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REGISTERED NUMBER: 04061381 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Tri Management Limited

Tri Management Limited (Registered number: 04061381)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tri Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J C P Flynn
Mr M Frampton
Mr S A Nicholls





SECRETARY: Mr J C P Flynn





REGISTERED OFFICE: 4 Park Parade
Farnham Royal
Slough
Berkshire
SL2 3AU





REGISTERED NUMBER: 04061381 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Tri Management Limited (Registered number: 04061381)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,115 2,109

CURRENT ASSETS
Debtors 5 2,130,682 2,132,505
Cash at bank and in hand 1,004,723 990,976
3,135,405 3,123,481
CREDITORS
Amounts falling due within one year 6 (841,053 ) (944,215 )
NET CURRENT ASSETS 2,294,352 2,179,266
TOTAL ASSETS LESS CURRENT LIABILITIES 2,296,467 2,181,375

PROVISIONS FOR LIABILITIES (287 ) (260 )
NET ASSETS 2,296,180 2,181,115

CAPITAL AND RESERVES
Called up share capital 15 15
Retained earnings 2,296,165 2,181,100
SHAREHOLDERS' FUNDS 2,296,180 2,181,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 2 May 2024 and were signed on its behalf by:





Mr J C P Flynn - Director


Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tri Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
The turnover shown in the profit and loss account represents the value of all services delivered during the year, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations to the customer.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.


Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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.

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 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 38 (2022 - 36 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 53,462
Additions 1,556
Disposals (5,495 )
At 31 December 2023 49,523
DEPRECIATION
At 1 January 2023 51,353
Charge for year 1,550
Eliminated on disposal (5,495 )
At 31 December 2023 47,408
NET BOOK VALUE
At 31 December 2023 2,115
At 31 December 2022 2,109

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,229,263 1,292,901
Other debtors 901,419 839,604
2,130,682 2,132,505

Tri Management Limited (Registered number: 04061381)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 339,989 252,460
Taxation and social security 293,967 436,182
Other creditors 207,097 255,573
841,053 944,215

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr M Frampton
Balance outstanding at start of year 22,540 20,933
Amounts advanced 130,813 22,540
Amounts repaid (92,400 ) (20,933 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,953 22,540

Amounts due from a director were repaid to the company following the balance sheet date. The outstanding balance accrues interest at the HMRC Official Rate.

8. RELATED PARTY DISCLOSURES

As at the balance sheet date the company was owed £751,053 (2022: £750,569) by Tri Management Services Limited, a company under common control, on an unsecured and interest free basis.

9. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.