Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr C Murless 17/09/2021 Mr T G Murless 15/01/2001 01 August 2024 The principal activity of the Company during the financial year was that of electrical contractors. 04141045 2024-03-31 04141045 bus:Director1 2024-03-31 04141045 bus:Director2 2024-03-31 04141045 2023-03-31 04141045 core:CurrentFinancialInstruments 2024-03-31 04141045 core:CurrentFinancialInstruments 2023-03-31 04141045 core:Non-currentFinancialInstruments 2024-03-31 04141045 core:Non-currentFinancialInstruments 2023-03-31 04141045 core:ShareCapital 2024-03-31 04141045 core:ShareCapital 2023-03-31 04141045 core:CapitalRedemptionReserve 2024-03-31 04141045 core:CapitalRedemptionReserve 2023-03-31 04141045 core:RetainedEarningsAccumulatedLosses 2024-03-31 04141045 core:RetainedEarningsAccumulatedLosses 2023-03-31 04141045 core:PlantMachinery 2023-03-31 04141045 core:Vehicles 2023-03-31 04141045 core:OfficeEquipment 2023-03-31 04141045 core:PlantMachinery 2024-03-31 04141045 core:Vehicles 2024-03-31 04141045 core:OfficeEquipment 2024-03-31 04141045 2023-04-01 2024-03-31 04141045 bus:FilletedAccounts 2023-04-01 2024-03-31 04141045 bus:SmallEntities 2023-04-01 2024-03-31 04141045 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04141045 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04141045 bus:Director1 2023-04-01 2024-03-31 04141045 bus:Director2 2023-04-01 2024-03-31 04141045 core:PlantMachinery 2023-04-01 2024-03-31 04141045 core:Vehicles 2023-04-01 2024-03-31 04141045 core:OfficeEquipment 2023-04-01 2024-03-31 04141045 2022-04-01 2023-03-31 04141045 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 04141045 (England and Wales)

TRISTAN G MURLESS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

TRISTAN G MURLESS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

TRISTAN G MURLESS LIMITED

BALANCE SHEET

As at 31 March 2024
TRISTAN G MURLESS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 86,466 51,406
86,466 51,406
Current assets
Stocks 4 4,500 4,500
Debtors 5 125,839 178,283
Cash at bank and in hand 49,563 43,504
179,902 226,287
Creditors: amounts falling due within one year 6 ( 108,579) ( 102,163)
Net current assets 71,323 124,124
Total assets less current liabilities 157,789 175,530
Creditors: amounts falling due after more than one year 7 ( 28,898) ( 25,280)
Provision for liabilities ( 21,616) ( 14,553)
Net assets 107,275 135,697
Capital and reserves
Called-up share capital 100 100
Capital redemption reserve 104 104
Profit and loss account 107,071 135,493
Total shareholders' funds 107,275 135,697

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Tristan G Murless Limited (registered number: 04141045) were approved and authorised for issue by the Board of Directors on 01 August 2024. They were signed on its behalf by:

Mr T G Murless
Director
TRISTAN G MURLESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
TRISTAN G MURLESS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tristan G Murless Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Office equipment 20 % reducing balance
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 12 12

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2023 11,213 146,532 20,479 178,224
Additions 0 49,455 0 49,455
At 31 March 2024 11,213 195,987 20,479 227,679
Accumulated depreciation
At 01 April 2023 6,644 103,517 16,657 126,818
Charge for the financial year 914 12,717 764 14,395
At 31 March 2024 7,558 116,234 17,421 141,213
Net book value
At 31 March 2024 3,655 79,753 3,058 86,466
At 31 March 2023 4,569 43,015 3,822 51,406

4. Stocks

2024 2023
£ £
Stocks 1,500 1,500
Work in progress 3,000 3,000
4,500 4,500

5. Debtors

2024 2023
£ £
Trade debtors 75,374 135,862
Corporation tax 3,039 0
Other debtors 47,426 42,421
125,839 178,283

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 12,991 10,322
Trade creditors 17,422 25,550
Taxation and social security 21,937 45,296
Obligations under finance leases and hire purchase contracts 18,417 3,000
Other creditors 37,812 17,995
108,579 102,163

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 13,231 13,280
Obligations under finance leases and hire purchase contracts 15,667 12,000
28,898 25,280

Hire purchases included in the above are secured against the asset to which they relate to.

8. Related party transactions

At 1 April 2023, the balance owed by Mr T G Murless was £41,703. During the year, £65,691 was advanced and £60,867 was repaid by the Director. At 31 March 2023, the balance owed by the Director was £46,527.

At 1 April 2022, the balance owed by Mr T G Murless was £49,707. During the year, £49,735 was advanced and £57,739 was repaid by the Director. At 31 March 2023, the balance owed by the Director was £41,703.