Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-302022-11-30112021-12-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08115775 2021-12-01 2022-11-30 08115775 2020-12-01 2021-11-30 08115775 2022-11-30 08115775 2021-11-30 08115775 c:Director1 2021-12-01 2022-11-30 08115775 d:OfficeEquipment 2021-12-01 2022-11-30 08115775 d:OtherPropertyPlantEquipment 2021-12-01 2022-11-30 08115775 d:OtherPropertyPlantEquipment 2022-11-30 08115775 d:OtherPropertyPlantEquipment 2021-11-30 08115775 d:PatentsTrademarksLicencesConcessionsSimilar 2021-12-01 2022-11-30 08115775 d:PatentsTrademarksLicencesConcessionsSimilar 2022-11-30 08115775 d:PatentsTrademarksLicencesConcessionsSimilar 2021-11-30 08115775 d:Goodwill 2021-12-01 2022-11-30 08115775 d:Goodwill 2022-11-30 08115775 d:Goodwill 2021-11-30 08115775 d:CurrentFinancialInstruments 2022-11-30 08115775 d:CurrentFinancialInstruments 2021-11-30 08115775 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08115775 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 08115775 d:ShareCapital 2022-11-30 08115775 d:ShareCapital 2021-11-30 08115775 d:RetainedEarningsAccumulatedLosses 2022-11-30 08115775 d:RetainedEarningsAccumulatedLosses 2021-11-30 08115775 c:OrdinaryShareClass1 2021-12-01 2022-11-30 08115775 c:OrdinaryShareClass1 2022-11-30 08115775 c:OrdinaryShareClass1 2021-11-30 08115775 c:OrdinaryShareClass2 2021-12-01 2022-11-30 08115775 c:OrdinaryShareClass2 2022-11-30 08115775 c:OrdinaryShareClass2 2021-11-30 08115775 c:OrdinaryShareClass3 2021-12-01 2022-11-30 08115775 c:OrdinaryShareClass3 2022-11-30 08115775 c:OrdinaryShareClass3 2021-11-30 08115775 c:OrdinaryShareClass4 2021-12-01 2022-11-30 08115775 c:OrdinaryShareClass4 2022-11-30 08115775 c:OrdinaryShareClass4 2021-11-30 08115775 c:FRS102 2021-12-01 2022-11-30 08115775 c:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 08115775 c:FullAccounts 2021-12-01 2022-11-30 08115775 c:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30 08115775 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2021-12-01 2022-11-30 08115775 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2021-12-01 2022-11-30 08115775 d:ExternallyAcquiredIntangibleAssets 2021-12-01 2022-11-30 08115775 d:Goodwill d:OwnedIntangibleAssets 2021-12-01 2022-11-30 08115775 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2021-12-01 2022-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08115775


Draft for Approval







TRILITE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2022

 
Draft for Approval
TRILITE LIMITED
REGISTERED NUMBER: 08115775

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2022

2022
2021 (As restated)
Note
£
£

Fixed assets
  

Intangible assets
 4 
40,319
6,927

  
40,319
6,927

Current assets
  

Stocks
  
154,174
125,744

Debtors: amounts falling due within one year
 6 
159,749
737

Cash at bank and in hand
  
85,520
82,417

  
399,443
208,898

Creditors: amounts falling due within one year
 7 
(261,359)
(173,753)

Net current assets
  
 
 
138,084
 
 
35,145

Total assets less current liabilities
  
178,403
42,072

  

Net assets
  
178,403
42,072


Capital and reserves
  

Called up share capital 
  
277
277

Profit and loss account
  
178,126
41,795

  
178,403
42,072


Page 1

 
Draft for Approval
TRILITE LIMITED
REGISTERED NUMBER: 08115775
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2022

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 November 2023.




R A Stitcher
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Draft for Approval
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1.


General information

Trilite Limited is a private company limited by shares and registered in England & Wales.   The address of its registered office is Dryveres, Hillview Road, NW7 1AJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover in the prior year comprises revenue recognised by the company in respect of management fees receivable during the year. Turnover in the current year comprises revenue recognised by the company in respect of sales of niche aluminium trusing and structural products during the year.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.5

Intangible assets

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value
of the identifiable assets and liabilities. It is amortised to the profit and loss account over its
estimated economic life. 

 
2.6

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives.

Depreciation is provided on the following basis:

Office equipment
-
25% straight line

Page 3

 
Draft for Approval
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.8

Functional and presentation currency

Items included in the financial statements of the Company are measured using the currency of the
primary economic environment in which the Company operates (the "functional currency").
The  functional  currency  of  the  Company  and  the  currency  in  which  the  financial  statements  are presented (the "presentational currency") is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short term creditors are measured at the transaction price.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).

Page 4

 
Draft for Approval
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

4.


Intangible assets




Patents
Goodwill
Total

£
£
£



Cost


At 1 December 2021
-
10,000
10,000


Additions
10,000
80,000
90,000



At 30 November 2022

10,000
90,000
100,000



Amortisation


At 1 December 2021
-
3,073
3,073


Charge for the year on owned assets
-
11,608
11,608


On revalued assets
10,000
35,000
45,000



At 30 November 2022

10,000
49,681
59,681



Net book value



At 30 November 2022
-
40,319
40,319



At 30 November 2021
-
6,927
6,927



Page 5

 
Draft for Approval
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

5.


Tangible fixed assets





Other fixed assets

£



Cost or valuation


At 1 December 2021
42,071


Transfers intra group
21,495



At 30 November 2022

63,566



Depreciation


At 1 December 2021
42,071


Transfers intra group
21,495



At 30 November 2022

63,566



Net book value



At 30 November 2022
-



At 30 November 2021
-


6.


Debtors

2022
2021 (As restated)
£
£


Trade debtors
737
737

Amounts owed by group undertakings
159,012
-

159,749
737


Page 6

 
Draft for Approval
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Amounts owed to group undertakings
178,320
123,429

Corporation tax
41,872
9,207

Other creditors
34,617
34,617

Accruals and deferred income
6,550
6,500

261,359
173,753



8.


Share capital

2022
2021 (As restated)
£
£
Allotted, called up and fully paid



100 (2021 - 100) Ordinary A shares of £1.00 each
100
100
100 (2021 - 100) Ordinary B shares of £1.00 each
100
100
50 (2021 - 50) Ordinary C shares of £1.00 each
50
50
27 (2021 - 27) Ordinary D shares of £1.00 each
27
27

277

277

On 1 December 2018 there was an issue of 13 ordinary class D shares at par value. 
On 7 April 2021 there was an issue of 14 ordinary class D shares at par value. 



9.


Prior year adjustment

The comparative figures for share capital and other debtors have been restated to reflect an issue of share capital. There have been no changes to the profit or loss account as a result of the restatement.


10.


Related party transactions

During the year the director and his close family provided the company with finance on which interest of £2,500 (2022: £2,500) has been charged. At the reporting date £31,042 (2022: £31,042) was outstanding.
The company is exempt from disclosing other related party transactions as they are with companies that are wholly owed within the group.

 
Page 7