Company Registration No. 10512353 (England and Wales)
TRI CAPITAL DS PV LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
John Cumming Ross Limited
Chartered Certified Accountants
1st Floor, Kirkland House
11-15 Peterborough Road
Harrow
Middlesex
HA1 2AX
TRI CAPITAL DS PV LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
TRI CAPITAL DS PV LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TRI CAPITAL DS PV LIMITED FOR THE YEAR ENDED 31 DECEMBER 2022
- 1 -

The following reproduces text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited financial statements set out on pages 2 to 5 have been extracted.

"In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tri Capital DS PV Limited for the year ended 31 December 2022 set out on pages 3 to 8 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/about-us/regulation/rulebook.html.

Our work has been undertaken solely to prepare for your approval the financial statements of Tri Capital DS PV Limited and state those matters that we have agreed to state to the Board of Directors of Tri Capital DS PV Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tri Capital DS PV Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tri Capital DS PV 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 Tri Capital DS PV Limited. You consider that Tri Capital DS PV 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 Tri Capital DS PV 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.

 

 

John Cumming Ross Limited
Chartered Certified Accountants
1st Floor, Kirkland House
11-15 Peterborough Road
Harrow
Middlesex
HA1 2AX
"
31 October 2023
TRI CAPITAL DS PV LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2022
31 December 2022
- 2 -
2022
2021
Notes
£
£
£
£
Current assets
Stocks
3
1,602,023
1,038,389
Cash at bank and in hand
220,812
242,397
1,822,835
1,280,786
Creditors: amounts falling due within one year
4
(471,562)
(218,852)
Net current assets
1,351,273
1,061,934
Creditors: amounts falling due after more than one year
5
(26,761)
(35,830)
Net assets
1,324,512
1,026,104
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
7
1,324,412
1,026,004
Total equity
1,324,512
1,026,104

The directors of the company have taken advantage under section 444 of the Companies Act 2006 to not deliver a copy of the directors' report and profit and loss account within the financial statements.true

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 October 2023 and are signed on its behalf by:
Mr J R Patel
Director
Company Registration No. 10512353
TRI CAPITAL DS PV LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
1
Accounting policies
Company information

Tri Capital DS PV Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1, Prideview Place, Church Road, Stanmore, Middlesex, HA7 4AA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest

Basic financial liabilities

Basic financial liabilities, including creditors, are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

TRI CAPITAL DS PV LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 4 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
4
4
3
Stocks
2022
2021
£
£
Stocks
1,602,023
1,038,389
TRI CAPITAL DS PV LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 5 -
4
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
9,999
10,000
Corporation tax
69,635
183,148
Other taxation and social security
45,726
6,664
Other creditors
346,202
19,040
471,562
218,852
5
Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
26,761
35,830

Bounce Back Loan of £36,761 (2021: £45,830) is backed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy.

 

6
Called up share capital
2022
2021
2022
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
7
Profit and loss reserves
2022
2021
£
£
At the beginning of the year
1,026,004
245,386
Profit for the year
298,408
780,618
At the end of the year
1,324,412
1,026,004
8
Related party transactions

As at balance sheet date the amounts owed to the shareholders are as follows :

 

Eastway Estates Limited - £163,128 (2021 - £10,102)

 

Tri Capital Corporation Limited - £156,755 (2019 - £6,368)

 

 

 

2022-12-312022-01-01false31 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr J R PatelMr V S PatelMr J R KesselMr D P Sugarfalse105123532022-01-012022-12-31105123532022-12-31105123532021-12-3110512353core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3110512353core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3110512353core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3110512353core:Non-currentFinancialInstrumentscore:AfterOneYear2021-12-3110512353core:CurrentFinancialInstruments2022-12-3110512353core:CurrentFinancialInstruments2021-12-3110512353core:ShareCapital2022-12-3110512353core:ShareCapital2021-12-3110512353core:RetainedEarningsAccumulatedLosses2022-12-3110512353core:RetainedEarningsAccumulatedLosses2021-12-3110512353core:RetainedEarningsAccumulatedLosses2021-12-3110512353core:RetainedEarningsAccumulatedLosses2020-12-3110512353bus:Director12022-01-012022-12-31105123532021-01-012021-12-3110512353core:Non-currentFinancialInstruments2022-12-3110512353core:Non-currentFinancialInstruments2021-12-3110512353bus:PrivateLimitedCompanyLtd2022-01-012022-12-3110512353bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-3110512353bus:FRS1022022-01-012022-12-3110512353bus:AuditExemptWithAccountantsReport2022-01-012022-12-3110512353bus:Director22022-01-012022-12-3110512353bus:Director32022-01-012022-12-3110512353bus:Director42022-01-012022-12-3110512353bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP