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REGISTERED NUMBER: 04571896 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Triangle Interiors Limited

Triangle Interiors Limited (Registered number: 04571896)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Triangle Interiors Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P A C Smith





REGISTERED OFFICE: 7 Merlin Centre
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP





REGISTERED NUMBER: 04571896 (England and Wales)





ACCOUNTANTS: Danton Partners
7 Merlin Courtyard
Gatehouse Close
Aylesbury
Buckinghamshire
HP19 8DP

Triangle Interiors Limited (Registered number: 04571896)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41 55
41 55

CURRENT ASSETS
Debtors 6 65,436 21,943
Cash at bank 157,143 91,515
222,579 113,458
CREDITORS
Amounts falling due within one year 7 107,471 56,483
NET CURRENT ASSETS 115,108 56,975
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,149

57,030

CREDITORS
Amounts falling due after more than one
year

8

14,149

22,012
NET ASSETS 101,000 35,018

CAPITAL AND RESERVES
Called up share capital 11 10 10
Retained earnings 12 100,990 35,008
SHAREHOLDERS' FUNDS 101,000 35,018

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Triangle Interiors Limited (Registered number: 04571896)

Balance Sheet - continued
31 October 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 director and authorised for issue on 31 July 2024 and were signed by:





P A C Smith - Director


Triangle Interiors Limited (Registered number: 04571896)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Triangle Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents sales of goods and services during the year, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in November 2006, was amortised evenly over its estimated useful life of 4 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Government grants
Grants of a revenue nature are recognised in "other income" within profit or loss in the same period as the related expenditure.
This includes the Government Coronavirus Job Retention Scheme ('Furlough'). The company also benefits from other forms of COVID19 business support assistance.

Taxation
Taxation for the year comprises current 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 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.

Pension costs and other post-retirement benefits
The company contributes defined contributions to a money purchase pension scheme for the benefit of the director. A defined contribution scheme is a pension plan under which the company pays contributions to an independent pension provider and has no further payment obligations. Contributions payable by the company are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Triangle Interiors Limited (Registered number: 04571896)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 2,367
AMORTISATION
At 1 November 2022
and 31 October 2023 2,367
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 774
DEPRECIATION
At 1 November 2022 719
Charge for year 14
At 31 October 2023 733
NET BOOK VALUE
At 31 October 2023 41
At 31 October 2022 55

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 65,365 21,873
Other debtors 71 70
65,436 21,943

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 9) 8,519 8,519
Trade creditors 49,179 36,290
Taxation and social security 45,828 7,205
Other creditors 3,945 4,469
107,471 56,483

Triangle Interiors Limited (Registered number: 04571896)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 9) 14,149 22,012

9. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank Bounce Back loan 8,519 8,519

Amounts falling due between one and two years:
Bank BB loans - 1-2 years 8,519 8,519

Amounts falling due between two and five years:
Bank BB loans - 2-5 years 5,630 13,493

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 22,668 30,531

The company borrowed £20,000 under the Bounce Back Loan Scheme in July 2020 and a further £20,000 in December 2020.

HM Government covered any interest payable in the first 12 months through a Business Interruption Payment to the lender, and lenders benefit from a 100% government-backed guarantee.

The government has set the interest rate for this loan at 2.5% per annum and the repayment term is fixed at six years. No repayments were due during the first 12 months. The company remains 100% liable to repay the full loan amount, as well as interest, after the first year.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
10 Ordinary £1 10 10

Triangle Interiors Limited (Registered number: 04571896)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

12. RESERVES
Retained
earnings
£   

At 1 November 2022 35,008
Profit for the year 97,457
Dividends (31,475 )
At 31 October 2023 100,990

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Creditors includes £3,845 due to the director (2022 - £4,369). The loan, which was in credit throughout the year, is repayable on demand. No interest was charged for the year (2022 - none).

14. ULTIMATE CONTROLLING PARTY

The Company was controlled during the current and previous period by P A C Smith by virtue of the fact that he owned 100% of the ordinary share capital of the Company.