Company Registration No. 11127694 (England and Wales)
Trydan Solutions Limited
Unaudited accounts
for the year ended 31 December 2021
Trydan Solutions Limited
Unaudited accounts
Contents
Trydan Solutions Limited
Company Information
for the year ended 31 December 2021
Directors
Gavin Paul James
Lloyd John Davies
Company Number
11127694 (England and Wales)
Registered Office
Unit, Commercial Street
West Lane
Nelson
Treharris
CF46 6NX
Accountants
RP Accountancy Limited
Ty-Gryffydd
Penyrheol
Caerphilly
CF83 2AP
Trydan Solutions Limited
Statement of financial position
as at 31 December 2021
Tangible assets
85,844
71,258
Cash at bank and in hand
27,900
8,305
Creditors: amounts falling due within one year
(118,626)
(78,007)
Net current (liabilities)/assets
(17,004)
30,662
Total assets less current liabilities
68,840
101,920
Creditors: amounts falling due after more than one year
(46,627)
(60,429)
Called up share capital
1
1
Profit and loss account
22,212
41,490
Shareholders' funds
22,213
41,491
For the year ending 31 December 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2022 and were signed on its behalf by
Gavin Paul James
Director
Company Registration No. 11127694
Trydan Solutions Limited
Notes to the Accounts
for the year ended 31 December 2021
Trydan Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11127694. The registered office is Unit, Commercial Street, West Lane, Nelson, Treharris, CF46 6NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance.
Motor vehicles
20% reducing balance.
Fixtures & fittings
20% reducing balance.
Computer equipment
3 years straight line.
Reclassification of asset
A motor vehicle has been reclassified from Plant & Machinery to Motor Vehicles along with the associated depreciation.
Both depreciation rates were and remain the same at 20% RDB.
The company has received a £50,000 Bounce Back Loan at 0% Interest for the first year to May 2021.
Repayments will then be spread over 5 years, with the interest charge reflected in the Profit and Loss account.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Trydan Solutions Limited
Notes to the Accounts
for the year ended 31 December 2021
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2021
45,000
7,645
25,605
1,586
1,501
81,337
Additions
-
945
16,167
5,292
3,451
25,855
At 31 December 2021
45,000
8,590
41,772
6,878
4,952
107,192
At 1 January 2021
-
3,845
5,121
425
688
10,079
Charge for the year
-
949
7,330
1,339
1,651
11,269
At 31 December 2021
-
4,794
12,451
1,764
2,339
21,348
At 31 December 2021
45,000
3,796
29,321
5,114
2,613
85,844
At 31 December 2020
45,000
3,800
20,484
1,161
813
71,258
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
29,434
100,364
6
Investments held as current assets
2021
2020
Unlisted investments
1,414
-
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
6,720
-
Obligations under finance leases and hire purchase contracts
3,130
3,129
Trade creditors
84,312
48,239
Amounts owed to group undertakings and other participating interests
(411)
-
Taxes and social security
9,017
6,475
Loans from directors
14,277
4,624
Trydan Solutions Limited
Notes to the Accounts
for the year ended 31 December 2021
8
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
7,300
10,429
9
Transactions with related parties
During the year, Trydan Solutions Limited incurred expenses on behalf of Calon Property Developments Ltd totalling £397.70.
Trydan Solutions Limited also incurred expenses on behalf of Trydan Property Ltd amounting to £13.00.
These amounts are reflected on the balance sheet and repayable in more than one year.
10
Average number of employees
During the year the average number of employees was 14 (2020: 12).