REGISTERED NUMBER: |
CESSATION FINANCIAL STATEMENTS |
FOR THE PERIOD 3 AUGUST 2023 TO 31 AUGUST 2024 |
FOR |
TRIVOW STORES LIMITED |
REGISTERED NUMBER: |
CESSATION FINANCIAL STATEMENTS |
FOR THE PERIOD 3 AUGUST 2023 TO 31 AUGUST 2024 |
FOR |
TRIVOW STORES LIMITED |
TRIVOW STORES LIMITED (REGISTERED NUMBER: 15047497) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 3 August 2023 to 31 August 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
TRIVOW STORES LIMITED |
COMPANY INFORMATION |
for the period 3 August 2023 to 31 August 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
16 Davy Court |
Castle Mound Way |
Rugby, CV23 0UZ |
Magma Audit LLP is part |
Of the Dains Group |
TRIVOW STORES LIMITED (REGISTERED NUMBER: 15047497) |
BALANCE SHEET |
31 August 2024 |
Notes | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
TRIVOW STORES LIMITED (REGISTERED NUMBER: 15047497) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 3 August 2023 to 31 August 2024 |
1. | STATUTORY INFORMATION |
Trivow Stores Limited is a limited company, registered in England and Wales. Its registered office address is Unit 6 Wayside Braunston Business Park, London Road, Braunston, Daventry, Northamptonshire, England, NN11 7HB and the registered number is 15047497. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The presentational currency of the financial statements is Pound Sterling (£), figures are rounded to the nearest £1. |
Turnover |
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: |
Rendering of services |
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: |
- the amount of revenue can be measured reliably; |
- it is probable that the Company will receive the consideration due under the contract; |
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and |
- the costs incurred and the costs to complete the contract can be measured reliably. |
Financial instruments |
(i) Financial assets |
Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
Such assets are subsequently carried at amortised cost using the effective interest rate method. |
(ii) Financial liabilities |
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method |
Taxation |
The tax expense for the year comprises current and deferred tax. |
Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. |
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: |
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and |
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. |
Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
TRIVOW STORES LIMITED (REGISTERED NUMBER: 15047497) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 3 August 2023 to 31 August 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
5. | RELATED PARTY DISCLOSURES |
During the year, purchase of £3,248 were made from a company with common directors. |
During the year, £2,434 relating to the directors loan accounts was written off as a bad debt expense. |