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REGISTERED NUMBER: 14086229 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Trio Accountancy Services Ltd

Trio Accountancy Services Ltd (Registered number: 14086229)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Trio Accountancy Services Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M D Faherty FAIA ATT (Fellow)
Miss M T Trigg MAAT
Miss V O Worgan





SECRETARY:





REGISTERED OFFICE: The Limes
Bayshill Road
Cheltenham
GL50 3AW





REGISTERED NUMBER: 14086229 (England and Wales)





ACCOUNTANTS: Trio Accountancy Services Ltd
The Limes
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AW

Trio Accountancy Services Ltd (Registered number: 14086229)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80 90
Tangible assets 5 1,232 936
1,312 1,026

CURRENT ASSETS
Stocks 8,982 7,924
Debtors 6 63,844 79,727
Cash at bank 90,028 85,842
162,854 173,493
CREDITORS
Amounts falling due within one year 7 56,942 82,967
NET CURRENT ASSETS 105,912 90,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,224

91,552

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 107,221 91,549
107,224 91,552

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

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

Trio Accountancy Services Ltd (Registered number: 14086229)

Balance Sheet - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




M D Faherty FAIA ATT (Fellow) - Director Miss M T Trigg MAAT - Director




Miss V O Worgan - Director


Trio Accountancy Services Ltd (Registered number: 14086229)

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

1. STATUTORY INFORMATION

Trio Accountancy Services Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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.

Trio Accountancy Services Ltd (Registered number: 14086229)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 100
AMORTISATION
At 1 June 2023 10
Charge for year 10
At 31 May 2024 20
NET BOOK VALUE
At 31 May 2024 80
At 31 May 2023 90

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 200 1,021 1,221
Additions - 684 684
At 31 May 2024 200 1,705 1,905
DEPRECIATION
At 1 June 2023 30 255 285
Charge for year 26 362 388
At 31 May 2024 56 617 673
NET BOOK VALUE
At 31 May 2024 144 1,088 1,232
At 31 May 2023 170 766 936

Trio Accountancy Services Ltd (Registered number: 14086229)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 47,936 68,698
Other debtors 15,908 11,029
63,844 79,727

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 9,164 12,551
Tax 39,541 49,632
Social security and other taxes 819 2,186
VAT 7,021 16,453
Accrued expenses 397 2,145
56,942 82,967