2022-11-012023-10-312023-10-31false07489144Trinity L & P 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Trinity L & P Ltd

Registered Number
07489144
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

Trinity L & P Ltd
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

Lalitha Sri Kodati
Praveen Palle

Company Secretary

SRI KODATI, Lalitha

Registered Address

78 High Road
London
NW10 2PX

Registered Number

07489144 (England and Wales)
Trinity L & P Ltd
Statement of Financial Position
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets355,00055,000
Tangible assets417,48623,314
72,48678,314
Current assets
Stocks596,26098,040
Debtors19,76421,194
Cash at bank and on hand2836
116,052119,270
Creditors amounts falling due within one year6(99,070)(95,198)
Net current assets (liabilities)16,98224,072
Total assets less current liabilities89,468102,386
Creditors amounts falling due after one year7(87,578)(101,782)
Net assets1,890604
Capital and reserves
Called up share capital22
Profit and loss account1,888602
Shareholders' funds1,890604
The financial statements were approved and authorised for issue by the Board of Directors on 24 April 2024, and are signed on its behalf by:
Lalitha Sri Kodati
Director
Praveen Palle
Director

Registered Company No. 07489144
Trinity L & P Ltd
Notes to the Financial Statements
for the year ended 31 October 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible fixed assets (including purchase goodwill and patents) are included in the cost.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
Office Equipment25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year1927
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 November 2255,00055,000
At 31 October 2355,00055,000
Net book value
At 31 October 2355,00055,000
At 31 October 2255,00055,000
4.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 November 2239,78329,22969,012
At 31 October 2339,78329,22969,012
Depreciation and impairment
At 01 November 2223,00022,69845,698
Charge for year4,1961,6325,828
At 31 October 2327,19624,33051,526
Net book value
At 31 October 2312,5874,89917,486
At 31 October 2216,7836,53123,314
5.Stocks

2023

2022

££
Finished goods96,26098,040
Total96,26098,040
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables29,40528,906
Bank borrowings and overdrafts24,57022,042
Taxation and social security23,32122,925
Other creditors21,77421,325
Total99,07095,198
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts87,578101,782
Total87,578101,782