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REGISTERED NUMBER: SC361026 (Scotland)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Triscom Enterprises Limited

Triscom Enterprises Limited (Registered number: SC361026)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Triscom Enterprises Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: T J R Thorne
Mrs S V Thorne





SECRETARY: T J R Thorne





REGISTERED OFFICE: Nearhouse
Sanday
Orkney
KW17 2BW





REGISTERED NUMBER: SC361026 (Scotland)





ACCOUNTANTS: Orcadia
Chartered Accountants
1 - 3 East Road
Kirkwall
Orkney
KW15 1HZ

Triscom Enterprises Limited (Registered number: SC361026)

Statement of Financial Position
30 June 2023

2022 2023
£    £    Notes £    £   
FIXED ASSETS
34,019 Tangible assets 4 42,336

CURRENT ASSETS
800 Stocks 1,098
54,321 Debtors 5 6,471
232,271 Cash at bank 255,797
287,392 263,366
CREDITORS
237,738 Amounts falling due within one year 6 234,014
49,654 NET CURRENT ASSETS 29,352
83,673 TOTAL ASSETS LESS CURRENT
LIABILITIES

71,688

8,500 PROVISIONS FOR LIABILITIES 8,464
75,173 NET ASSETS 63,224

CAPITAL AND RESERVES
1,000 Called up share capital 1,000
74,173 Retained earnings 62,224
75,173 SHAREHOLDERS' FUNDS 63,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Triscom Enterprises Limited (Registered number: SC361026)

Statement of Financial Position - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2024 and were signed on its behalf by:





T J R Thorne - Director


Triscom Enterprises Limited (Registered number: SC361026)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Triscom Enterprises Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Triscom Enterprises Limited (Registered number: SC361026)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 168,798
Additions 18,173
At 30 June 2023 186,971
DEPRECIATION
At 1 July 2022 134,779
Charge for year 9,856
At 30 June 2023 144,635
NET BOOK VALUE
At 30 June 2023 42,336
At 30 June 2022 34,019

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,991 29,587
Other debtors 1,480 24,734
6,471 54,321

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,241 5,087
Taxation and social security 1,300 19,969
Other creditors 220,473 212,682
234,014 237,738

7. RELATED PARTY TRANSACTIONS

During the year, total dividends of £30,000 (2022: £30,000) were paid to T J R Thorne.