Registered number
10706188
Tri-Oracle Ltd
Filleted Accounts
30 April 2023
Tri-Oracle Ltd
Registered number: 10706188
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 225 1,108
Current assets
Debtors 4 4,656 3,661
Cash at bank and in hand 150 1,544
4,806 5,205
Creditors: amounts falling due within one year 5 (11,611) (5,626)
Net current liabilities (6,805) (421)
Total assets less current liabilities (6,580) 687
Creditors: amounts falling due after more than one year 6 (13,669) (17,396)
Net liabilities (20,249) (16,709)
Capital and reserves
Called up share capital 1 1
Profit and loss account (20,250) (16,710)
Shareholder's funds (20,249) (16,709)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daniel Duckett
Director
Approved by the board on 19 January 2024
Tri-Oracle Ltd
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles over 3 years
Office Equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office Equipment Motor vehicles Total
£ £ £
Cost
At 1 May 2022 7,331 2,400 9,731
At 30 April 2023 7,331 2,400 9,731
Depreciation
At 1 May 2022 6,223 2,400 8,623
Charge for the year 883 - 883
At 30 April 2023 7,106 2,400 9,506
Net book value
At 30 April 2023 225 - 225
At 30 April 2022 1,108 - 1,108
4 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Daniel Duckett
Directors Loan Account 2,061 687 (576) 2,172
2,061 687 (576) 2,172
The loan is unsecured, interest-free and repayable on the company's demand.
8 Controlling party
The ultimate controlling party is that of the director who owns 100% of the share capital.
9 Other information
Tri-Oracle Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Armada Court
Grays
England
RM16 6QU
Tri-Oracle Ltd 10706188 false 2022-05-01 2023-04-30 2023-04-30 VT Final Accounts April 2022 Daniel Duckett No description of principal activity 10706188 2021-05-01 2022-04-30 10706188 core:WithinOneYear 2022-04-30 10706188 core:AfterOneYear 2022-04-30 10706188 core:ShareCapital 2022-04-30 10706188 core:RetainedEarningsAccumulatedLosses 2022-04-30 10706188 2022-05-01 2023-04-30 10706188 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10706188 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 10706188 bus:Director40 2022-05-01 2023-04-30 10706188 1 2022-05-01 2023-04-30 10706188 2 2022-05-01 2023-04-30 10706188 core:PlantMachinery 2022-05-01 2023-04-30 10706188 core:Vehicles 2022-05-01 2023-04-30 10706188 bus:Director1 2022-05-01 2023-04-30 10706188 bus:Director1 1 2022-05-01 2023-04-30 10706188 countries:England 2022-05-01 2023-04-30 10706188 bus:FRS102 2022-05-01 2023-04-30 10706188 bus:FullAccounts 2022-05-01 2023-04-30 10706188 2023-04-30 10706188 core:WithinOneYear 2023-04-30 10706188 core:AfterOneYear 2023-04-30 10706188 core:ShareCapital 2023-04-30 10706188 core:RetainedEarningsAccumulatedLosses 2023-04-30 10706188 core:PlantMachinery 2023-04-30 10706188 core:Vehicles 2023-04-30 10706188 bus:Director1 1 2023-04-30 10706188 2022-04-30 10706188 core:PlantMachinery 2022-04-30 10706188 core:Vehicles 2022-04-30 10706188 bus:Director1 1 2022-04-30 iso4217:GBP xbrli:pure