Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3012022-12-01false1falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08115775 2022-12-01 2023-11-30 08115775 2021-12-01 2022-11-30 08115775 2023-11-30 08115775 2022-11-30 08115775 c:Director1 2022-12-01 2023-11-30 08115775 d:PlantMachinery 2022-12-01 2023-11-30 08115775 d:PlantMachinery 2023-11-30 08115775 d:PlantMachinery 2022-11-30 08115775 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08115775 d:MotorVehicles 2022-12-01 2023-11-30 08115775 d:MotorVehicles 2023-11-30 08115775 d:MotorVehicles 2022-11-30 08115775 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08115775 d:OfficeEquipment 2022-12-01 2023-11-30 08115775 d:OfficeEquipment 2023-11-30 08115775 d:OfficeEquipment 2022-11-30 08115775 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08115775 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 08115775 d:PatentsTrademarksLicencesConcessionsSimilar 2023-11-30 08115775 d:PatentsTrademarksLicencesConcessionsSimilar 2022-11-30 08115775 d:Goodwill 2023-11-30 08115775 d:Goodwill 2022-11-30 08115775 d:CurrentFinancialInstruments 2023-11-30 08115775 d:CurrentFinancialInstruments 2022-11-30 08115775 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08115775 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 08115775 d:ShareCapital 2023-11-30 08115775 d:ShareCapital 2022-11-30 08115775 d:RetainedEarningsAccumulatedLosses 2023-11-30 08115775 d:RetainedEarningsAccumulatedLosses 2022-11-30 08115775 c:OrdinaryShareClass1 2022-12-01 2023-11-30 08115775 c:OrdinaryShareClass1 2023-11-30 08115775 c:OrdinaryShareClass1 2022-11-30 08115775 c:OrdinaryShareClass2 2022-12-01 2023-11-30 08115775 c:OrdinaryShareClass2 2023-11-30 08115775 c:OrdinaryShareClass2 2022-11-30 08115775 c:OrdinaryShareClass3 2022-12-01 2023-11-30 08115775 c:OrdinaryShareClass3 2023-11-30 08115775 c:OrdinaryShareClass3 2022-11-30 08115775 c:OrdinaryShareClass4 2022-12-01 2023-11-30 08115775 c:OrdinaryShareClass4 2023-11-30 08115775 c:OrdinaryShareClass4 2022-11-30 08115775 c:FRS102 2022-12-01 2023-11-30 08115775 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08115775 c:FullAccounts 2022-12-01 2023-11-30 08115775 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08115775 d:Goodwill d:OwnedIntangibleAssets 2022-12-01 2023-11-30 08115775 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-12-01 2023-11-30 08115775 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08115775









TRILITE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
TRILITE LIMITED
REGISTERED NUMBER: 08115775

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
28,711
40,319

Tangible assets
 5 
6,394
-

  
35,105
40,319

Current assets
  

Stocks
  
175,932
154,174

Debtors: amounts falling due within one year
 6 
380,812
159,749

Cash at bank and in hand
  
73,410
85,520

  
630,154
399,443

Creditors: amounts falling due within one year
 7 
(311,110)
(261,359)

Net current assets
  
 
 
319,044
 
 
138,084

Total assets less current liabilities
  
354,149
178,403

  

Net assets
  
354,149
178,403


Capital and reserves
  

Called up share capital 
 8 
277
277

Profit and loss account
  
353,872
178,126

  
354,149
178,403


Page 1

 
TRILITE LIMITED
REGISTERED NUMBER: 08115775
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 August 2024.




R A Stitcher
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Trilite Limited is a private company limited by shares and registered in England & Wales.   The address of its registered office is Dryveres, Hillview Road, NW7 1AJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover in the prior year comprises revenue recognised by the company in respect of management fees receivable during the year. Turnover in the current year comprises revenue recognised by the company in respect of sales of niche aluminium trusing and structural products during the year.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.5

Intangible assets

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value
of the identifiable assets and liabilities. It is amortised to the profit and loss account over its
estimated economic life. 

 
2.6

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives.

Page 3

 
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
33% reducing balance
Office equipment
-
20% reducing balance

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

  
2.8

Functional and presentation currency

Items included in the financial statements of the Company are measured using the currency of the
primary economic environment in which the Company operates (the "functional currency").
The  functional  currency  of  the  Company  and  the  currency  in  which  the  financial  statements  are presented (the "presentational currency") is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short term creditors are measured at the transaction price.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Intangible assets




Intellectual property
Goodwill
Total

£
£
£



Cost


At 1 December 2022
10,000
90,000
100,000



At 30 November 2023

10,000
90,000
100,000



Amortisation


At 1 December 2022
10,000
49,681
59,681


Charge for the year on owned assets
-
11,608
11,608



At 30 November 2023

10,000
61,289
71,289



Net book value



At 30 November 2023
-
28,711
28,711



At 30 November 2022
-
40,319
40,319



Page 5

 
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
63,566
-
-
63,566


Additions
5,270
2,137
866
8,273


Disposals
(63,566)
-
-
(63,566)



At 30 November 2023

5,270
2,137
866
8,273



Depreciation


At 1 December 2022
63,566
-
-
63,566


Charge for the year on owned assets
1,055
534
290
1,879


Disposals
(63,566)
-
-
(63,566)



At 30 November 2023

1,055
534
290
1,879



Net book value



At 30 November 2023
4,215
1,603
576
6,394



At 30 November 2022
-
-
-
-


6.


Debtors

2023
2022
£
£


Trade debtors
-
737

Amounts owed by group undertakings
380,785
159,012

Other debtors
27
-

380,812
159,749


Page 6

 
TRILITE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
178,320
178,320

Corporation tax
89,084
41,872

Other creditors
34,606
34,617

Accruals and deferred income
9,100
6,550

311,110
261,359



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary A shares of £1.00 each
100
100
100 (2022 - 100) Ordinary B shares of £1.00 each
100
100
50 (2022 - 50) Ordinary C shares of £1.00 each
50
50
27 (2022 - 27) Ordinary D shares of £1.00 each
27
27

277

277



9.


Related party transactions

During the year the director and his close family provided the company with finance on which interest of £2,500 (2022: £2,500) has been charged. At the reporting date £38,542 (2022: £36,042) was outstanding.
The company is exempt from disclosing other related party transactions as they are with companies that are wholly owed within the group.

 
Page 7