TRI Industrial Services Ltd 06878552 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is selling, manufacturing, hiring and repair of lifting equipment Digita Accounts Production Advanced 6.30.9574.0 true 06878552 2022-04-01 2023-03-31 06878552 2023-03-31 06878552 bus:OrdinaryShareClass1 2023-03-31 06878552 core:CapitalRedemptionReserve 2023-03-31 06878552 core:RetainedEarningsAccumulatedLosses 2023-03-31 06878552 core:ShareCapital 2023-03-31 06878552 core:CurrentFinancialInstruments 2023-03-31 06878552 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06878552 core:Non-currentFinancialInstruments 2023-03-31 06878552 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 06878552 core:MotorVehicles 2023-03-31 06878552 core:OtherPropertyPlantEquipment 2023-03-31 06878552 bus:SmallEntities 2022-04-01 2023-03-31 06878552 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06878552 bus:FullAccounts 2022-04-01 2023-03-31 06878552 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06878552 bus:RegisteredOffice 2022-04-01 2023-03-31 06878552 bus:Director3 2022-04-01 2023-03-31 06878552 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06878552 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06878552 core:CapitalRedemptionReserve 2022-04-01 2023-03-31 06878552 core:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 06878552 core:ShareCapital 2022-04-01 2023-03-31 06878552 core:MotorVehicles 2022-04-01 2023-03-31 06878552 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06878552 core:PlantMachinery 2022-04-01 2023-03-31 06878552 countries:England 2022-04-01 2023-03-31 06878552 2022-03-31 06878552 core:CapitalRedemptionReserve 2022-03-31 06878552 core:RetainedEarningsAccumulatedLosses 2022-03-31 06878552 core:ShareCapital 2022-03-31 06878552 core:MotorVehicles 2022-03-31 06878552 core:OtherPropertyPlantEquipment 2022-03-31 06878552 2021-04-01 2022-03-31 06878552 2022-03-31 06878552 bus:OrdinaryShareClass1 2022-03-31 06878552 core:CapitalRedemptionReserve 2022-03-31 06878552 core:RetainedEarningsAccumulatedLosses 2022-03-31 06878552 core:ShareCapital 2022-03-31 06878552 core:CurrentFinancialInstruments 2022-03-31 06878552 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 06878552 core:Non-currentFinancialInstruments 2022-03-31 06878552 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 06878552 core:MotorVehicles 2022-03-31 06878552 core:OtherPropertyPlantEquipment 2022-03-31 06878552 core:CapitalRedemptionReserve 2021-04-01 2022-03-31 06878552 core:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 06878552 core:ShareCapital 2021-04-01 2022-03-31 06878552 2021-03-31 06878552 core:CapitalRedemptionReserve 2021-03-31 06878552 core:RetainedEarningsAccumulatedLosses 2021-03-31 06878552 core:ShareCapital 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06878552

TRI Industrial Services Ltd

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2023

 

TRI Industrial Services Ltd

(Registration number: 06878552)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

49,677

17,702

Current assets

 

Stocks

500

500

Debtors

5

177,370

152,310

Cash at bank and in hand

 

73,437

37,549

 

251,307

190,359

Creditors: Amounts falling due within one year

6

(112,839)

(91,247)

Net current assets

 

138,468

99,112

Total assets less current liabilities

 

188,145

116,814

Creditors: Amounts falling due after more than one year

6

(22,848)

(32,550)

Provisions for liabilities

(9,439)

(3,363)

Net assets

 

155,858

80,901

Capital and reserves

 

Called up share capital

8

66

66

Capital redemption reserve

33

33

Retained earnings

155,759

80,802

Shareholders' funds

 

155,858

80,901

 

TRI Industrial Services Ltd

(Registration number: 06878552)
Balance Sheet as at 31 March 2023

For the financial year ending 31 March 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 accounts 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 accounts.

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 Profit and Loss Account.

Approved and authorised by the Board on 30 November 2023 and signed on its behalf by:
 


Mr M R Thornley
Director

   
 

TRI Industrial Services Ltd

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Capital redemption reserve
£

Retained earnings
£

Total
£

At 1 April 2022

66

33

80,802

80,901

Profit for the year

-

-

125,777

125,777

Dividends

-

-

(50,820)

(50,820)

At 31 March 2023

66

33

155,759

155,858

Share capital
£

Capital redemption reserve
£

Retained earnings
£

Total
£

At 1 April 2021

66

33

93,961

94,060

Profit for the year

-

-

46,841

46,841

Dividends

-

-

(60,000)

(60,000)

At 31 March 2022

66

33

80,802

80,901

 

TRI Industrial Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

1

General information

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

The address of its registered office is:
50-54 Oswald Road
Scunthorpe
North Lincolnshire
DN15 7PQ

Registration number: 06878552

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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 taxable income.

 

TRI Industrial Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% per annum on written down value

Plant and machinery

20% per annum on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

 

TRI Industrial Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

Borrowings

Interest-bearing borrowings are carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 7 (2022 - 6).

 

TRI Industrial Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 April 2022

41,730

36,996

78,726

Additions

35,519

1,700

37,219

At 31 March 2023

77,249

38,696

115,945

Depreciation

At 1 April 2022

28,738

32,286

61,024

Charge for the year

4,078

1,166

5,244

At 31 March 2023

32,816

33,452

66,268

Carrying amount

At 31 March 2023

44,433

5,244

49,677

At 31 March 2022

12,992

4,710

17,702

5

Debtors

2023
£

2022
£

Trade debtors

164,805

144,895

Other debtors

6,882

2,778

Social security and other taxes

5,683

4,637

177,370

152,310

 

TRI Industrial Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

9,500

9,500

Trade creditors

 

58,680

35,154

Social security and other taxes

 

23,070

12,510

Other creditors

 

21,589

34,083

 

112,839

91,247

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

22,848

32,550

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

9,500

9,500

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

22,848

32,550

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

66

66

66

66