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Registration number: 09495792

Triyanya Global Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Triyanya Global Consultants Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Triyanya Global Consultants Limited

Company Information

Directors

Mr Robert Balloch

Mrs Gillian Balloch

Registered office

8th Floor
1 Southampton Street
London
WC2R 0LR

Accountants

Charter Tax Consulting Limited
8th Floor
1 Southampton Street
London
WC2R 0LR

 

Triyanya Global Consultants Limited

(Registration number: 09495792)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

14,782

120,258

Investments

7

2,637

2,554

 

17,419

122,812

Current assets

 

Debtors

8

38,653

61,541

Cash at bank and in hand

 

2,570

1,199

 

41,223

62,740

Creditors: Amounts falling due within one year

9

(63,994)

(37,801)

Net current (liabilities)/assets

 

(22,771)

24,939

Total assets less current liabilities

 

(5,352)

147,751

Creditors: Amounts falling due after more than one year

9

(11,637)

(128,717)

Net (liabilities)/assets

 

(16,989)

19,034

Capital and reserves

 

Called up share capital

10

100

100

Retained earnings

(17,089)

18,934

Shareholders' (deficit)/funds

 

(16,989)

19,034

 

Triyanya Global Consultants Limited

(Registration number: 09495792)
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 23 February 2023 and signed on its behalf by:
 


Mr Robert Balloch
Director

 

Triyanya Global Consultants Limited

Notes to the Unaudited 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 and Wales.

The address of its registered office is:
8th Floor
1 Southampton Street
London
WC2R 0LR

The principal place of business is:
22 John Clare Close
Brackley
Northamptonshire
NN13 5GG

These financial statements were authorised for issue by the Board on 23 February 2023.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

 

Triyanya Global Consultants Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates. Foreign currency differences arising on retranslation are recognised in profit or loss.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current 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 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 taxable income.

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, other than land and properties under construction over their estimated useful lives, as follows:

The depreciation for Motor Vehicles in the prior year was calculated on a 33% reducing balance policy, this has amended in the current year to a 25% straight line policy. This gives more accurate reflection of current markets.

Asset class

Depreciation method and rate

Computer Equipment

33% Straight Line

Furniture and Fixtures

25% Reducing Balance

Office Equipment

25% Reducing Balance

Motor Vehicles

20% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Triyanya Global Consultants Limited

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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 services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, 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.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently 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.

 

Triyanya Global Consultants Limited

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

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Financial instruments

Classification
Investments compromise investments in unquoted shares.

 Recognition and measurement
The unquoted shares are measured at historic cost less impairment.

 Impairment
The directors have considered that the cost is not less than the current value and therefore consider that no impairment adjustment is required.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Triyanya Global Consultants Limited

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

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

27,260

39,928

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

3,049

169,475

34,681

207,205

Additions

808

-

5,456

6,264

Disposals

-

(169,475)

-

(169,475)

At 31 March 2023

3,857

-

40,137

43,994

Depreciation

At 1 April 2022

1,312

62,675

22,960

86,947

Charge for the year

569

22,320

4,371

27,260

Eliminated on disposal

-

(84,995)

-

(84,995)

At 31 March 2023

1,881

-

27,331

29,212

Carrying amount

At 31 March 2023

1,976

-

12,806

14,782

At 31 March 2022

1,737

106,800

11,721

120,258

6

Obligations under leases and hire purchase contracts

Finance leases

Included within the net book value of tangible fixed assets is £Nil (2022- 90,729) in respect of assets held under finance leases and similar hire purchase contracts. These assets were disposed of during the year. Deprecation for the year on these assets was £22,320 (2022 - £44,687).

The total of future minimum lease payments is as follows:

2023
£

2022
£

Not later than one year

-

18,604

Later than one year and not later than five years

-

112,116

-

130,720

 

Triyanya Global Consultants Limited

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

7

Investments

2023
£

2022
£

Other investments

2,637

2,554

8

Debtors

Current

2023
£

2022
£

Trade debtors

34,938

21,645

Prepayments

750

6,737

Other debtors

2,965

33,159

 

38,653

61,541

 

Triyanya Global Consultants Limited

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

9

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

11

4,965

23,446

Trade creditors

 

12,803

3,403

Taxation and social security

 

32,227

679

Accruals and deferred income

 

3,335

3,730

Other creditors

 

10,664

6,543

 

63,994

37,801

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

11

11,637

128,717

10

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         
 

Triyanya Global Consultants Limited

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

11

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

11,637

16,602

Finance lease liabilities

-

112,115

11,637

128,717

2023
£

2022
£

Current loans and borrowings

Finance lease liabilities

-

18,603

Other borrowings

4,965

4,843

4,965

23,446

 

Triyanya Global Consultants Limited

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

12

Related party transactions

Transactions with directors

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr Robert Balloch

Loan

12,529

22,700

(42,045)

(6,816)

         
       

Mrs Gillian Balloch

Loan

6,261

-

(6,261)

-

         
       

 

2022

At 1 April 2021
£

Advances to director
£

Repayments by director
£

At 31 March 2022
£

Mr Robert Balloch

Loan

18,318

3,232

(9,021)

12,529

         
       

Mrs Gillian Balloch

Loan

6,261

-

-

6,261

         
       

 

Directors' remuneration

The directors' remuneration for the year was £85,388 (2022- £52,048).

 

Dividends paid to directors

   

2023
£

 

2022
£

Mr Robert Balloch

       

Dividends paid

 

21,000

 

42,000

         

Mrs Gillian Balloch

       

Dividends paid

 

21,000

 

42,000