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REGISTERED NUMBER: 10916985 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2022

FOR

TRICAS FLOORING LIMITED

TRICAS FLOORING LIMITED (REGISTERED NUMBER: 10916985)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


TRICAS FLOORING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







Directors: C J Gibbs
A J Howard
S D Wilkes
C S Hall





Registered office: 1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF





Registered number: 10916985 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

TRICAS FLOORING LIMITED (REGISTERED NUMBER: 10916985)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,224 6,362

CURRENT ASSETS
Stocks 20,413 8,940
Debtors 5 491,755 303,121
Cash at bank 46,968 35,551
559,136 347,612
CREDITORS
Amounts falling due within one year 6 339,897 189,539
NET CURRENT ASSETS 219,239 158,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,463

164,435

CREDITORS
Amounts falling due after more than one
year

7

(40,491

)

(40,000

)

PROVISIONS FOR LIABILITIES (993 ) (1,209 )
NET ASSETS 182,979 123,226

CAPITAL AND RESERVES
Called up share capital 164 205
Retained earnings 182,815 123,021
182,979 123,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TRICAS FLOORING LIMITED (REGISTERED NUMBER: 10916985)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





C J Gibbs - Director


TRICAS FLOORING LIMITED (REGISTERED NUMBER: 10916985)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Tricas Flooring Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

TRICAS FLOORING LIMITED (REGISTERED NUMBER: 10916985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2022 487 18,690 1,851 21,028
Additions 874 - - 874
At 31 December 2022 1,361 18,690 1,851 21,902
Depreciation
At 1 January 2022 135 13,269 1,262 14,666
Charge for year 129 1,355 528 2,012
At 31 December 2022 264 14,624 1,790 16,678
Net book value
At 31 December 2022 1,097 4,066 61 5,224
At 31 December 2021 352 5,421 589 6,362

TRICAS FLOORING LIMITED (REGISTERED NUMBER: 10916985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
Cost
At 1 January 2022 18,690
Transfer to ownership (18,690 )
At 31 December 2022 -
Depreciation
At 1 January 2022 13,269
Transfer to ownership (13,269 )
At 31 December 2022 -
Net book value
At 31 December 2022 -
At 31 December 2021 5,421

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 438,099 270,857
Other debtors 53,656 32,264
491,755 303,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 38,198 10,000
Trade creditors 130,375 85,710
Taxation and social security 100,742 76,889
Other creditors 70,582 16,940
339,897 189,539

TRICAS FLOORING LIMITED (REGISTERED NUMBER: 10916985)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 40,491 40,000