1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 15,000 7,500 3,750 11,250 3,750 7,500 xbrli:pure xbrli:shares iso4217:GBP 13468064 2023-07-01 2024-06-30 13468064 2024-06-30 13468064 2023-06-30 13468064 2022-07-01 2023-06-30 13468064 2023-06-30 13468064 2022-06-30 13468064 core:PlantMachinery 2023-07-01 2024-06-30 13468064 bus:Director1 2023-07-01 2024-06-30 13468064 core:PlantMachinery 2023-06-30 13468064 core:PlantMachinery 2024-06-30 13468064 core:WithinOneYear 2024-06-30 13468064 core:WithinOneYear 2023-06-30 13468064 core:ShareCapital 2024-06-30 13468064 core:ShareCapital 2023-06-30 13468064 core:RetainedEarningsAccumulatedLosses 2024-06-30 13468064 core:RetainedEarningsAccumulatedLosses 2023-06-30 13468064 core:PlantMachinery 2023-06-30 13468064 bus:SmallEntities 2023-07-01 2024-06-30 13468064 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13468064 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13468064 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13468064 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 13468064
Total Trip Electrical Ltd
Filleted Unaudited Financial Statements
30 June 2024
Total Trip Electrical Ltd
Financial Statements
Year ended 30 June 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Total Trip Electrical Ltd
Balance Sheet
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
3,750
7,500
Current assets
Stocks
1,315
965
Debtors
6
285
1,985
Cash at bank and in hand
25,963
17,365
--------
--------
27,563
20,315
Creditors: amounts falling due within one year
7
27,974
21,345
--------
--------
Net current liabilities
411
1,030
-------
-------
Total assets less current liabilities
3,339
6,470
-------
-------
Net assets
3,339
6,470
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,239
6,370
-------
-------
Shareholders funds
3,339
6,470
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Total Trip Electrical Ltd
Balance Sheet (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 21 August 2024 , and are signed on behalf of the board by:
Mr A Hardman
Director
Company registration number: 13468064
Total Trip Electrical Ltd
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 King Street, Newcastle-under-Lyme, Staffordshire, ST5 1ER. The company registration number is 13468064 .
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered. Revenue from the sales of services is recognised upon the completion of the service.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objectives evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 July 2023 and 30 June 2024
15,000
--------
Depreciation
At 1 July 2023
7,500
Charge for the year
3,750
--------
At 30 June 2024
11,250
--------
Carrying amount
At 30 June 2024
3,750
--------
At 30 June 2023
7,500
--------
6. Debtors
2024
2023
£
£
Trade debtors
285
1,985
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,288
Corporation tax
6,048
4,899
Other creditors
15,638
16,446
--------
--------
27,974
21,345
--------
--------