Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-3022022-12-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01778425 2022-12-01 2023-11-30 01778425 2021-12-01 2022-11-30 01778425 2023-11-30 01778425 2022-11-30 01778425 c:Director1 2022-12-01 2023-11-30 01778425 d:PlantMachinery 2022-12-01 2023-11-30 01778425 d:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 01778425 d:OtherPropertyPlantEquipment 2023-11-30 01778425 d:OtherPropertyPlantEquipment 2022-11-30 01778425 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 01778425 d:CurrentFinancialInstruments 2023-11-30 01778425 d:CurrentFinancialInstruments 2022-11-30 01778425 d:Non-currentFinancialInstruments 2023-11-30 01778425 d:Non-currentFinancialInstruments 2022-11-30 01778425 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 01778425 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 01778425 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 01778425 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 01778425 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 01778425 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 01778425 d:ShareCapital 2023-11-30 01778425 d:ShareCapital 2022-11-30 01778425 d:RetainedEarningsAccumulatedLosses 2023-11-30 01778425 d:RetainedEarningsAccumulatedLosses 2022-11-30 01778425 c:FRS102 2022-12-01 2023-11-30 01778425 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 01778425 c:FullAccounts 2022-12-01 2023-11-30 01778425 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 01778425 d:HirePurchaseContracts d:WithinOneYear 2023-11-30 01778425 d:HirePurchaseContracts d:WithinOneYear 2022-11-30 01778425 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-30 01778425 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-11-30 01778425 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 01778425









TRYBAR LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
TRYBAR LIMITED
REGISTERED NUMBER: 01778425

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
30,442
-

  
30,442
-

Current assets
  

Debtors: amounts falling due within one year
 5 
20,744
10,275

Cash at bank and in hand
 6 
-
6

  
20,744
10,281

Creditors: amounts falling due within one year
 7 
(177,994)
(141,715)

Net current liabilities
  
 
 
(157,250)
 
 
(131,434)

Total assets less current liabilities
  
(126,808)
(131,434)

Creditors: amounts falling due after more than one year
 8 
(23,115)
(25,528)

  

Net liabilities
  
(149,923)
(156,962)


Capital and reserves
  

Called up share capital 
  
111
111

Profit and loss account
  
(150,034)
(157,073)

  
(149,923)
(156,962)


Page 1

 
TRYBAR LIMITED
REGISTERED NUMBER: 01778425
    
BALANCE SHEET (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 income and retained earnings 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 30 August 2024.




R. C. de Wardt
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

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

1.


General information

Trybar Limited is a private company limited by share capital, incorporated in England and Wales, registration number 01778425. The address of the registered office is 30 Orange Street, London, WC2H 7HF.

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

Going concern

These accounts have been prepared on the going concern basis. The director / shareholder has expressed a commitment to continue to support the company financially. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods and services
Revenue from the sale of goods and services is recognised when all of the following conditions are satisfied:
 the Company has transferred the significant risks and rewards of ownership to the buyer;
 the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods and services sold;
 the amount of revenue can be measured reliably;
 it is probable that the Company will receive the consideration due under the transaction; and
 the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt on an even basis.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

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

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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 balance sheet date in the countries where the Company operates and generates income.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
20% Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Following the closure of the company’s office and workshop, all fixed assets were sold. However, the company continues to operate as a contractor much as before in organising work with staff based from home and subcontractors.

Page 4

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

2.Accounting policies (continued)

  
2.9

 Stock and work in progress

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 balance sheet 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.
 

 
2.10

Debtors

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

 
2.11

Cash

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

 
2.12

Creditors

Short term creditors are measured at the transaction price.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 4).

Page 5

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

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


Additions
38,053



At 30 November 2023

38,053



Depreciation


Charge for the year on owned assets
7,611



At 30 November 2023

7,611



Net book value



At 30 November 2023
30,442



At 30 November 2022
-

Following the closure of the company’s office and workshop, all fixed assets were sold. However, the company continues to operate as a contractor much as before in organising work with staff based from home and subcontractors.

Page 6

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

5.


Debtors

2023
2022
£
£


Trade debtors
19,342
10,275

Other debtors
1,402
-

20,744
10,275



6.


Cash

2023
2022
£
£

Cash at bank and in hand
-
6

Less: bank overdrafts
(9,042)
(11,480)

(9,042)
(11,474)



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
9,042
11,480

Bank loans
10,000
16,290

Trade creditors
11,646
14,393

Other taxation and social security
7
12,752

Obligations under finance lease and hire purchase contracts
9,993
-

Other creditors
134,006
83,500

Accruals
3,300
3,300

177,994
141,715


Page 7

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

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,620
25,528

Net obligations under finance leases and hire purchase contracts
7,495
-

23,115
25,528



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
16,290

Amounts falling due 1-2 years

Bank loans
15,620
25,528



25,620
41,818


The company has received a bounce back loan which has been guaranteed by the UK Government,  interest is charged at 2.5% after the first year. Other loans are charged at normal commercial rates.
National Westminster bank has a charge over all company assets.


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
9,993
-

Between 1-5 years
7,495
-

17,488
-

 
Page 8