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REGISTERED NUMBER: 05406899 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Trym Insulations Limited

Trym Insulations Limited (Registered number: 05406899)






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


Trym Insulations Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr C J Walters
Mrs C Walters





SECRETARY: Mrs C Walters





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 05406899 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Trym Insulations Limited (Registered number: 05406899)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 17,912 23,880
17,912 23,880

CURRENT ASSETS
Stocks 520 450
Debtors 6 149,577 107,528
Cash at bank 331,201 254,915
481,298 362,893
CREDITORS
Amounts falling due within one year 7 299,338 223,333
NET CURRENT ASSETS 181,960 139,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,872

163,440

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 199,772 163,340
SHAREHOLDERS' FUNDS 199,872 163,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 15 August 2024 and were signed on its behalf by:





Mr C J Walters - Director


Trym Insulations Limited (Registered number: 05406899)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Trym Insulations 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 25% on reducing balance basis
Motor vehicles - 25% on reducing balance basis
Computer equipment - 25% on reducing balance basis

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023
and 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Trym Insulations Limited (Registered number: 05406899)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant & Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 2,714 73,299 1,982 77,995
DEPRECIATION
At 1 April 2023 1,719 51,465 931 54,115
Charge for year 510 5,458 - 5,968
At 31 March 2024 2,229 56,923 931 60,083
NET BOOK VALUE
At 31 March 2024 485 16,376 1,051 17,912
At 31 March 2023 995 21,834 1,051 23,880

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 136,178 93,261
Other debtors 12,361 13,254
Prepayments 1,038 1,013
149,577 107,528

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66,293 54,821
Taxation 48,982 26,828
Social security and other taxes 9,510 8,374
Directors' current accounts 170,533 129,396
Accrued expenses 4,020 3,914
299,338 223,333

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 163,340
Profit for the year 146,432
Dividends (110,000 )
At 31 March 2024 199,772

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £110,000 (2023 - £110,000) were paid to the directors .