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REGISTERED NUMBER: 03693573 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Tripleshield Property Maintenance
Limited

Tripleshield Property Maintenance
Limited (Registered number: 03693573)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Tripleshield Property Maintenance
Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Miss J Smith
T R Thompson
C Martin





REGISTERED OFFICE: 6 Arcot Court
Nelson Road
Nelson Park West
Cramlington
Northumberland
NE23 1BB





REGISTERED NUMBER: 03693573 (England and Wales)

Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 52,833 63,579

CURRENT ASSETS
Stocks 36,798 25,736
Debtors 6 1,105,719 1,081,054
Cash at bank 143,932 238,475
1,286,449 1,345,265
CREDITORS
Amounts falling due within one year 7 354,835 370,780
NET CURRENT ASSETS 931,614 974,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

984,447

1,038,064

CREDITORS
Amounts falling due after more than
one year

8

132,503

250,837
NET ASSETS 851,944 787,227

CAPITAL AND RESERVES
Called up share capital 24 24
Share premium 69,976 69,976
Capital redemption reserve 76 76
Retained earnings 781,868 717,151
SHAREHOLDERS' FUNDS 851,944 787,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Balance Sheet - continued
28 February 2023


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 23 November 2023 and were signed on its behalf by:




T Thompson - Director Ms J Smith - Director




C Martin - Director


Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Tripleshield Property maintenance Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03693573 and registered office address is 6 Arcot Court, Nelson Road, Nelson Park West, Cramlington, Northumberland, NE23 1BB.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functioning currency of the company. monetary amounts in these financial statements are rounded to the nearest £.

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.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost

Tangible assets are initially measured at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Work in progress
Work in progress is valued at cost, including materials, labour and subcontractor costs.

.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of the liabilities.

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.

Operating leases
Lease payments are recognised as an expense over the lease term on straight line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term on a straight line basis.

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.

Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

5. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 31,345 38,977 38,720 109,042
DEPRECIATION
At 1 March 2022 - 35,783 9,680 45,463
Charge for year - 1,066 9,680 10,746
At 28 February 2023 - 36,849 19,360 56,209
NET BOOK VALUE
At 28 February 2023 31,345 2,128 19,360 52,833
At 28 February 2022 31,345 3,194 29,040 63,579

6. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Trade debtors 405,817 378,803
Other debtors 977 3,326
406,794 382,129

Amounts falling due after more than one year:
Other debtors 698,925 698,925

Aggregate amounts 1,105,719 1,081,054

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 9,997 9,997
Trade creditors 122,581 116,284
Taxation and social security 112,759 114,993
Other creditors 109,498 129,506
354,835 370,780

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 24,170 34,170
Creditors > 1 year 108,333 216,667
132,503 250,837

Tripleshield Property Maintenance
Limited (Registered number: 03693573)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28.2.23 28.2.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,170 34,170

9. OTHER FINANCIAL COMMITMENTS

A lease was entered into 17 August 2018 for a period of five years. The commitment from this date was £150,000. The balance of the commitment outstanding at 28 February 2023 is £13,790.32.



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