IRIS Accounts Production v24.2.0.383 07097816 Board of Directors Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070978162022-12-31070978162023-12-31070978162023-01-012023-12-31070978162021-12-31070978162022-01-012022-12-31070978162022-12-3107097816ns15:EnglandWales2023-01-012023-12-3107097816ns14:PoundSterling2023-01-012023-12-3107097816ns10:Director12023-01-012023-12-3107097816ns10:Director22023-01-012023-12-3107097816ns10:Director32023-01-012023-12-3107097816ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107097816ns10:SmallEntities2023-01-012023-12-3107097816ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107097816ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107097816ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107097816ns10:FullAccounts2023-01-012023-12-3107097816ns10:RegisteredOffice2023-01-012023-12-3107097816ns5:CurrentFinancialInstruments2023-12-3107097816ns5:CurrentFinancialInstruments2022-12-3107097816ns5:ShareCapital2023-12-3107097816ns5:ShareCapital2022-12-3107097816ns5:RetainedEarningsAccumulatedLosses2023-12-3107097816ns5:RetainedEarningsAccumulatedLosses2022-12-3107097816ns5:PlantMachinery2023-01-012023-12-3107097816ns5:PlantMachinery2022-12-3107097816ns5:PlantMachinery2023-12-3107097816ns5:PlantMachinery2022-12-3107097816ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107097816ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107097816ns5:CurrentFinancialInstruments2023-01-012023-12-3107097816ns5:WithinOneYear2023-12-3107097816ns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 07097816 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Triton Contracts Limited

Triton Contracts Limited (Registered number: 07097816)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Triton Contracts Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr P R Duffy
Mrs L M M Duffy
Mr M Thomas





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: Unit 9
Signet Court
Swanns Road
CAMBRIDGE
CB5 8LA





REGISTERED NUMBER: 07097816 (England and Wales)

Triton Contracts Limited (Registered number: 07097816)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,978 3,970

CURRENT ASSETS
Debtors 6 291,063 730,444
Cash at bank and in hand 149,061 104,572
440,124 835,016
CREDITORS
Amounts falling due within one year 7 285,421 632,996
NET CURRENT ASSETS 154,703 202,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,681

205,990

PROVISIONS FOR LIABILITIES 566 754
NET ASSETS 157,115 205,236

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 156,815 204,936
SHAREHOLDERS' FUNDS 157,115 205,236

Triton Contracts Limited (Registered number: 07097816)

Balance Sheet - continued
31 December 2023


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 26 September 2024 and were signed on its behalf by:




Mr P R Duffy - Director Mrs L M M Duffy - Director




Mr M Thomas - Director


Triton Contracts Limited (Registered number: 07097816)

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


1. STATUTORY INFORMATION

Triton Contracts 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The Company incurred a loss for the period and as as at the period end, has a reduced net liabilities position when compared with the prior year, as disclosed on the balance sheet. The financial statements are prepared on the going concern basis on the assumption that the Company will continue meet its liabilities as they fall due and receive sufficient financial support from its parent company.

Turnover
Turnover represents work done in the year, exclusive of Value Added Tax.

In respect of long-term contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services are recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Triton Contracts Limited (Registered number: 07097816)

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


3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

Triton Contracts Limited (Registered number: 07097816)

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


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 17,103
DEPRECIATION
At 1 January 2023 13,133
Charge for year 992
At 31 December 2023 14,125
NET BOOK VALUE
At 31 December 2023 2,978
At 31 December 2022 3,970

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 191,419 690,163
Amounts recoverable on contract 94,908 39,091
Other debtors 4,736 1,190
291,063 730,444

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 90,799 192,240
Amounts owed to group undertakings 47,889 135,616
Taxation and social security 105,509 161,725
Other creditors 41,224 143,415
285,421 632,996

Other creditors consist of accrued expenses of £33,810 (2022 - £135,798), credit card balances of £6,464 (2022 - £6,936), and pensions payable of £950 (2022 - £681).

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year - 3,026

Triton Contracts Limited (Registered number: 07097816)

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


9. ULTIMATE CONTROLLING PARTY

The parent company and controlling party is Triton Alpha Limited.

The ultimate controlling party is Mr P R Duffy.