Registered number
09861547
Triswim Ltd
Unaudited Filleted Accounts
30 November 2023
Triswim Ltd
Registered number: 09861547
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 7,282 3,990
Current assets
Debtors 4 2,707 132
Cash at bank and in hand 30,543 30,219
33,250 30,351
Creditors: amounts falling due within one year 5 (27,926) (14,360)
Net current assets 5,324 15,991
Total assets less current liabilities 12,606 19,981
Creditors: amounts falling due after more than one year 6 (4,988) (9,143)
Provisions for liabilities (1,384) (758)
Net assets 6,234 10,080
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,233 10,079
Shareholder's funds 6,234 10,080
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Laura Jane Ansell
Director
Approved by the board on 21 August 2024
Triswim Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Office equipment 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 16
3 Tangible fixed assets
Office equipment Plant and machinery Total
£ £ £
Cost
At 1 December 2022 4,117 5,748 9,865
Additions 273 4,523 4,796
At 30 November 2023 4,390 10,271 14,661
Depreciation
At 1 December 2022 2,444 3,431 5,875
Charge for the year 441 1,063 1,504
At 30 November 2023 2,885 4,494 7,379
Net book value
At 30 November 2023 1,505 5,777 7,282
At 30 November 2022 1,673 2,317 3,990
4 Debtors 2023 2022
£ £
Other debtors 2,707 132
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 18,130 2,130
Obligations under hire purchase contracts 2,556 2,640
Trade creditors - 616
Directors loan account 3,562 3,101
Taxation and social security costs 3,678 5,873
27,926 14,360
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 3,000 4,966
Obligations under hire purchase contracts 1,988 4,177
4,988 9,143
7 Other information
Triswim Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit A, Farriers Courtyard,
Spelmonden Road,
Goudhurst, Cranbrook,
TN17 1HE
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