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REGISTERED NUMBER: 09088751 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tritec Building Contractors Ltd

Tritec Building Contractors Ltd (Registered number: 09088751)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tritec Building Contractors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr A Creak
Mr J Ward
Mr M Glazebrook





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh
Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 09088751 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Tritec Building Contractors Ltd (Registered number: 09088751)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,068,241 53,290
Investments 5 113,875 97,500
1,182,116 150,790

CURRENT ASSETS
Stocks 23,081 21,668
Debtors 6 691,572 756,417
Cash at bank 905,142 1,673,120
1,619,795 2,451,205
CREDITORS
Amounts falling due within one year 7 693,529 735,928
NET CURRENT ASSETS 926,266 1,715,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,108,382

1,866,067

CAPITAL AND RESERVES
Called up share capital 143 125
Share premium 40,620 40,620
Retained earnings 2,067,619 1,825,322
SHAREHOLDERS' FUNDS 2,108,382 1,866,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Tritec Building Contractors Ltd (Registered number: 09088751)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 18 July 2024 and were signed on its behalf by:




Mr M Glazebrook - Director Mr J Ward - Director




Mr A Creak - Director


Tritec Building Contractors Ltd (Registered number: 09088751)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Tritec Building Contractors Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

Taxation
Taxation for the year comprises current and deferred 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Tritec Building Contractors Ltd (Registered number: 09088751)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 - 48,022 1,095
Additions 819,286 162,786 2,348
At 31 March 2024 819,286 210,808 3,443
DEPRECIATION
At 1 April 2023 - 27,509 889
Charge for year - 45,825 639
At 31 March 2024 - 73,334 1,528
NET BOOK VALUE
At 31 March 2024 819,286 137,474 1,915
At 31 March 2023 - 20,513 206

Motor
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2023 39,745 11,234 100,096
Additions 104,049 9,468 1,097,937
At 31 March 2024 143,794 20,702 1,198,033
DEPRECIATION
At 1 April 2023 12,158 6,250 46,806
Charge for year 32,909 3,613 82,986
At 31 March 2024 45,067 9,863 129,792
NET BOOK VALUE
At 31 March 2024 98,727 10,839 1,068,241
At 31 March 2023 27,587 4,984 53,290

Tritec Building Contractors Ltd (Registered number: 09088751)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 97,500
Revaluations 16,375
At 31 March 2024 113,875
NET BOOK VALUE
At 31 March 2024 113,875
At 31 March 2023 97,500

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 113,875

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 570,089 667,837
Other debtors 2,803 2,803
Loan - 24,375
VAT 100,148 57,620
Prepayments and accrued income 18,532 3,782
691,572 756,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 359,956 298,688
Tax 153,885 252,923
Social security and other taxes 9,786 9,981
Pension 657 510
Other creditors 62,236 57,804
Warranty provision 100,234 109,247
Accrued expenses 6,775 6,775
693,529 735,928