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REGISTERED NUMBER: 02715278 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

TRIDENT INDUSTRIES LIMITED

TRIDENT INDUSTRIES LIMITED (REGISTERED NUMBER: 02715278)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


TRIDENT INDUSTRIES LIMITED (REGISTERED NUMBER: 02715278)

Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 72,248 75,237

CURRENT ASSETS
Debtors 6 18,054 11,612
Cash at bank 1,659 1,817
19,713 13,429
CREDITORS
Amounts falling due within one year 7 1,594 947
NET CURRENT ASSETS 18,119 12,482
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,367

87,719

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,267 87,619
SHAREHOLDERS' FUNDS 90,367 87,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 13 September 2022 and were signed by:



Mr P A J Spragg - Director


TRIDENT INDUSTRIES LIMITED (REGISTERED NUMBER: 02715278)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Trident Industries Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02715278 and the registered office address is Unit 2b, Hixon Airfield Industrial Estate, Hixon, Staffordshire, ST18 0PF

The principal activity during the year was that of hire of plant and machinery.

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

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
The preparation of the financial statements in conformity with generally accepted accounting principles requires the Directors to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results in the future could differ from those estimates. Management considers that certain accounting assumptions relating to revenue, taxation and provisions are its critical accounting policies.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of consideration due.

Where a contract has only been partly completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance


TRIDENT INDUSTRIES LIMITED (REGISTERED NUMBER: 02715278)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2021
and 31 December 2021 57,848 162,357 6,422 22,835 249,462
DEPRECIATION
At 1 January 2021 1,768 143,804 6,294 22,359 174,225
Charge for year 68 2,783 19 119 2,989
At 31 December 2021 1,836 146,587 6,313 22,478 177,214
NET BOOK VALUE
At 31 December 2021 56,012 15,770 109 357 72,248
At 31 December 2020 56,080 18,553 128 476 75,237

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 18,054 11,612

TRIDENT INDUSTRIES LIMITED (REGISTERED NUMBER: 02715278)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Taxation and social security 1,594 947