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REGISTERED NUMBER: 07330638 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

TRIK ENGINEERING LTD

TRIK ENGINEERING LTD (REGISTERED NUMBER: 07330638)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

TRIK ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: T S Chohan
Mrs P K Chohan





REGISTERED OFFICE: Stratton
Hollybush Hill
Stoke Poges
Buckinghamshire
SL2 4PX





REGISTERED NUMBER: 07330638 (England and Wales)





ACCOUNTANTS: Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ

TRIK ENGINEERING LTD (REGISTERED NUMBER: 07330638)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,384 5,815

CURRENT ASSETS
Debtors 5 54,550 25,555
Cash at bank 100,988 100,489
155,538 126,044
CREDITORS
Amounts falling due within one year 6 26,634 16,991
NET CURRENT ASSETS 128,904 109,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,288

114,868

PROVISIONS FOR LIABILITIES 7 1,596 1,105
NET ASSETS 133,692 113,763

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 132,692 112,763
SHAREHOLDERS' FUNDS 133,692 113,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

TRIK ENGINEERING LTD (REGISTERED NUMBER: 07330638)

BALANCE SHEET - continued
31 JULY 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 18 March 2024 and were signed on its behalf by:




T S Chohan - Director



Mrs P K Chohan - Director


TRIK ENGINEERING LTD (REGISTERED NUMBER: 07330638)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

TRIK Engineering Ltd is a private company,limited by shares, registered in England and Wales.The company 's registered number is 07330638 and registered office address is Stratton, Hollybush Hill, Stoke Poges, Buckinghamshire, SL2 4PX.

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 and 15% on reducing balance

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.

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.

Revenue recognition
Amounts due under contracts-not yet invoiced (work in progress) are valued at the recoverable standard value of time charged by all personnel engaged in the provision of services. Revenue is recognised as the contracts progress to reflect the company's partial performance of the contractual obligation. The amount of revenue recognised reflects the accrual of the right for consideration as contract activity progresses by reference to the value of work performed.

TRIK ENGINEERING LTD (REGISTERED NUMBER: 07330638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflict in Ukraine and the current high level of inflation and high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 16,155
Additions 2,367
At 31 July 2023 18,522
DEPRECIATION
At 1 August 2022 10,340
Charge for year 1,798
At 31 July 2023 12,138
NET BOOK VALUE
At 31 July 2023 6,384
At 31 July 2022 5,815

5. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 2,100 2,970
Amounts recoverable on contract 2,450 2,585
4,550 5,555

Amounts falling due after more than one year:
Investment in loan notes 50,000 20,000

Aggregate amounts 54,550 25,555

TRIK ENGINEERING LTD (REGISTERED NUMBER: 07330638)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors (1 ) (1 )
Tax 5,368 1,765
Social security and other taxes 822 744
VAT 6,363 5,955
Directors' current accounts 14,082 8,528
26,634 16,991

7. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax
Accelerated capital allowances 1,596 1,105

Deferred
tax
£   
Balance at 1 August 2022 1,105
Charged to Profit & Loss Ac 491
Balance at 31 July 2023 1,596

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 August 2022 112,763
Profit for the year 23,229
Dividends (3,300 )
At 31 July 2023 132,692

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £3,300 (2022 - £3,000) were paid to the directors .

11. INVESTMENT IN LOAN NOTES

The total balance of £50,000 (2022: £20,000) in debtors more than one year is Loan Note investment for a term of 24 months. The total interest payment is 20%, this will be payable at rate of 5% biannually. The investment start date is 29th November 2021and is due to mature on 29th November 2023.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TRIK ENGINEERING LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of TRIK Engineering Ltd for the year ended 31 July 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of TRIK Engineering Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of TRIK Engineering Ltd and state those matters that we have agreed to state to the Board of Directors of TRIK Engineering Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than TRIK Engineering Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that TRIK Engineering Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of TRIK Engineering Ltd. You consider that TRIK Engineering Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of TRIK Engineering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chris Skarparis & Co Ltd
Chartered Accountants
2nd Floor
10(b) Aldermans Hill
Palmers Green
London
N13 4PJ


18 March 2024