Registered number
06579761
Tricam Construction Limited
Filleted Accounts
30 April 2023
Tricam Construction Limited
Registered number: 06579761
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,630 12,839
Current assets
Debtors 4 7,439 14,650
Cash at bank and in hand 64,586 37,627
72,025 52,277
Creditors: amounts falling due within one year 5 (45,792) (55,008)
Net current assets/(liabilities) 26,233 (2,731)
Total assets less current liabilities 35,863 10,108
Creditors: amounts falling due after more than one year 6 (750) (7,350)
Net assets 35,113 2,758
Capital and reserves
Called up share capital 1 1
Profit and loss account 35,112 2,757
Shareholder's funds 35,113 2,758
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Douglas Trevor Gittings
Director
Approved by the board on 30 August 2023
Tricam Construction Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2022 8,628 31,132 39,760
At 30 April 2023 8,628 31,132 39,760
Depreciation
At 1 May 2022 7,848 19,073 26,921
Charge for the year 195 3,014 3,209
At 30 April 2023 8,043 22,087 30,130
Net book value
At 30 April 2023 585 9,045 9,630
At 30 April 2022 780 12,059 12,839
4 Debtors 2023 2022
£ £
Other taxes and social securities 805 3,536
Other debtors 6,634 11,114
7,439 14,650
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 6,600 6,600
Taxation and social security costs 12,822 10,714
Other creditors 26,370 37,694
45,792 55,008
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 750 7,350
7 Controlling party
The Director, Douglas Gittings, controls the company by virtue of his shareholding and Directorship.
8 Other information
Tricam Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wood End 12 Abingdon Road
Tubney
Abingdon
OX13 5QL
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