Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 00987100 Mr R J Heddon Mr S Heddon Mr R J Heddon iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 00987100 2023-04-30 00987100 2024-04-30 00987100 2023-05-01 2024-04-30 00987100 frs-core:CurrentFinancialInstruments 2024-04-30 00987100 frs-core:FurnitureFittings 2024-04-30 00987100 frs-core:FurnitureFittings 2023-05-01 2024-04-30 00987100 frs-core:FurnitureFittings 2023-04-30 00987100 frs-core:MotorVehicles 2024-04-30 00987100 frs-core:MotorVehicles 2023-05-01 2024-04-30 00987100 frs-core:MotorVehicles 2023-04-30 00987100 frs-core:SharePremium 2024-04-30 00987100 frs-core:ShareCapital 2024-04-30 00987100 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 00987100 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00987100 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 00987100 frs-bus:SmallEntities 2023-05-01 2024-04-30 00987100 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00987100 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 00987100 frs-bus:Director1 2023-05-01 2024-04-30 00987100 frs-bus:Director2 2023-05-01 2024-04-30 00987100 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 00987100 frs-core:CurrentFinancialInstruments 9 2024-04-30 00987100 frs-countries:EnglandWales 2023-05-01 2024-04-30 00987100 2022-04-30 00987100 2023-04-30 00987100 2022-05-01 2023-04-30 00987100 frs-core:CurrentFinancialInstruments 2023-04-30 00987100 frs-core:SharePremium 2023-04-30 00987100 frs-core:ShareCapital 2023-04-30 00987100 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 00987100 frs-core:CurrentFinancialInstruments 9 2023-04-30
Registered number: 00987100
Tripleplas Machinery Sales Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00987100
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,604 17,023
13,604 17,023
CURRENT ASSETS
Debtors 5 959,829 405,339
Cash at bank and in hand 92,708 302,655
1,052,537 707,994
Creditors: Amounts Falling Due Within One Year 6 (1,125,745 ) (634,130 )
NET CURRENT ASSETS (LIABILITIES) (73,208 ) 73,864
TOTAL ASSETS LESS CURRENT LIABILITIES (59,604 ) 90,887
NET (LIABILITIES)/ASSETS (59,604 ) 90,887
CAPITAL AND RESERVES
Called up share capital 1,020 1,020
Share premium account 14,490 14,490
Profit and Loss Account (75,114 ) 75,377
SHAREHOLDERS' FUNDS (59,604) 90,887
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Heddon
Director
11/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tripleplas Machinery Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00987100 . The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on cost
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Assets held under finance leases are depreciated in the same way as owned assets.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
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2.5. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.6. Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
2.7. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 3 (2023: 3)
3 3
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 21,246 41,980 63,226
Additions - 690 690
As at 30 April 2024 21,246 42,670 63,916
Depreciation
As at 1 May 2023 12,283 33,920 46,203
Provided during the period 2,241 1,868 4,109
As at 30 April 2024 14,524 35,788 50,312
Net Book Value
As at 30 April 2024 6,722 6,882 13,604
As at 1 May 2023 8,963 8,060 17,023
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 922,268 401,254
Other debtors 1,825 1,401
Prepayments 2,782 2,684
Corporation tax recoverable assets 32,954 -
959,829 405,339
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 65,726 57,061
Corporation tax - 38,560
Other taxes and social security 3,141 4,213
VAT 60,168 131,610
Other creditors 995,240 401,090
Accruals and deferred income 1,395 1,290
Directors' loan accounts 75 306
1,125,745 634,130
7. Directors Advances, Credits and Guarantees
During the year, Mr S Heddon, a director of the company provided the company with a loan. The balance outstanding at the year end was £75 (2023 - £306) and included in creditors. This loan is interest free and repayable on demand.
8. Related Party Transactions
Included in other debtors is an amount of £1,825 (2023 - £1,401) owing to Tripleplas Limited a company under common control.
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