THE TRISAAS GROUP LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
Company registration number SC567283 (Scotland)
PAGES FOR FILING WITH REGISTRAR
THE TRISAAS GROUP LTD
COMPANY INFORMATION
Director
Mr W Gorol
Company number
SC567283
Registered office
44 Bank Street
Kilmarnock
Ayrshire
KA1 1HA
Accountants
Dains
46 Bank Street
Kilmarnock
Ayrshire
KA1 1HA
THE TRISAAS GROUP LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
THE TRISAAS GROUP LTD
BALANCE SHEET
AS AT 30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,547
4,025
Current assets
Debtors
4
277,933
168,743
Cash at bank and in hand
46,187
20,266
324,120
189,009
Creditors: amounts falling due within one year
5
(264,621)
(142,195)
Net current assets
59,499
46,814
Total assets less current liabilities
66,046
50,839
Creditors: amounts falling due after more than one year
6
(736,333)
(752,676)
Net liabilities
(670,287)
(701,837)
Capital and reserves
Called up share capital
7
10
10
Profit and loss reserves
(670,297)
(701,847)
Total equity
(670,287)
(701,837)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 21 August 2024
Mr W Gorol
Director
Company registration number SC567283 (Scotland)
THE TRISAAS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information

The Trisaas Group Ltd is a private company limited by shares incorporated in Scotland. The registered office is 44 Bank Street, Kilmarnock, Ayrshire, KA1 1HA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date, the company has net liabilities of £670,287 (2022: net liabilities of £701,837). However, the director has pledged to continue his financial support of the company and therefore the going concern basis for preparation is deemed appropriate. true

1.3
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 represented by the provision of procurement software for the hospitality sector.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
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 current liabilities.

THE TRISAAS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to or from related parties and investments in non-puttable ordinary shares.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
18
11
THE TRISAAS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022
7,130
Additions
5,663
At 30 November 2023
12,793
Depreciation and impairment
At 1 December 2022
3,105
Depreciation charged in the year
3,141
At 30 November 2023
6,246
Carrying amount
At 30 November 2023
6,547
At 30 November 2022
4,025
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
100,236
62,162
Other debtors
177,697
106,581
277,933
168,743
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
4,259
4,259
Trade creditors
7,722
12,529
Taxation and social security
118,316
75,318
Other creditors
134,324
50,089
264,621
142,195
THE TRISAAS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
6,009
9,943
Other creditors
730,324
742,733
736,333
752,676
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
2,590
33,670
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Enhance Hospitality Ltd

A company of which W. Gorol is a director.

 

During the year, the company made loans of £434,642 to, and received repayments of £356,000 from, Enhance Hospitality Ltd, resulting in a closing balance of £95,506 (2022: £16,684) being owed to the company at the balance sheet date.

 

There is £2,184 included within trade debtors which is due in addition to the balance above.

 

Gyleworks Ltd

A company of which W. Gorol is a director.

 

The company paid £32,690 (2022: £19,152) to Gyleworks Ltd in respect of rent charges during the year. At the balance sheet date, the company owed £3,816 (2022: £3,108) to Gyleworks Ltd.

 

SIME Investments Ltd

A company of which W. Gorol is a director.

 

The company paid £11,917 (2022: £nil) to SIME Investments Ltd in respect of rent charges during the year. At the balance sheet date, the company owed £1,517 (2022: £6,895) to SIME Investments Ltd.

THE TRISAAS GROUP LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 6 -
10
Directors' transactions

During the year, W. Gorol introduced £11,100 into the company and was repaid £23,510, resulting in a closing balance of £730,324 (2022: £742,733) owed to the director at the balance sheet date.

This loan bears no interest and the director has not set any fixed repayment terms or conditions.

2023-11-302022-12-01false21 August 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr W GorolfalsefalseSC5672832022-12-012023-11-30SC567283bus:Director12022-12-012023-11-30SC567283bus:RegisteredOffice2022-12-012023-11-30SC5672832023-11-30SC5672832022-11-30SC567283core:OtherPropertyPlantEquipment2023-11-30SC567283core:OtherPropertyPlantEquipment2022-11-30SC567283core:CurrentFinancialInstrumentscore:WithinOneYear2023-11-30SC567283core:CurrentFinancialInstrumentscore:WithinOneYear2022-11-30SC567283core:Non-currentFinancialInstrumentscore:AfterOneYear2023-11-30SC567283core:Non-currentFinancialInstrumentscore:AfterOneYear2022-11-30SC567283core:CurrentFinancialInstruments2023-11-30SC567283core:CurrentFinancialInstruments2022-11-30SC567283core:Non-currentFinancialInstruments2023-11-30SC567283core:Non-currentFinancialInstruments2022-11-30SC567283core:ShareCapital2023-11-30SC567283core:ShareCapital2022-11-30SC567283core:RetainedEarningsAccumulatedLosses2023-11-30SC567283core:RetainedEarningsAccumulatedLosses2022-11-30SC567283core:ComputerEquipment2022-12-012023-11-30SC5672832021-12-012022-11-30SC567283core:OtherPropertyPlantEquipment2022-11-30SC567283core:OtherPropertyPlantEquipment2022-12-012023-11-30SC567283core:WithinOneYear2023-11-30SC567283core:WithinOneYear2022-11-30SC567283bus:PrivateLimitedCompanyLtd2022-12-012023-11-30SC567283bus:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC567283bus:FRS1022022-12-012023-11-30SC567283bus:AuditExemptWithAccountantsReport2022-12-012023-11-30SC567283bus:FullAccounts2022-12-012023-11-30xbrli:purexbrli:sharesiso4217:GBP