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REGISTERED NUMBER: 04062248 (England and Wales)















Trident Plumbing, Heating and
Electrical Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023






Trident Plumbing, Heating and
Electrical Limited (Registered number: 04062248)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trident Plumbing, Heating and
Electrical Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr R J Bull
Mr A D Kent
Mr L P J Sleeman
Mr S Norris





REGISTERED OFFICE: Unit B2
Church View Business Park
Bickland Water Road
Falmouth
TR11 4FZ





REGISTERED NUMBER: 04062248 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Lakeside Offices
The Old Cattle Market
Coronation Park
Helston
Cornwall
TR13 0SR

Trident Plumbing, Heating and
Electrical Limited (Registered number: 04062248)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 51,575 75,762
51,575 75,762

CURRENT ASSETS
Stocks 39,945 31,723
Debtors 6 345,367 387,717
Cash at bank and in hand 32,723 369
418,035 419,809
CREDITORS
Amounts falling due within one year 7 274,419 268,564
NET CURRENT ASSETS 143,616 151,245
TOTAL ASSETS LESS CURRENT LIABILITIES 195,191 227,007

CREDITORS
Amounts falling due after more than one
year

8

(53,495

)

(96,466

)

PROVISIONS FOR LIABILITIES (11,750 ) (12,505 )
NET ASSETS 129,946 118,036

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium 19,960 19,960
Retained earnings 109,836 97,926
129,946 118,036

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

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

Trident Plumbing, Heating and
Electrical Limited (Registered number: 04062248)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:




Mr R J Bull - Director Mr A D Kent - Director




Mr L P J Sleeman - Director Mr S Norris - Director


Trident Plumbing, Heating and
Electrical Limited (Registered number: 04062248)

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

1. STATUTORY INFORMATION

Trident Plumbing, Heating and Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from the sale of goods is recognised at the point of delivery to the customer.

Revenue in respect of services is recognised as the services are performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty 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
Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.

Plant and machinery- 10% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment- 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Trident Plumbing, Heating and
Electrical Limited (Registered number: 04062248)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Assets acquired under finance leases or hire purchase agreements are capitalised and depreciated in the same manner as owned assets. The lease obligation is recognised as a creditor, with lease payments apportioned between interest charged to the profit and loss over the term of the lease using the effective interest method, and the capital element reducing the amount payable to the lessor.

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.

Financial instruments
The company only has financial assets and financial liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2022 - 32 ) .

Trident Plumbing, Heating and
Electrical Limited (Registered number: 04062248)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 September 2022
and 31 August 2023 5,000
AMORTISATION
At 1 September 2022
and 31 August 2023 5,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 September 2022 10,622 2,455 240,478 10,786 264,341
Disposals - - (31,000 ) - (31,000 )
At 31 August 2023 10,622 2,455 209,478 10,786 233,341
DEPRECIATION
At 1 September 2022 8,838 1,785 169,762 8,194 188,579
Charge for year 179 168 15,841 648 16,836
Eliminated on disposal - - (23,649 ) - (23,649 )
At 31 August 2023 9,017 1,953 161,954 8,842 181,766
NET BOOK VALUE
At 31 August 2023 1,605 502 47,524 1,944 51,575
At 31 August 2022 1,784 670 70,716 2,592 75,762

Trident Plumbing, Heating and
Electrical Limited (Registered number: 04062248)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 September 2022
and 31 August 2023 146,073
DEPRECIATION
At 1 September 2022 88,539
Charge for year 14,383
At 31 August 2023 102,922
NET BOOK VALUE
At 31 August 2023 43,151
At 31 August 2022 57,534

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 139,318 163,301
Amounts owed by group undertakings 206,049 224,416
345,367 387,717

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 26,387 39,990
Hire purchase contracts 16,000 29,777
Trade creditors 127,035 155,562
Amounts owed to group undertakings 7,432 4,703
Taxation and social security 62,731 (1,597 )
Other creditors 34,834 40,129
274,419 268,564

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 42,000 66,000
Hire purchase contracts 11,495 30,466
53,495 96,466

Trident Plumbing, Heating and
Electrical Limited (Registered number: 04062248)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 27,495 60,243

The debts are secured against motor vehicles with a carrying value of £43,151 (2022: £60,243).

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The pension contributions during the year amounted to £11,757 (2022: £11,085). The contributions outstanding at the balance sheet date are £4,647 (2022: £2,094).