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REGISTERED NUMBER: 01268274 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Trigg Electrical Limited

Trigg Electrical Limited (Registered number: 01268274)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Trigg Electrical Limited (Registered number: 01268274)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,062 103,947
Investments 5 62,949 60,000
210,011 163,947

CURRENT ASSETS
Stocks 110,787 86,774
Debtors 6 534,810 518,511
Cash at bank 1,110,826 722,747
1,756,423 1,328,032
CREDITORS
Amounts falling due within one year 7 998,414 389,187
NET CURRENT ASSETS 758,009 938,845
TOTAL ASSETS LESS CURRENT LIABILITIES 968,020 1,102,792

CREDITORS
Amounts falling due after more than one year 8 - (8,804 )

PROVISIONS FOR LIABILITIES (36,766 ) (19,750 )
NET ASSETS 931,254 1,074,238

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 931,154 1,074,138
SHAREHOLDERS' FUNDS 931,254 1,074,238

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Trigg Electrical Limited (Registered number: 01268274)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:




Mr J Trigg - Director



Mr R Trigg - Director


Trigg Electrical Limited (Registered number: 01268274)

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

1. STATUTORY INFORMATION

Trigg Electrical Limited 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: 01268274

Registered office: Lower Dales
Dunwood Lane
Endon
Stoke-on-Trent
Staffordshire
ST9 9AP

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 15% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Trigg Electrical Limited (Registered number: 01268274)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Fixed asset investment
Fixed asset investments are stated at market value less any impairment at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 94,238 286,483 65,358 446,079
Additions 9,653 105,495 1,265 116,413
Disposals - (27,500 ) (6,074 ) (33,574 )
At 31 January 2024 103,891 364,478 60,549 528,918
DEPRECIATION
At 1 February 2023 63,130 222,652 56,350 342,132
Charge for year 17,604 53,474 2,220 73,298
Eliminated on disposal - (27,500 ) (6,074 ) (33,574 )
At 31 January 2024 80,734 248,626 52,496 381,856
NET BOOK VALUE
At 31 January 2024 23,157 115,852 8,053 147,062
At 31 January 2023 31,108 63,831 9,008 103,947

Trigg Electrical Limited (Registered number: 01268274)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2023
and 31 January 2024 50,000
DEPRECIATION
At 1 February 2023 25,000
Charge for year 12,500
At 31 January 2024 37,500
NET BOOK VALUE
At 31 January 2024 12,500
At 31 January 2023 25,000

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 February 2023 60,000
Revaluations 2,949
At 31 January 2024 62,949
NET BOOK VALUE
At 31 January 2024 62,949
At 31 January 2023 60,000

Cost or valuation at 31 January 2024 is represented by:

Other
investments
£   
Valuation in 2024 2,949
Cost 60,000
62,949

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 498,227 489,093
Other debtors 36,583 29,418
534,810 518,511

Trigg Electrical Limited (Registered number: 01268274)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,804 9,594
Trade creditors 24,165 102,010
Amounts owed to group undertakings 500,350 -
Taxation and social security 450,369 268,415
Other creditors 14,726 9,168
998,414 389,187

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 8,804

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 8,804 18,398

Hire purchase liabilities are secured on the assets to which they relate.

10. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £10,748 (2023 £10,748). This financial commitment represents the total amount of payments remaining on the lease.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr J Trigg
Balance outstanding at start of year (395 ) 9,802
Amounts advanced 617,150 331,135
Amounts repaid (619,641 ) (341,332 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,886 ) (395 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is John Trigg Holdings Limited.