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REGISTERED NUMBER: 03788027 (England and Wales)















TRIPLE LINE CONSULTING LIMITED

Financial Statements for the Year Ended 31 March 2024






TRIPLE LINE CONSULTING LIMITED (REGISTERED NUMBER: 03788027)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRIPLE LINE CONSULTING LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: A Singh
H Sikka
M Primdal
P Seth
Ms C Poulson





REGISTERED OFFICE: Tintagel House
92 Albert Embankment
London
London
SE1 7TY





REGISTERED NUMBER: 03788027 (England and Wales)





AUDITORS: Xeinadin Audit Limited
Chartered Accountants and Statutory Auditors
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

TRIPLE LINE CONSULTING LIMITED (REGISTERED NUMBER: 03788027)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,860 25,772

CURRENT ASSETS
Debtors 5 1,755,795 1,507,887
Cash at bank 178,606 520,249
1,934,401 2,028,136
CREDITORS
Amounts falling due within one year 6 1,632,714 1,373,144
NET CURRENT ASSETS 301,687 654,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,547

680,764

CAPITAL AND RESERVES
Called up share capital 6,828 6,828
Share premium 36,261 36,261
Capital redemption reserve 2,692 2,692
Retained earnings 276,766 634,983
SHAREHOLDERS' FUNDS 322,547 680,764

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 28 August 2024 and were signed on its behalf by:





M Primdal - Director


TRIPLE LINE CONSULTING LIMITED (REGISTERED NUMBER: 03788027)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Triple Line Consulting 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.

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.

The financial statements are presented in Sterling which is the functional currency of the company.

The financial statements have been prepared on a going concern basis.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the group's accounting policies.

The directors consider that the judgements and estimations used in calculating amounts recoverable on contracts are critical to the accounts, such amounts being calculated on the basis of a detailed review, on an individual contract basis of the progress at the year end and the underlying profitability of each contract.

TURNOVER
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customer. Unbilled revenue is recognised by reference to the value of work performed.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

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.


TRIPLE LINE CONSULTING LIMITED (REGISTERED NUMBER: 03788027)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 money purchase pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period in which they relate.The assets of the pension scheme are held separately to those of the Company.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 26 ) .

TRIPLE LINE CONSULTING LIMITED (REGISTERED NUMBER: 03788027)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Computer and Computer
software fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 29,954 2,362 71,529 103,845
Additions - - 6,115 6,115
Disposals - - (37,235 ) (37,235 )
At 31 March 2024 29,954 2,362 40,409 72,725
DEPRECIATION
At 1 April 2023 22,572 2,125 53,376 78,073
Charge for year 2,945 60 6,891 9,896
Eliminated on disposal - - (36,104 ) (36,104 )
At 31 March 2024 25,517 2,185 24,163 51,865
NET BOOK VALUE
At 31 March 2024 4,437 177 16,246 20,860
At 31 March 2023 7,382 237 18,153 25,772

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 950,955 654,618
Amounts owed by group undertakings 334,396 -
Amounts recoverable on contract 428,217 561,765
Other debtors 42,227 291,504
1,755,795 1,507,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 960,274 763,708
Amounts owed to group undertakings 233,411 -
Taxation and social security 52,967 120,851
Other creditors 386,062 488,585
1,632,714 1,373,144

TRIPLE LINE CONSULTING LIMITED (REGISTERED NUMBER: 03788027)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 79,380 73,500
Between one and five years - 126,000
79,380 199,500

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Donald Nelson FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the parent company, IPE Global Limited, a company incorporated and registered in India.

10. APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.