,315 - 875 406 2,596
At 31st May 2022 57,787 2,385 31,135 805 92,112
NET BOOK VALUE
At 31st May 2022 2,628 - 1,750 825 5,203
At 31st May 2021 3,943 - 2,625 - 6,568

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 7,825 4,837
Other debtors 760 2,546
8,585 7,383

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1,735 6,389
Trade creditors 3,479 626
Taxation and social security 24,821 10,391
Other creditors 13,808 3,216
43,843 20,622

TRINITY ROOFING LIMITED (REGISTERED NUMBER: SC138470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans - 22,351

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st May 2022 and 31st May 2021:

2022 2021
£    £   
Mrs M D D McClymont
Balance outstanding at start of year 330 (9,540 )
Amounts advanced 10,321 (4,670 )
Amounts repaid - 14,540
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,651 330

Mr R J Walls
Balance outstanding at start of year - (9,539 )
Amounts repaid - 9,539
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TRINITY ROOFING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trinity Roofing Limited for the year ended 31st May 2022 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Trinity Roofing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trinity Roofing Limited and state those matters that we have agreed to state to the Board of Directors of Trinity Roofing Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Trinity Roofing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trinity Roofing Limited. You consider that Trinity Roofing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trinity Roofing Limited. 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 statutory financial statements.






JRW
Chartered Accountants
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT


26th August 2022