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REGISTERED NUMBER: 09311497 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Trimit Supplies Ltd

Trimit Supplies Ltd (Registered number: 09311497)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Trimit Supplies Ltd (Registered number: 09311497)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 78,320 78,784

CURRENT ASSETS
Stocks 188,122 180,159
Debtors 5 30,264 14,661
Cash at bank and in hand 29,667 28,272
248,053 223,092
CREDITORS
Amounts falling due within one year 6 (122,431 ) (117,366 )
NET CURRENT ASSETS 125,622 105,726
TOTAL ASSETS LESS CURRENT LIABILITIES 203,942 184,510

CREDITORS
Amounts falling due after more than one year 7 (24,822 ) (30,999 )
NET ASSETS 179,120 153,511

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 179,020 153,411
179,120 153,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Trimit Supplies Ltd (Registered number: 09311497)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 29 August 2024 and were signed by:





Mr S T Barton - Director


Trimit Supplies Ltd (Registered number: 09311497)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Trimit Supplies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09311497

Registered office: 42 Duke Street
Macclesfield
Cheshire
SK11 6UR

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.This is usually on delivery of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

Trimit Supplies Ltd (Registered number: 09311497)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 62,022 22,246 11,633 42,343 138,244
Additions - - - 27,900 27,900
Disposals - - - (27,846 ) (27,846 )
At 30 November 2023 62,022 22,246 11,633 42,397 138,298
DEPRECIATION
At 1 December 2022 16,614 17,370 5,954 19,522 59,460
Charge for year - 975 2,288 8,540 11,803
Eliminated on disposal - - - (11,285 ) (11,285 )
At 30 November 2023 16,614 18,345 8,242 16,777 59,978
NET BOOK VALUE
At 30 November 2023 45,408 3,901 3,391 25,620 78,320
At 30 November 2022 45,408 4,876 5,679 22,821 78,784

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 30,264 14,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 9,120 9,121
Trade creditors 51,866 34,641
Taxation and social security 28,530 19,523
Other creditors 32,915 54,081
122,431 117,366

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 24,822 30,999