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Registration number: 11492112

Trinity Precision Engineering (Holdings) Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Trinity Precision Engineering (Holdings) Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Trinity Precision Engineering (Holdings) Limited

Company Information

Directors

V Henderson

C P Buckley

Registered office

Unit B10, Hamar Close
Tyne Tunnel Trading Estate
North Shields
NE29 7XB

Accountants

Azets
Bulman House
Regent Centre
Gosforth
Newcastle upon Tyne
NE3 3LS

 

Trinity Precision Engineering (Holdings) Limited

(Registration number: 11492112)
Statement of Financial Position as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

4

4

Capital and reserves

 

Called up share capital

4

4

Total equity

 

4

4

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised for issue by the Board on 20 October 2023 and signed on its behalf by:
 

.........................................
C P Buckley
Director

 

Trinity Precision Engineering (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is Unit B10, Hamar Close, Tyne Tunnel Trading Estate, North Shields, NE29 7XB.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are prepared in sterling which is the functional currency of the entity.

Group accounts not prepared

The company has taken advantage of the option to not prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group..

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through cash generated from operations, shareholder borrowings and external borrowings. The company’s forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance.

Based on the factors set out above the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Trinity Precision Engineering (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in subsidiaries

4

4

Subsidiaries

£

Cost or valuation

At 1 August 2022 and 31 July 2022

4

Carrying amount

At 31 July 2023

4

At 31 July 2022

4

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Trinity Precision Engineering Limited

Unit B10, Hamar Close
Tyne Tunnel Trading Estate
North Shields
NE29 7XB

Ordinary

100%

100%

 

England

     
 

Trinity Precision Engineering (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

4

Investments (continued)

Subsidiary undertakings

Trinity Precision Engineering Limited

The principal activity of Trinity Precision Engineering Limited is precision engineering.